India Dominates Global Outsourcing Market
India is entering the rapidly expanding market for weight loss drugs by producing low-cost generics. Experts suggest these generics could improve access for millions of patients suffering from obesity. However, questions remain regarding the safety and potential misuse of these medications. The surge in generic availability follows a global rush for weight loss treatments. The Philippines holds the second position with approximately 15 to 17 percent market share. The report notes that the labor workforce operates 24 hours a day, seven days a week. This dominance presents a competitive challenge to other industry participants. The source noted that competition is emerging to challenge these market positions.
Topics
Developing
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Sources · 7 independent
CNA938 Singapore
“India taps into the fast growing market amid a surge in low cost generics. Experts say it could improve access for millions of patients battling obesity.”
CNA938 Singapore
“India is by far the outsourcing leader, capturing an estimated 50 to 55 percent of the global market. The Philippines is second, with about 15 to 17 percent.”
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