India In Vitro Diagnostics Market to Grow at a Steady Rate During the Forecast Period
Surge in number of in vitro
diagnostic tests is expected to drive the growth of India In vitro Diagnostics
market during the forecast period.
According to
TechSci Research report, “India In Vitro Diagnostics Market By Product (Instrument,
Reagent, Other Products), By Test Type (Clinical Chemistry, Molecular
Diagnostics, Haematology, Immuno Diagnostics, Other Types), By Usability
(Disposable In Vitro Diagnostics Devices, Reusable In Vitro Diagnostics
Devices), By Application (Infectious Disease, Diabetes, Oncology, Cardiology,
Autoimmune Disease, Nephrology, Others), By End User (Diagnostic Laboratories,
Hospitals & Clinics, Others), By Company, By Region, Forecast &
Opportunities, FY2026”, the India In Vitro
Diagnostics market is expected to grow at a steady rate during the forecast period.
Existence of several research organizations providing consulting services,
clinical research, and laboratory testing owing to high demand for rapid
diagnosis and treatments is projected to act as major market driving factor.
Moreover, surging use of personalized medicines for treating a number of
chronic diseases such as cancer is further expected to fuel the market growth
through FY2026. Furthermore, increased availability of over the counter tests
is further estimated to boost the growth of India In Vitro Diagnostics market. Increased
government funding in healthcare sector for providing education regarding In Vitro
Diagnostics tools is further expected to drive the market growth during the
forecast period. However, inadequate reimbursement can restrict the market
growth over the next few years. Moreover, stringent
government regulations can further hinder the market growth during the forecast
period.
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The India
In Vitro Diagnostics market is segmented based on product, test type,
usability, application, end user, company, and region. Based on end user, the
market can be fragmented into diagnostic laboratories, hospitals & clinics,
others. The hospitals & clinics segment dominated the market in terms of
major market share and is expected to maintain its market position in the
forthcoming years as well. This dominance is due to growing need for immense
amount of diagnostic testing in order to support a clinical decision for
improving patient recovery. Based on application, the market can be categorized
into infectious disease, diabetes, oncology, cardiology, autoimmune disease,
nephrology, others. Among these, the infectious disease segment is expected to dominate
the market over the forecast period which can be accredited to upsurge in prevalence
of infectious diseases in the country like pneumonia, tuberculosis, AIDS, and
HIV.
Ortho Clinical
Diagnostics India Private Limited, Danaher (DHR) Holding India Pvt Limited,
Roche Diagnostics India Pvt. Ltd., Abbott India Limited, Transasia Bio-Medicals
Ltd., bioMérieux India Limited, Becton Dickinson Private Limited, Thermo Fisher
Scientific India Pvt. Ltd., Siemens Healthineers India Pvt. Ltd., Sysmex India Pvt. Ltd and others are
some of the leading players operating in India In Vitro Diagnostics market. Companies operating in the market are using organic
strategies such as product launches, mergers acquisitions and research
collaborations to boost their share and increase their geographic reach.
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“India In Vitro Diagnostics
market is expected to witness steady growth during the forecast period on
account of rising demand for point-of-care In Vitro Diagnostic devices. Along
with this, increased adoption of In Vitro Diagnostic instruments/devices by healthcare
professionals due to their conveniency, is further forecast to bode well for
the growth of In Vitro Diagnostics market in the country. Moreover, surging
awareness about disease diagnosis is further expected to create lucrative
opportunities for growth for India In Vitro Diagnostics market over the next
five years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India In Vitro Diagnostics Market By Product (Instrument,
Reagent, Other Products), By Test Type (Clinical Chemistry, Molecular
Diagnostics, Haematology, Immuno Diagnostics, Other Types), By Usability
(Disposable In Vitro Diagnostics Devices, Reusable In Vitro Diagnostics
Devices), By Application (Infectious Disease, Diabetes, Oncology, Cardiology,
Autoimmune Disease, Nephrology, Others), By End User (Diagnostic Laboratories,
Hospitals & Clinics, Others), By Company, By Region, Forecast &
Opportunities, FY2026”, has evaluated
the future growth potential of India In Vitro Diagnostics market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India In Vitro Diagnostics market.
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