India, Oct. 18 -- The Indian laboratory consumable industry supplies essential products to pharmaceutical companies, diagnostic laboratories, biotechnology businesses, universities, contract research organisations and hospitals. Many of the products are recurring use consumables, creating repeat demand as laboratories expand their testing and research activity. The Key growth drivers of the industry are research and development of Pharmaceutical companies for more drug development, clinical research and quality control testing creating demand for laboratory products. The biotechnology and biosimilar companies use these specialised consumables for cell culture, molecular biology and bioprocessing.

On the other hand, Diagnostic companies u...