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India Rapid IVD Kits Market Outlook to FY'2027F, Research Report, and Industry Analysis 2021-2027: Ken Research
Detailed Analysis on the India Rapid IVD Kits Market:
India Rapid IVD Kits market is growing at a steady rate over the past few years, supported by increase in population in the country along with the awareness and acceptance of using rapid IVD Kit test for disease diagnosis owing to the Covid-19 pandemic crisis.
India Rapid IVD Kits market is highly fragmented market with SD Biosensor as the market leader owing to the high sales volume of rapid ivd test kits; followed J. Mitra & Co and Meril Diagnostic as the major local manufacturers in the market. The India Rapid IVD Kits Market also includes other major manufacturers such as Oscar Medicare, Abbott, Mankind Pharma, Angstrom Biotech, Mylab Discovery Solutions and more.
Improvement in healthcare infrastructure is also going to generate demand for such products in India. Going forward, rising demand for antibody tests, common/overlapping symptoms, impact of coronavirus, aging population, technological advances, increase in healthcare access, rising prevalence of chronic diseases and increasing adoption of self-testing kits over large number of diseases will drive the growth.
India Rapid IVD Kits Market Segmentations:
By Type of Tests:
Covid-19 Rapid Antigen Tests have dominated the market against Rapid IVD Tests owing to the shift in the focus from centralized testing to point-of-care testing and the emergence of the COVID-19 pandemic
By Type of Entity:
Majority of the entities in the India Rapid IVD Kits market are retailers followed by distributers and manufacturers.
Detailed Analysis on the India Rapid IVD Kits Market (Excluding Covid-19 Tests):
Emerging technological innovations in healthcare, such as bio-sensors, lab-on-a-chip, wearable devices, and POC diagnostics are increasingly becoming an important part of the healthcare landscape adding tailwinds to the rapid ivd kits market sector.
India Rapid IVD Kits industry (ex. Covid-19 test market) is expected to grow at a steady growth rate with a CAGR of 19.9% over the forecasted period FY'2022-FY'2027F. Factors, such as large outbreaks of bacterial and viral epidemics in India, increasing demand for point-of-care diagnostics, and rapidly evolving technology, are driving the growth of the molecular diagnostics segment.
India Rapid IVD Kits Market Segmentations (Excluding Covid-19 Tests):
By Type of Tests:
In House Cassettes contributed majority percentage share in terms of total number of rapid ivd tests supplied in comparison to Dipstick tests in India.
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/diagnostics/india-rapid-ivd-kits-market-outlook-to-2027/561417-91.html
By Type of Application:
Parasitological tests kits dominated the other tests by application in this segment due to the high parasitology disease prevalence across the country.
By Parasitology Diseases Tests:
Malaria rapid test kits contributed major chuck of share to this segment in terms of total number of parasitology disease test kits supplied.
By Infectious Diseases Tests:
HIV and HCV rapid test kits contributed major share to this segment in terms of total number of infectious disease test kits supplied.
By Enteric Diseases Tests:
Cholera and Typhoid rapid test kits contributed major share to this segment in terms of total number of enteric disease test kits supplied.
By Fertility Marker Tests:
Majority of the segment is dominated by Pregnancy-HCG Tests in comparison to LH and FSH rapid fertility tests.
By Cardiac Marker Tests:
Troponin 1 cardiac marker Test kits contributed majority percentage share in terms of total number of rapid tests supplied in comparison to Myoglobin cardiac marker tests owing to their high standards and sensitivity.
By Procurement:
Majority of the rapid ivd test kits are domestically manufactured whereas sourcing of raw materials is done via procurement from foreign countries to India.
By Mode of Selling:
Distributor Mediates mode of selling rapid ivd testing kits dominated direct sales-mode of selling as majority of end users are hospitals and other institutions.
By Type of End Users:
Public Health Corporations contributed majority of share in this segment in in comparison to other end users in terms of total number of rapid ivd test kits supplied.
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By Region:
South Indian region dominated the rest in terms of total number of rapid ivd test kits supplied.
Detailed Analysis on the India Covid-19 Rapid Antigen Test Market:
The emergence of rapid POC technologies enabled facilities to optimize workflows and decreased labor requirements to process a higher sample load. For instance, due to the large-scale infection and strong transmissibility of COVID-19, high-throughput sequencing tools and automatic lab capacity became key factors of rapid diagnosis. India Rapid IVD Kits industry (ex. Covid-19 test market) is expected to grow at a CAGR of -32.1% over the forecasted period FY'2022-FY'2027F owing to the rising vaccination drives across the country, increasing testing capacity of diagnostic centers and surging awareness against the Covid-19 infection.
India Covid-19 Rapid Antigen Test Market Segmentations:
By Type of Tests:
In House Cassettes contributed majority percentage share in terms of total number of Covid-19 RAT tests sold in comparison to Dipstick tests in India.
By Procurement:
Majority of the Covid-19 RAT test kits are domestically manufactured whereas sourcing of raw materials is done via procurement from foreign countries to India.
By Mode of Selling:
Distributor Mediates mode of selling Covid-19 RAT test kits dominated direct sales-mode of selling as majority of end users are hospitals and other institutions.
By Type of End Users:
Public Health Corporations contributed majority of share in this segment in in comparison to other end users in terms of total number of Covid-19 RAT test kits sold.
By Region:
South Indian region dominated the rest in terms of total number of Covid-19 RAT test kits sold.
Key Segments Covered
India Rapid IVD Test Kits Market
By Type of Tests
Rapid IVD Tests (Excluding Covid-19 Tests)
Covid-19 Rapid Antigen Tests
By Type of Entity
Manufactures
Distributors
Retailers
India Rapid IVD Test Kits Market on the basis of total number of tests supplied
By Type of Tests
In House Cassettes
Dipsticks
By Applications
Parasitology Disease Tests
Infectious Disease Tests
Enteric Disease Tests
Miscellaneous Tests
Cardiac Markers
Fertility Markers
By Parasitology Disease Tests
Malaria Rapid Test
Dengue Rapid Test
Chikungunya Rapid Test
Leishmaniasis (Kala azar) Rapid Test
By Infectious Disease Tests
HIV Rapid Test
HCV Rapid Test
Syphilis Rapid Test
HBsAg Rapid Test
RIDT's Test (Influenza a/b)
By Enteric Disease Tests
Cholera Rapid Test
Typhoid Rapid Test
H-Pylori Rapid Test
ROTA Rapid Test
By Cardiac Marker Tests
Troponin I Rapid Test
Myoglobin Rapid Test
By Fertility Marker Tests
Pregnancy (HCG) Rapid Test
LH Rapid Test
FSH Rapid Test
By Procurement
Domestically Manufactured
Imported
By Mode of Selling
Distributor Mediates
Direct Sales
By Type of End Users
Public Health Corporations
Pathology & Clinical Laboratories
Private Hospitals
Self-Testing Kits
By Region
South India
North India
East India
West India
Request for Sample Report @
https://kenresearch.com/sample-report.php?Frmdetails=NTYxNDE3
India Covid-19 Rapid Antigen Test Market on the basis of total number of tests sold
By Type of Tests
In House Cassettes
Dipsticks
By Procurement
Domestically Manufactured
Imported
By Mode of Selling
Distributor Mediates
Direct Sales
By Type of End Users
Public Health Corporations
Pathology & Clinical Laboratories
Private Hospitals
Self-Testing Kits
By Region
South India
North India
East India
West India
Key Target Audience
Rapid IVD Kits Manufacturers
Rapid IVD Kits Distributors
Rapid IVD Kits Retailers
Public Health Corporations
Pathology & Clinical Laboratories
Private Hospitals
Independent Reference Laboratories
Diagnostic Laboratories
Pathology Laboratories
Clinical Laboratories
Healthcare Institutions
Research Institutes
Market research and Consulting firms
Time Period Captured in the Report:
Historical Period: FY'2017-FY'2022
Forecast Period: FY'2022- FY'2027F
Companies Covered:
Rapid IVD Kits Manufacturers
SD Biosensor Healthcare Pvt. Ltd.
Mitra & Co. Pvt. Ltd.
Meril Diagnostic Ltd.
Tulip Diagnostics Ltd.
Oscar Medicare
Angstorm Biotech
Ubio Biotechnology Systems
Mylab Discovery Solutions Pvt. Ltd.
Alpine Biomedicals Pvt. Ltd.
Abbott
Mankind Pharma
Key Topics Covered in the Report
India Rapid IVD Kits Market Overview
India Covid-19 Rapid Antigen Test Market Overview
Supply Side Ecosystem of India Rapid IVD Kits Market
Demand Side Ecosystem of India Rapid IVD Kits Market
Snapshot of Rural Healthcare System in India
Snapshot of Covid-19 in India
Regulatory Framework for India Rapid IVD Kits Market
Enablers and Growth Drivers in India Rapid IVD Kits Market
Key Trends in India Rapid IVD Kits Market
Major Challenges and Bottlenecks in India Rapid IVD Kits Market
Porter's Five Forces Analysis on India Rapid IVD Kits Market
Offline and Online Tender Process for India Rapid IVD Kits Market
End User Customer Preference in India Rapid IVD Kits Market
Key Barriers faced by Companies to Access the India IVD Kits Market
License Process for Importers and Manufacturers of Existing and New IVD Diagnostic Kits
Competitive Landscape in India Rapid IVD Kits Market
Detailed Analysis on India Rapid IVD Kits Market (Market Size, FY'2017-FY'2022; Market Segmentation; Future Market Size, FY'2027F)
Detailed Analysis on India Rapid IVD Kits Market (Excluding Covid-19 Tests) (Market Size, FY'2017-FY'2022; Market Segmentation; Market Shares; Competition; Future Market Size, FY'2027F)
Detailed Analysis on India Covid-19 Rapid Antigen Test Market (Market Size, FY'2017-FY'2022; Market Segmentation; Market Shares; Competition; Future Market Size, FY'2027F)
Competitive Landscape in India Rapid IVD Kits Market
Analyst Recommendations
For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/diagnostics/india-rapid-ivd-kits-market-outlook-to-2027/561417-91.html
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https://www.kenresearch.com/healthcare/medical-devices/clinical-diagnostics-medical/519530-91.html
https://www.kenresearch.com/healthcare/diagnostics/in-vitro-diagnostics-market/209281-91.html
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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.
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