The total number of scientific publications in drug discovery in India for 2023 stood at 1.9K, reflecting a year-on-year growth of 12.71%. Analyzing from 2013 to 2023, the industry experienced substantial fluctuations with notable declines in 2015, 2016, and 2017, followed by a robust recovery post-2017. The Compound Annual Growth Rate (CAGR) for the last five years is 7.21%, indicating healthy growth.
Future trends to watch include:
- Consistent upward trajectory from 2024, with an expected 2028 total of 2.28K publications.
- Anticipated CAGR of 2.88% over the next five years.
- Potential policy changes and funding allocations impacting research outputs.
- Technological advancements and international collaborations driving increases in publication rates.