The ongoing pandemic novel
coronavirus disease (COVID-19) is caused due to SARS-COV-2 and generally spreads
from animals to humans and then from humans to humans. The disease usually
spreads from the saliva droplets of the infected person or the nose discharges
of the infected person when they cough or sneeze. The first case of the disease
in India was reported on 30th January 2020, originating from China.
As of 20th April 2020, coronavirus cases in the country have grown
drastically with the total number of cases reaching 17,874 with around 14,406
active cases, 2,900 recoveries and around 568 deaths.
India coronavirus testing kits market
is expected to grow at a formidable rate during the forecast period. The India coronavirus
testing kits market is driven by the growing prevalence of the disease cross
different parts of the country. Additionally, India has been criticized so far
for conducting lesser number of tests as compared to other countries as a
result of which, the country has started up ramping up the testing procedure.
This in turn is expected to positively influence the growth of market over next
few years. Furthermore, introduction of ‘Made in India’ testing kits concept in
the country due to increase in the prevalence of disease and lack of testing
kits has spiked the number of pharmaceutical and biotechnology companies coming
up with their own testing kits. This is further spurring the market growth in
the country.
The India coronavirus testing kits
market is segmented based on type, use, full test time, technology, specimen
type, mobility, end user, company and region. Based on type, the market can be
bifurcated into molecular and serological tests. The serological tests segment
is expected to witness significant growth during the forecast period since
these tests are done using blood samples and they detect the antibodies
produced by the body against the virus. Such antibodies are present in an
individual who has just recovered from COVID-19. Furthermore, these tests are
helpful in determining patients with mild or no symptoms. Based on specimen
type, the market can be grouped into nose & throat swab, blood, sputum and
nasal aspirate. The nose & throat swab specimen type is expected to
dominate the market since these are the two prominent regions where the
coronavirus replicates and hence are preferred for taking the patients
specimens or sample.
Major players operating in the India
coronavirus testing kits market include Mylab, New Life Company, Cadila
Healthcare, Biocon (Syngene), Eris Lifesciences, Mylan, Gland Pharma, Medsource
Ozone Biomedicals, Helini Biomolecules, 3B BlackBio Biotech, Alpine Biomedicals,
Immunoscience, Nulife Care, Vanguard
Diagnostics, Voxtur Bio, CPC Diagnostics, HLL Lifecare and others. The
companies are developing advanced technologies and launching new services in
order to stay competitive in the market. Other competitive strategies include
mergers & acquisitions and new service developments. For instance, Noida
based company ‘New Life Company’ has developed a rapid antibody based testing
kit and has received approval from both ICMR and National Institute of
Virology. This testing kit will be one step detection based kit and will give
the results within 15 minutes. Additionally, it is simple to use, involves no
instrument and is cost-effective.
Years considered for this report:
Estimated Year: 2020
Forecast Period: 2021–2025
Objective of the
Study:
- To analyze and estimate the market size of India
coronavirus testing kits market from 2015 to 2018.
- To estimate and forecast the market size of India
coronavirus testing kits market from 2019 to 2025 and growth rate until
2025.
- To classify and forecast India coronavirus
testing kits market based on type, use, full test time, technology,
specimen type, mobility, end user, company and regional distribution.
- To identify dominant region or segment in the India
coronavirus testing kits market.
- To identify drivers and challenges for India coronavirus
testing kits market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
coronavirus testing kits market.
- To conduct pricing analysis in the India coronavirus
testing kits market.
- To identify and analyze the profile of leading
players operating in India coronavirus testing kits market.
- To identify key sustainable strategies adopted
by market players in India coronavirus testing kits market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of India coronavirus testing kits market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Coronavirus testing kits manufacturers,
suppliers, distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to coronavirus testing kits
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, partners, end users, etc., besides allowing
them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India coronavirus
testing kits market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- India Coronavirus Testing Kits Market, By Type:
- India Coronavirus Testing Kits Market, By Use:
- India Coronavirus Testing Kits Market, By Full
Test Time:
- 5 Minutes
- 5- 15 Minutes
- 15-60 Minutes
- 1 Hours- 5 Hours
- 5 Hours-12 Hours
- 12 Hours-24 Hours
- More Than 1 Days
- India Coronavirus Testing Kits Market, By
Technology:
- RT-PCR
- IgG
- IgM ELISA Test
- Microneutralization Assays
- India Coronavirus Testing Kits Market, By Specimen
Type:
- Nose & Throat Swab
- Blood
- Sputum
- Nasal Aspirate
- India Coronavirus Testing Kits Market, By Mobility:
- India Coronavirus Testing Kits Market, By End
User:
- Hospitals
- Public Health Labs
- Private or Commercial Labs
- Physician Labs
- Others
- India Coronavirus
Testing Kits Market, By Region:
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in India coronavirus testing kits market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India coronavirus testing
kits market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]