India Post COVID Health Tests Market to Establish Growth Due to Rapid Technological Advancement Until FY2027
Increasing health concerns post COVID infection is
driving the growth if India Post COVID Health Tests Market, FY2017-FY2027.
According to TechSci report on, “India Post
COVID Health Tests Market
By
Type of Test (COVID-19 IgG Antibody Test, Hematology, Biochemistry Urea &
Electrolytes, Liver Function Tests, Kidney Function Tests, Others) By Provider
Type (Hospitals, Diagnostic chains, Stand-alone Centre) By End User (Corporate
Clients, Walk-ins, Referrals) By Region, Competition Forecast &
Opportunities, FY2027”, India
post COVID health tests market has shown promising growth in
historical years until FY2020 and is expected to continue its growth in
upcoming forecast years FY2023 to FY2027. India post COVID health tests market
owes its growth to the factors like growing need for effective and early
diagnosis for any adverse effects of the COVID-19 infection and vaccination.
Moreover, the rise in technological advancement in the health tests, growth in
the population being more aware about the need of early diagnosis of the
diseases is accelerating the growth of the India post COVID health tests
market, in the upcoming five years. Government initiatives and favorable
policies long with the funding for the healthcare industry that drives the
India post COVID health tests market toward a consistent growth. Market players
are creating merges and acquisitions for the development and distribution of
advanced post COVID health tests and the enhancement of post COVID health tests.
These factors are anticipated to surge the growth of India post COVID health
tests market in the next five years.
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COVID Health Tests Market"
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The India post COVID health
tests market is segmented by type of test, provider type, end user, regional
distribution, top 3 states analysis, and competitional landscape. Based on
provider type, the market is further segmented into hospitals, diagnostic
chains, and stand-alone center. Hospitals are anticipated to hold the largest
revenue shares of the market on the account of large population being admitted
in the hospitals for the viral infection treatment. The patients recovering
from the infection are influenced to take the tests to verify the presence of
antibodies such that further patients could be treated using the blood plasma
from the previously infected patient that contains the presence of COVID-19
immunoglobulin G antibodies.
Based on type of test, the
market is further bifurcated into COVID-19 IgG antibody test, hematology,
biochemistry urea & electrolytes, liver function tests, kidney function
tests, and others. COVID-19 IgG antibody test is anticipated to register
fastest growing CAGR in the upcoming five years on the account of surge in the
demand for the COVID-19 IgG antibodies in the patients that have already
recovered from the infection. COVID-19 Immunoglobulin G antibodies are the
immunoglobulin antibody proteins that are responsible for overcoming the
COVID-19 viral infection. With the help of self-sufficient immune system of the
body, these immunoglobulin antibodies are generated and help in protection
against the coronavirus. In some cases, the antibodies do not develop and the
patient suffering from the viral infection requires artificial transfer of the
plasma that contains higher concentration of the COVID-19 IgG and thus the test
is required to collect the blood plasma samples and thus aiding the growth of
the market.
Some of the top players in
the India post COVID health tests market is Dr. Lal Path Labs Limited,
Metropolis Healthcare Ltd., SRL Diagnostics Pvt Ltd., Thyro care Technologies
Limited, Max Healthcare Institute Limited, Apollo Hospitals Enterprise Ltd.,
Vijaya Diagnostic Centre Private Limited, Fortis Healthcare Limited, Max
Healthcare Institute Limited, Quest Diagnostics India Pvt Ltd, among others.
The companies are involving themselves into research and development for more
advanced medical devices. Post COVID Health Tests are diagnostic imaging
products and are in demand owing to the need of the healthcare industry. New
players entering the market may form partnerships with other players or the end
users of the industry for a consistent inflow of the product.
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“Post COVID health
tests are one of the most important diagnostic procedures to assist the impact
of COVID-19 virus on the population in the country. Market players are
constantly researching and developing the technologically advanced tests to
provide more efficient, cost-effective tests and processes that give early and
efficient diagnosing of the target and chronic condition that may have evolved
due to the infection, or the vaccination process. Government support toward the
research and development is also one of the major drivers of the market. New
players can focus on the investments and on the market launches of the
technologically advanced tests,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Post COVID Health
Tests Market By Type of Test (COVID-19 IgG Antibody Test, Hematology,
Biochemistry Urea & Electrolytes, Liver Function Tests, Kidney Function
Tests, Others) By Provider Type (Hospitals, Diagnostic chains, Stand-alone
Centre) By End User (Corporate Clients, Walk-ins, Referrals) By Region,
Competition Forecast & Opportunities, FY2027” has evaluated the
future growth potential of India post COVID health tests 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 post COVID health tests market.
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