• 7 July 2010
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BioSupplier Industry Growth Slides to 7.5%

The recession got BioSuppliers. In FY 2009-10 they were hit hard with the industry growth sliding to 7.5 percent, even though the overall scenario remains positive. The overall supplier industry revenues stood at Rs 3,893 crore as against Rs 3,621 crore in 2008-09.

The downward trend of 2008-09, when the industry growth slipped to 16 percent from earlier levels of 40 percent, continued in 2009-10 on account of number of MNCs reporting flat or negative growth.  However, the home-grown companies have done well-posting healthy double digit growth.

This year, BioSpectrum, saw increased levels of transparency in data sharing from the supplier companies. Though there still remain a few companies such as BioRad, Perkin Elmer, LabIndia Life Sciences, LabMate Asia, Jain Biologicals and Advanced Technologies that have not participated in this year's survey on account of 2009-10 being a bad year, business restructuring and internal policy decisions. BioSpectrum estimated the revenues from the industry sources to arrive at the industry sizing and segment split. BioSpectrum estimates for companies are indicated as (*) against the company name in respective data tables. The error margin adjustment is done to eliminate double counting of revenues (principals and distributors) for market sizing.

In 2010 survey, Waters India retained its No 1 spot, even with a degrowth of 21 percent. Top 20 companies contributed 70 percent of the overall supplier revenues of Rs 3,893 crore while the Top 20 Principals contributed about 60 percent of the revenues.

Looking at the regionwise split, the Top 10 companies from the three regions – North, South and West – collectively accounted for 81 percent of the overall revenues. Southern region emerged as the leader this year, with supplier companies headquartered there generating Rs 1,633 crore in revenues. North followed with Rs 1,354 crore contribution to the overall revenues, followed by West clocking close to Rs 1,000 crore.

Homegrown suppliers with a stable year-on-year growth, have managed to maintain it in this tough year. Companies like Spinco Biotech, Imperial Life Sciences, DSS Imagetech are worth a mention. Backed by strong teams and a good strategy these have managed to grow in double digits. RFCL finished a major restructuring exercise and is all set to take a leap of growth.

A number of principals stepped up their India focus and reorienting their strategy to work closely with Indian players. Shimadzu Analytical (India), which had a degrowth of 8 percent last year has stepped up focus on its partners in a big way and is confident of big strides in its product uptake in the coming year. 
With a freeze on projects since last two years easing, the buying trend is likely to move north. FY 2010-11 promises to be an action packed year for the industry. Time to wait and watch is over.

Top 20 BioSuppliers-2010 (Life Science Business) by Revenue
Rank
2009
Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Waters India 262.2 333.70 264.00 213.20 184.50 -21.43
2 Agilent Technologies* 255 - 277.77 194.00 139.00 -
3 Spinco Biotech 250.68 225.02 210.27 156.17 138.89 11.40
4 Thermo Fisher Scientific* 210 185.79 315.68 246.00 172.44 13.03
5 Becton Dickenson* 180 232.00 178.63 133.90 113.90 -22.41
6 Millipore India 177.02 160.30 173.19 136.07 91.00 10.43
7 Invitrogen Bioservices India* 150 - - - - -
8 Shimadzu Analytical (India) 141 154.00 128.00 110.00 96.00 -8.44
9 GE Healthcare Life Sciences* 120 120.00 80.00 61.50 49.50 0.00
10 Imperial Life Sciences 112.85 102.90 88.73 39.25 24.80 9.67
11 Sigma Aldrich India* 100 - - - - -
12 Merck* 97 - - - - -
13 Sartorius 95 90.00 65.00 52.50 72.00 5.56
14 RFCL 93.23 92.21 34.04 22.60 17.78 1.11
15 Genetix Biotech Asia 90 80.00 70.00 51.00 40.10 12.50
16 DSS Imagetech 88.08 78.61 68.04 54.49 41.67 12.05
17 Toshvin Analytical 85.1 75.9 - - - 12.12








19
Eppendorf India 73.63 60.14 41.90 29.00 23.26 22.43
20 Nishotech 70 - - - - -
Revenue in Rs. Crore 
*BioSpectrum estimates
  • BioSupplier Industry registered 7.5% growth
  • Life science supplier industry clocked Rs 3,893 crore in revenues
  • Top 20 companies contributed 70% of this revenue
  • A number of MNCs reported flat or negative growth
  • Fastest growing companies tally was led by small distributors. Most of the domestic companies grew at healthy double digits
 
► Top 3 companies make up 28 percent of the total Top 20 revenues of Rs 2,730 crore
► Top 10 companies contribute 68 percent of the Top 20 revenue
► 8 of the fastest growing supplier companies were between Rs 50-80 crore in revenues
► Spinco Biotech has emerged as the No 1 distributor and as far as the ranking goes it is neck-to-neck with some of the principals the company represents

►Top 10 companies from the North contributed 26 percent to the overall revenues of Rs 3,893 crore.
►Top 10 companies from the South contributed 35 percent to the overall revenues.
► Top 10 companies from the West contributed 21 percent to the overall revenues
► Agilent Technologies, Waters India and Thermo Fisher Scientific made it to the=  No. 1 spot in their respective regions.

Top 10 BioSuppliers-2010 (South)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Waters India 262.2 333.70 264.00 213.20 184.50 -21.43
2 Spinco Biotech 250.68 225.02 210.27 156.17 138.89 11.40
3 Millipore India 177.02 160.30 173.19 136.07 91.00 10.43
4 Invitrogen Bioservices India* 150 - - - - -
5 GE Healthcare Life Sciences* 120 120.00 80.00 61.50 49.50 0.00
6 Sigma Aldrich India* 100 - - - - -
7 Sartorius 95 90 65.00 52.50 72.00 5.56
8 Eppendorf India 73.63 60.14 41.90 29.00 23.26 22.43
9 3M* 40 - - - - -
10 JH Bio Innovations 10.90 13.10 10.94 11.02 - -16.79
Revenue in Rs. Crore
*BioSpectrum estimates
Top 10 BioSuppliers-2010 (West)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Thermo Fisher Scientific* 210 185.79 315.68 246.00 172.44 13.03
2 Shimadzu Analytical (India) 141 154.00 128.00 110.00 96.00 -8.44
3 Merck* 97 - - - - -
4 Toshvin Analytical 85.1 75.9 - - - 12.12
5 Nishotech 70 - - - - -
6 Beckman Coulter 52 47.00 24.00 22.60 17.80 10.64
7 HiMedia Laboratories* 45 - 180.00 150.00 120.00 -
8 MediSpec India 43.24 30.30 30.00 23.00 15.10 42.71
9 Alfa Laval India* 41 37.00 20.50 30.00 30.00 10.81
10 Newtronics Equipment Company 29.7 - - - - -
Revenue in Rs. Crore *BioSpectrum estimates

Top 10 BioSuppliers-2010 (North)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Agilent Technologies* 255 - 277.77 194.00 139.00 -
2 Becton Dickenson* 180 232.00 178.63 133.90 113.90 -22.41
3 Imperial Life Sciences 112.85 102.90 88.73 39.25 24.80 9.67
4 RFCL 93.23 92.21 34.04 22.60 17.78 1.11
5 Genetix Biotech Asia 90 80.00 70.00 51.00 40.10 12.50
6 DSS Imagetech 88.08 78.61 68.04 54.49 41.67 12.05
7 Towa Optics 62.5 56.09 46.67 40.85 - 11.43
8 Advanced Microdevices 56 45.00 37.00 - - 24.44
9 Genaxy Scientific (Axygen Scientific) 31.5 29.50 22.50 17.50 - 6.78
10 Biodigital 27 - - - - -
Revenue in Rs. Crore *BioSpectrum estimates
Top 20 BioSuppliers-2010 (Distributors)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Spinco Biotech 250.68 225.02 210.27 156.17 138.89 11.40
2 Imperial Life Sciences 112.85 102.90 88.73 39.25 24.80 9.67
3 Genetix Biotech Asia 90 80.00 70.00 51.00 40.10 12.50
4 DSS Imagetech 88.08 78.61 68.04 54.49 41.67 12.05
5 Toshvin Analytical 85.1 75.9 - - - 12.12
6 Nishotech 70 - - - - -
7 Towa Optics 62.5 56.09 46.67 40.85 - 11.43
8 Genaxy Scientific (Axygen Scientific) 31.5 29.50 22.50 17.50 - 6.78
9 Biodigital
27 - - - - -
10 Biotron Healthcare 18.5 13.50 11.50 7.00 - 37.04
11 Techcomp India
15 22.5 - - -33.33 -
12 BI Biotech 14.04 11.60 - - - 21.03
13 Trident Equipments 13.5 12.00 8.00 - - 12.50
14 JH Bio Innovations 10.9 13.10 10.94 11.02 - -16.79
15 Esco Biotech 10.7 8.9 8.5 - - 20.22
16 Technoconcept
10.06 - - - - -
17 Automed Systems 10 9.80 - - 2.04 -
18 Saksham Technologies 10 10 8 6.00 0.00 -
19 Biohouse Solutions
7 - - - - -
20 Techpharma Systems 6 4 - - - 50.00
Revenue in Rs. Crore
Top 20 BioSuppliers-2010 (Principals)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Waters India 262.2 333.70 264.00 213.20 184.50 -21.43
2 Agilent Technologies* 255 - 277.77 194.00 139.00 -
3 Thermo Fisher Scientific* 210 185.79 315.68 246.00 172.44 13.03
4 Becton Dickenson* 180 232.00 178.63 133.90 113.90 -22.41
5 Millipore India 177.02 160.30 173.19 136.07 91.00 10.43
6 Invitrogen Bioservices India* 150 - - - - -
7 Shimadzu Analytical (India) 141 154.00 128.00 110.00 96.00 -8.44
8 GE Healthcare Life Sciences* 120 120.00 80.00 61.50 49.50 0.00
9 Sigma Aldrich India* 100 - - - - -
10 Merck* 97 - - - - -
11 Sartorius 95 90 65.00 52.50 72.00 5.56
12 RFCL 93.23 92.21 34.04 22.60 17.78 1.11
13 Eppendorf India 73.63 60.14 41.90 29.00 23.26 22.43
14 Advanced Microdevices 56 45.00 37.00 - - 24.44
15 Beckman Coulter
52 47.00 24.00 22.60 17.80 10.64
16 HiMedia Laboratories* 45 180.00 150.00 120.00 -
17 MediSpec India 43.24 30.30 30.00 23.00 15.10 42.71
18 Alfa Laval India* 41 37.00 20.50 30.00 30.00 10.81
19 3M* 40 - - - - -
20 Newtronics Equipment Company
29.70 - - - - -
Revenue in Rs. Crore *BioSpectrum estimates
Top 10 BioSuppliers-2010 (MNCs)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Waters India 262.2 333.70 264.00 213.20 184.50 -21.43
2 Agilent Technologies* 255 277.77 194.00 139.00
3 Thermo Fisher Scientific* 210 185.79 315.68 246.00 172.44 13.03
4 Becton Dickenson* 180 232.00 178.63 133.90 113.90 -22.41
5 Millipore India 177.02 160.30 173.19 136.07 91.00 10.43
6 Invitrogen Bioservices India* 150
7 Shimadzu Analytical (India) 141 154.00 128.00 110.00 96.00 -8.44
8 GE Healthcare Life Sciences* 120 120.00 80.00 61.50 49.50 0.00
9 Sigma Aldrich India* 100
10 Merck* 97
Revenue in Rs. Crore *BioSpectrum estimates

Top 10 BioSuppliers-2010 (Home Grown)
Rank 2009 Company 2009-10 2008-09 2007-08 2006-07 2005-06 % Change 2009-10
1 Spinco Biotech 250.68 225.02 210.27 156.17 138.89 11.40
2 Imperial Life Sciences 112.85 102.90 88.73 39.25 24.80 9.67
3 RFCL 93.23 92.21 34.04 22.60 17.78 1.11
4 Genetix Biotech Asia 90 80.00 70.00 51.00 40.10 12.50
5 DSS Imagetech 88.08 78.61 68.04 54.49 41.67 12.05
6 Toshvin Analytical 85.1 75.9 12.12
7 Nishotech 70
8 Towa Optics 62.5 56.09 46.67 40.85 11.43
9 Advanced Microdevices 56 45.00 37.00 24.44
10 HiMedia Laboratories* 45 180.00 150.00 120.00
Revenue in Rs. Crore *BioSpectrum estimates

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