India In-Vitro Diagnostics Market Outlook
India In-Vitro Diagnostics Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024
Report Code :HC 1335
+1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991071-6331 sales@goldsteinresearch .com
99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
www.goldsteinresearch.com
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
India In-Vitro Diagnostics Market Size (USD Billion) & Growth Analysis India In-Vitro Diagnostics Market Size (USD Billion)-2016-2024
Sample Report
XX
XX
XX
XX
XX XX
XX
XX 2016e
2017e
Source: Goldstein Research
IVD Market
XX
m a S
XX
XX
XX
2018
2019
2020
e l p
XX
2021
XX
2022
XX
2023
XX
2024
is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, in-vitro diagnostics devices sales increased from XXXX units in 2015 to XXXX units in 2016. In-vitro diagnostics is an important segment in India healthcare industry. The marketplace is witnessed rapid growth supported by advancements in technologies, evolvement of new tools, improvement in disease monitoring, higher demand of OTC tests, increased prevalence of infectious and other diseases like oncology, cardiovascular etc. Traditional biosensors like glucose meters and glycohemoglobin test kits are commonly used for In Vitro Diagnosis of the disease and long-term management of diabetes. The increasing prevalence of diabetes and the demand for the diagnostic tests helps to drive the market and to go for new R&D in this sector to develop innovative products More than XX% of in-patients are ready to adopt In-vitro diagnostics due to their advantages such as cost effective diagnosis, ease of use and fast results. Moreover, the rising demand for portable In-vitro diagnostics in healthcare facilities across India is one of the major reason which is bolstering the growth of India In-vitro Diagnostics market. Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
India In-Vitro Diagnostics Market Outlook Fig: 17: India In-Vitro Diagnostics Market YO-Y Growth, 2016-2024
India In-Vitro Diagnostics Market Size USD (Billion). 2016-2024 XX XX
Sample Report XX% CAGR: (2016-2024)
XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX XX XX 2016e 2017e 2018f
2019f
Source: Goldstein Research
m a S 2020f
2021f
2022f
2023f
2024f
2017f
e l p
India In-Vitro Diagnostics Market India In-Vitro Diagnostics Market Share(%), By Product & ServicesShare(%), By Modality-2016 2016
9.00%
23.00%
13.00% 10.00% 8.00%18.00%
2020f
2021f
2022f
2023f
2024f
Y-O-Y and
XX% CAGR
XX%
India IVD Market Share(%), By EndUsers-2016
15.00% 40.00% 34.00%
30.00%
Immunochemistry
Clinical Chemistry
Hematology
Coagulation & Hemostasis
Clinical Microbiology
Molecular Diagnostics
Biochemistry
Others
Copyright
30.00%
40.00%
11.00%
Source: Goldstein Research
2019f
India In-Vitro Diagnostics market is growing at
Diagnostics Market
8.00%
2018f
Source: Goldstein Research
Immunochemistry accounted for the highest market share XX% in India In-Vitro
In 2016,
2016e
Products
Services
Source: Goldstein Research
All Rights Reserved, Goldstein Research
Reagents
11.00% Hospitals Research and Development Centers (R&D) Diagnostics/Pathology Labs Homecare Settings
Source: Goldstein Research
www.goldsteinresearch.com
India In-Vitro Diagnostics Market Outlook Sample Report India IVD market size was worth USD XX billion in 2016 and is expected to hit about USD XX billion by 2024. This increase in market is attributed to the increased demand of promising and novel diagnostics technologies, increased numbers of geriatric population and increasing awareness among the population regarding the early diagnosis of life threatening diseases.
Growing IT Healthcare
Overall the IVD market is dominated by six key players: Roche Diagnostics, Abbott Diagnostics, Siemens, Johnson & Johnson Medical Devices and Diagnostics, Beckman Coulter and BioMerieux. Smaller players tend to be highly specialized, as in the broader IVD market a lack of product differentiation makes scale economies essential.
e l p
Around 20–25% of the sector’s revenue generation capability comes from exposure to industrial (as opposed to clinical) end markets such as food testing, which often carries greater macroeconomic sensitivity
m a S
Rising inpatients
India poct market is estimated to be worth in excess of USD XX billion annually with growth estimated at XX% per annum. This is dominated by over-the-counter selftesting (USD XX billion), which is largely glucose testing and home pregnancy tests; professional POC testing is estimated to be worth in the country of USD XX billion annually, again dominated by glucose testing, with infectious disease testing comprising USD XX million annually.
The molecular diagnostics market at between USD XX and USD XX billion in annual India sales amounting to approximately XX% of the overall IVD market. With compounded annual growth estimated at XX–XX% between 2016 and 2024, molecular diagnostics is thought to be the fastest growing segment of the IVD market in the coming years.
India In-Vitro Diagnostics Market Size (USD Billion), By Modality 2016-2024 Immunochemistry
2016 2024 Copyright
USD XX Billion USD XX Billion
All Rights Reserved, Goldstein Research
Rising Diagnostic Laboratories
Rise in diabetic population
Hematology USD XX Billion
USD XX Billion www.goldsteinresearch.com
Advancement in In-Vitro Diagnostics
Growth Drivers Market Growth Induced By Clinical Growth, By Numbers
Even though 2015 and 2016 experienced slow growth in the IVD market over the past decade , experts predict the market will turnaround by 2014 and to reach annual growth of XX% by 2018.
Commercial labs not focused exclusively on molecular tests, for large companies, molecular testing accounts for about XX% percent of total revenues, so it's not as material as routine clinical testing. Molecular reimbursement rates that indicate that the cut in 2017 will be about XX% percent on average, which is still a significant number, but better than the initial XX% cut in 2015.
As the healthcare field continues to navigate uncertain and difficult terrain, companies that provide new tools for clinical labs must move swiftly to stay on top of emerging technologies and the latest clinical developments.
A rise in the number of insured in India will likely be compounded with other factors to revive the IVD market: a recovering economy, an aging population, and a rising middle class will combine to lift volumes and sales.
An emphasis on overutilization of testing and treatments, as well as a shift to a bundled payment model and accountable care organizations, could take away incentives that existed for unnecessary testing, and this will have an impact on volumes.
e l p
Population(Million) Aged 80 yrs. & over, India-2000-2050 India Population Aged 80yrs & over (Millions) 2050
2025
m a S XX
2000
XX
0 Source: XXX
50
100
150
Impact Analysis: Government funding for the advancement in healthcare sector and initiatives to promote healthcare across the globe is expected to positively impact on the growth of In-vitro diagnostics market.
200
250
300
350
All Rights Reserved, Goldstein Research
400
Impact on India In-Vitro Diagnostics Market High
Medium
Increase in aging population and focusing on fitness & healthy lifestyle is predicted to rise the In-vitro diagnostics market.
Copyright
XX
www.goldsteinresearch.com
Low
India In-Vitro Diagnostics Market Outlook By Clinical Chemistry: 2016-2024 India In-vitro Diagnostics Market Size (%) - By Clinical Chemistry, 2015-2016 XX%
XX%
XX%
Products
Reagents
Services
m a S
 India chemical chemistry and instrumentation market was evaluated to be USD XX billion in the year 2016 and is relied upon to grow XX% from 2016 to 2024 to reach USD XX billion. Spectrometry section has the biggest offer (XX%) trailed by chromatography (XX%) in the year 2016. The spectrometry market is driven by the coupling of mass spectrometry with chromatography techniques, growing XX% from 2012 to 2017.
e l p
Factors such as growing pharmaceutical R&D ventures, India In-vitro Diagnostics Market Y-O-Y (%) Growth Analysis, By expanding food safety concerns, availability of public and private Clinical Chemistry, 2015-2016 funding for life science research studies, innovative advancements in analytical instruments, and stringent drug development controls are propelling the development of the life science instrumentation market. Source: Goldstein Research
2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
2024f
Source: Goldstein Research
India In-Vitro Diagnostics Market, By Clinical Chemistry -2016 12 10 8 6
XX
XX
XX
XX
XX
XX
XX
XX
XX
4 2 0 2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
2024f
India In-Vitro Diagnostics Market Outlook Abbott (Company Overview & Business Strategy)
Founded 1888
Sample Report
Employees 94,000
Company Overview
Major Products
Abbott Laboratories, is an American multinational company engaged in development and manufacturing of health care products.
e l p
The Company operates through three geographic segments: Americas; Europe and Asia Pacific region.
Abbott Laboratories is traded on NYSE stock exchange, America
The company also provides generic pharmaceuticals, medical devices and nutrition products.
Abbott Point-of-Care manufactures diagnostic devices for blood analysis, that provides health care professionals diagnostic information at the point of patient care.
m a S
Website www.abbott.com
Headquarters U.S.
Abbott also provides cloud services to manage system infrastructure without additional hardware purchase and software installation.
Health and Dietary supplements
Starlims (Integrated Solutions)
Blood Glucose Monitoring Systems
I-Stat Systems
Chemistry Analyzers
Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/india-in-vitro-diagnostics-ivd-marketoutlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024
Similar Report: Sterility Testing Market
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
India In-Vitro Diagnostics Market Outlook
Sample Report
About us Connect With Us:
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Vision
Value
Visibility
About Us
Sample Report
Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence Indialy through our quality research and forecasting solutions.
With 30+ domain experts and 50+
employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
Vision
Value
Visibility
Contact Us: For Research & Sales Related Queries +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422 +91-991-071-6331 sales@goldsteinresearch.com
Corporate Office: 99 Wall Street, Suite No:527, New York, NY 10005 United States of America
Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India www.goldsteinresearch.com
Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com
India In-Vitro Diagnostics Market Outlook Sample Report
thAnk you Connect With Us:
Published By: Goldstein Research Copyright
All Rights Reserved, Goldstein Research
www.goldsteinresearch.com