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Vendors are increasingly outsourcing parts of their manufacturing process to Asian countries such as China and India because of the low cost of production in these countries.
As the markets of India and China are providing cost-efficient standard healthcare solutions, many foreign companies are outsourcing their business to these countries.
Prior to joining MarketsandMarkets, he served leading pharmaceutical client of WNS Global Services (A leading knowledge processing outsourcing company) for close to one year.
Rise in outsourcing of clinical trials to CROs by pharmaceutical companies is stimulating the growth of this market.