India Rapid IVD Kits Market Outlook 2022-2027 - A Highly Fragmented Market with SD Biosensor as the Market Leader
Dublin, Sept. 20, 2022 (GLOBE NEWSWIRE) -- The "India Rapid IVD Kits Market Outlook to FY'2027F" report has been added to ResearchAndMarkets.com's offering.
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
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.
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.
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.
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 Covid-19 Rapid Antigen Test Market Segmentation:
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.
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.
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.
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.
South Indian region dominated the rest in terms of total number of Covid-19 RAT test kits sold.
India Rapid IVD Kits Market Segmentation:
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
Majority of the entities in the India Rapid IVD Kits market are retailers followed by distributers and manufacturers.
India Rapid IVD Kits Market Overview
Supply Side Ecosystem for India Rapid IVD Kits Market
Demand Side Ecosystem for India Rapid IVD Kits Market
Business Cycle and Genesis of India Rapid IVD Kits Market
Timeline of Major Players in India Rapid IVD Kits Market
Value Chain Analysis
Market Opportunity and Analyst Recommendations
Key Enablers for Market Players to Drive the India IVD Kits Market in Future
Recommendation for Rapid IVD Kits Manufacturers
Success Case Study - CoviSelfTM Covid-19 RAT Kit
Comprehensive Analysis of Rapid IVD Kits Market Infrastructure
Monitory Levers for Manufacturers of India Rapid IVD Kits Market
Regulatory Framework in India Rapid IVD Kits Market
Regulatory Body for IVD Devices
Regulatory Process for Existing and New Rapid IVD Kits
License Process for Manufacturers of IVD Diagnostic Kits
License Process for Importers of IVD Diagnostic Kits
License Process for Importers and Manufacturers of New IVD Diagnostic Kits
Forms For CDSCO Applications for Importers and Manufacturers of Existing and New IVD Diagnostic Kits
Snapshot of Rural Healthcare System in India
Distribution of Rural Population per CHC, FY'2021
Distribution of Rural Population per SC, FY'2021
Distribution of Rural Population per PHC, FY'2021
State wise Number of SCs, PHCs & CHCs FUNCTIONING in Rural Areas in India, FY'2021
Companies Covered:
Rapid IVD Kits Manufacturers
SD Biosensor Healthcare Pvt. Ltd.
J. Mitra & Co. Pvt. Ltd.
Meril Diagnostic Pvt. Ltd.
Tulip Diagnostics Pvt. Ltd.
Oscar Medicare
Angstorm Biotech
Ubio Biotechnology Systems
Mylab Discovery Solutions Pvt. Ltd.
Alpine Biomedicals Pvt. Ltd.
Abbott
Mankind Pharma
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
Time Period Captured in the Report:
Historical Period: FY'2017-FY'2022
Forecast Period: FY'2022- FY'2027F
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
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
For more information about this report visit https://www.researchandmarkets.com/r/519e24
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900