India POCT Market Revenue is expected to Reach over INR 4,000 Crore by FY’2023: Ken Research

Key Findings
• The elderly population in India is one of target end users for the home healthcare companies and overall POCT market in general. It has been anticipated that elderly population in India will reach to 146.1 Million by FY’2023E.
• More number of POCT devices will be connected to smart phones through mobile apps for easy access. The Smartphone users in India will increase at a CAGR of 5.4% during the period FY’2018-FY’2023.
• In Future, it is anticipated that the demand of Cardio metabolic Monitoring devices will be highest in India POCT market as it will increase at a CAGR of 14.9% during the period FY’2018-FY’2023E.

Increasing Use of Blood Glucose Testing Kits: India has highest number of Diabetic patients in the world and as per the International Federation of Diabetes, the numbers are likely to increase to 151 Million by 2025. In future, it is expected that the usage of blood glucose testing kits will increase and reach upto 33.0% by FY’2023E. Increasing diabetes prevalence rate and rise of sugar content in packaged food industry have enabled the people to become proactive and keep a check on their Glucose levels, not just for treatment purposes but also as a preventive measure.
Upcoming New Technologies in Medical Devices: In future, it is anticipated that Microfluidic technologies will enable ultra-small volumes of body fluid to be manipulated on disposable plastic cartridges which features the thickness of a human hair. Introduction of miniaturized electronic components and sensors will enable highly portable instruments which will also enable the field testing through their small form factor and battery operation. The interface of such microfluidic technologies, miniaturized electronic components and sensors with smart phones can enable home testing and the integration with healthcare apps. This confluence of technologies is likely to result in many new paradigms for testing over the next 5-10 years.
Analysts at Ken Research in their latest publication “India POCT Market Outlook to 2023 - By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region” believed that the POCT market in India will grow with increasing internet penetration, surging smart phones users, increasing awareness and acceptability of POCT devices by individuals and hospitals. The market is expected to register a positive CAGR of 11.9% in terms of revenue during the forecast period FY’2018-FY’2023.

For more information, refer to below link:
https://www.kenresearch.com/healthcare/medical-devices/india-poct-market/209287-91.html

Key Segments Covered
By Major Devices
• Blood Glucose Testing Kits
• Infectious Disease Testing Kits
• Blood Gas Electrolytes
• Pregnancy and Fertility Testing Kits
• Cardio Metabolic Monitoring
• Anticoagulant Management
• Cholesterol Testing Kits
• Others
By End Users
• Hospitals & Clinics
• Consumers/ Individuals
• Diagnostic Labs
• Home Healthcare
• Others
By Distribution Channel
• Distributors
• Direct Sales
By Region
• Tier 1 Cities
• Tier 2 Cities
• Tier 3 Cities
By Consumables and Instruments

Key Target Audience
• Point of Care Companies
• Hospitals & clinics
• Government organizations
• Medical Devices and Equipments companies
• Home Healthcare Companies

Time Period Captured in the Report:
• Historical Period: FY’2013-FY’2018
• Forecast Period: FY’2019-FY’2023

Companies Covered:
• Abbott India Limited
• Roche Diagnostics
• Siemens Healthcare Private Limited
• Beckman Coulter India Pvt. Ltd.
• J Mitra & Co. Pvt. Ltd.
• Trans Asia Biomedical
• Radiometer India
• Bio Rad Laboratories
• DiaSys India
• EKF Diagnostics
• Renesas Electronics
• Triviton Healthcare Private Limited
• Becton Dickinson India Private Limited
• India Medtronic Private Limited
Key Topics Covered in the Report
• Value Chain Analysis of India POCT Market
• Indian National Health Account Statistics
• Market Overview and Genesis of India POCT Market
• India POCT Market Size for the FY’2013- FY’2018
• India POCT Market Segmentation by Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others)
• India POCT Market Segmentation By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others)
• India POCT Market Segmentation By Consumables and Instruments
• India POCT Market Segmentation By Distribution Channel (Distributors and Direct Sales)
• India POCT Market segmentation By Region (Tier 1, Tier 2 and Tier 3 Cities)
• Government Regulations in the India POCT Market
• Porter’s Five Force Analysis for India POCT Market.
• Competition Parameters and Company Profiles of Major Players in the India POCT Market
• Strength and Weaknesses of Major Players in the India POCT Market
• Funding and M&A Scenario in the India POCT Market
• Trade Scenario in the India POCT Market
• Trends and Developments in the India POCT Market
• Issues and Challenges in the India POCT Market
• Upcoming Technologies in the India POCT Market
• India POCT Market Size- Future Outlook and Projections for the FY’2018- FY’2023E
• Analysts Recommendations for the India POCT Market

Related Reports
https://www.kenresearch.com/healthcare/general-healthcare/india-home-healthcare-market/186924-91.html

https://www.kenresearch.ae/healthcare/diagnostics/india-diagnostic-lab-market-statistics/84893-91.html

https://www.kenresearch.com/healthcare/medical-devices/europe-poct-devices-market/149664-91.html

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