Health science market set to boom in India

Since two new-born babies die every minute in India because of the genetic disorders, the genetic screening segment of the health science equipments and technology market is expected to reach Rs 5,000 crores turnover by 2010.
PerkinElmer Inc. (USA) chairman and CEO Gregory L. Summe said: "Around 20 per cent of the world’s infants are born in India every year. Two new-born babies die every minute in India because of the genetic disorders and hence, the turnover of genetic screening segment of the health science sector is expected to reach Rs 5,000 crores within the span of three years. The factors like rapid urbanisation of society, the growth of corporate hospital culture in the country and the boom in the Indian pharma sector are responsible for boosting the growth of the health science equipments and technology market."
PerkinElmer India president Jai Shankar said: "Ironically, terrorist activities in India have created a huge demand for the portable health science technology equipments that can easily sense and warn the presence of explosive materials in the crowded areas. Over a period of time, the sale of such security devices is expected to increase in India."