Press release
India Rapid IVD Kits Market Research Report, Size, Share, Trends, Demand, Growth, Revenue & Industry Analysis: Ken Research
According to ICMR, more than 3.1 crore of Covid-19 tests were performed in the first month of 2022, accounting for 0.6% of total tests conducted.
Till date, 17 Rapid Antigen based Home/Self-Testing Kits have been validated and are found to be satisfactory by ICMR, 2022
Rising awareness of Self Testing Kits: Growing awareness, pertaining to maintaining a healthy lifestyle and disease prevention and maintenance among the population across the country has led to an increase in demand for self-testing rapid IVD kits from end users, thereby supporting the market growth over the next few years.
Changing technological landscape: The Rapid IVD Kits market in India is characterized by intensive competitiveness. The technological landscape of the market is changing rapidly with automation, AI, IoT and advanced data analytics as manufacturers seek to sustain their presence and drive R&D and innovation. Hence, IVD test kits manufacturers have now started introducing automation in rapid diagnostic tests to meet the changing demand for diagnostics for end users such as public health corporations, clinical laboratories and POC diagnostic centers. Collaborations among market players to provide effective yet affordable products will create new transformative diagnostic technologies in near future.
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
Future of India Rapid IVD Kits Market: Rapid IVD Kits Market (Excluding Covid-19 Tests) in India is expected to grow at a double digit positive CAGR during FY'2022-FY'2027F. Increasing research and development activities for developing novel therapeutics for the treatment of various infectious, parasitology, enteric and other diseases across India is expected to propel the demand for rapid in-vitro diagnostic kits market. On the other hand, the Covid-19 Rapid Antigen Test Market is expected to grow at a negative CAGR during FY'2022-FY'2027F. Continuous technological innovations and rising demand for COVID-19 rapid kits will boost the market growth; however, increasing vaccination drives across the country will limit the market expansion over the coming years.
The report titled "India Rapid IVD Kits Market Outlook to FY'2027F - Driven by Rising Awareness of Rapid Diagnosis amid Pandemic along with growing R&D investments by Market Players aided with Government support" by Ken Research provides a comprehensive analysis of the potential of Rapid IVD Kits Industry in India. The report also covers overview and genesis of the industry, market size in terms of revenue generated and number of rapid kits supplied; market segmentation by type of test, by entity, by type of application, by mode of selling, by procurement, by type of end users, by region; challenges and bottlenecks, growth enablers and drivers; regulatory framework; competitive landscape including competition scenario, market shares of major operators on the basis of number of rapid kits supplied. The report concludes with future market projections of each product segmentation.
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
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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
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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Ken Research
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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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