Future Outlook of India Point of Care Testing Devices Market: Ken Research

India's POCT Market is in the growing stage, being driven by rising investments in healthcare infrastructure and technological advancements. Major players in the market are Abbot India, Roche Diagnostics, and Siemens Healthineers.

Key Market Findings:

India has the second-highest diabetic population in the world with 77 million people diagnosed with diabetes.
Blood Glucose Testing kits are popular due to the continuous need to regularly monitor glucose levels in the blood.
India is one of the most affordable countries for expensive medical treatments. It is estimated that the cost of treatment in India is only about 10% - 20% of what similar treatments cost in the West and other countries.

Increasing awareness of personal health: The adoption of POCT in the nation has been made easier by the increased awareness of the treatment among medical professionals. It is also anticipated that the clinical research industry would open up new market prospects. Growing rates of chronic diseases including diabetes, cancer, and cardiovascular conditions will be significant contributors to POCT growth in India. Growing demand for personal health monitoring, home-based POCT adoption, and personalized medicine, which allows for more accurate illness diagnosis and treatment, will all be contributing to the growth of this market.

Promotion of Technology in Health Care: In India, the prevalence of chronic diseases like diabetes, hypertension, and obesity will increase. These conditions call for prompt diagnosis and treatment, which can be accomplished with the aid of POCT equipment. To encourage the use of technology in healthcare, the Indian government has also established the National Programme for Promotion of Technology in Health Care (NPPTHC). India has a sizable pool of IT specialists, which could be useful for creating cutting-edge POCT products in near future.

Automation and Diversification of Devices: Over the past five years, mobile labs have grown in popularity in India because they offer a convenient, affordable testing approach. Medical professionals can perform tests without a physical lab's assistance thanks to mobile labs. For monitoring the sugar level via a mobile application, devices like the G-5 mobile continuous Glucose Monitoring System (licensed by the FDA) and Guardian Connect have begun to be used. Self-tracking tools like wearable wristbands with cloud storage, sleep trackers, blood pressure monitors, and finger stick blood tests are also becoming more popular.

Analysts at Ken Research in their latest publication "India Point of Care Testing Devices Market Outlook to 2027F- Driven by the increasing incidence of chronic diseases, rising awareness of rapid diagnosis in India" observed that the India POCT Market is in a growing phase. Increasing awareness of the advantages of POCT, increasing use of smartphones and telemedicine, and growing healthcare infrastructure are some of the factors that will contribute to the India POCT Market over the period of 2022-2027F. It is expected that India's POCT Market will grow at a CAGR of 17.3% for the above-forecasted period.

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Key Segments Covered in the report

India POCT Market

Based on Devices

Blood Glucose Testing Kits
Cardio metabolic Monitoring
Infectious Disease Testing Kits
Blood Gas Electrolytes
Hormonal Testing Kits
Pregnancy Testing Kits
Coagulation Test
Others (Urinalysis Testing Kits, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Lipids, Tumor/Cancer Markers etc.)

Based on end-user

Hospital
Consumers/individuals
Diagnostic labs
Clinics
Home Healthcare
Others

By Type of Device

Consumables (cartridges, test strips etc.)
Instruments (Main Device)

By Mode of production

Import
Domestic Production

By Region of Sales

Tier-1
Tier-2
Tier-3

By Distribution Channel

Through Distributors to end users
Through Distributors to retailers
Directly

Key Target Audience

Point of Care Companies
Hospitals & Clinics
Government organizations
Medical Devices and Equipment companies
Home Healthcare Companies

Time Period Captured in the Report:

Historical Period: 2017-2022
Base Period: 2022
Forecast Period: 2022-2027F

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Companies Covered:

Abbott India Limited
Roche Diagnostics
Siemens Healthcare Private Limited
SD Biosensors
Beckman Coulter India Pvt. Ltd.
J Mitra & Co. Pvt. Ltd.
Trans Asia Biomedical
Bio Rad Laboratories
DiaSys India
EKF Diagnostic
Triviton Healthcare Private Limited
Becton Dickinson India Private Limited
India Medtronic Private Limited
Molbio

Key Topics Covered in the Report

Healthcare Industry Overview in India
Market Overview and Genesis of India POCT Market
The ecosystem of India POCT devices Market
Business Cycle and Value Chain Analysis of India POCT Market
Timeline of Major Players in India POCT Market
Market Sizing of India POCT Market, FY'2017-FY'2022
Market Segmentation of India POCT Market
Growth drivers of India POCT Market
Issues and Challenges in India POCT Market
Regulatory Framework of India POCT Market
Trends and Developments in India POCT Market
End User Analysis of India POCT Market
Competition Framework of India POCT Market
Future Outlook and Projections of India POCT Market, 2027F
Market Opportunity and Analyst Recommendations

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/healthcare/medical-devices/india-poct-market-outlook-to-2027/596242-91.html

Related Reports By Ken Research:-

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

https://www.kenresearch.com/healthcare/medical-devices/india-poct-market/209287-91.html

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.