The Indian in vitro diagnostics (IVD) market is valued at over $500 million in 2018 and is expected to reach $1 billion by 2026, growing at a compound annual growth rate of 19%. This remarkable growth can be attributed to increased healthcare awareness, a desire for preventive health checkups, the availability of disease-specific tests, and a shift from manual to more automated equipment. The market is led by global players and lacks local manufacturers who can develop their own products and technologies. The report analyzes the segments of the Indian IVD market and identifies drivers of growth as well as challenges that must be addressed for continued expansion.

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"Indian In Vitro Diagnostics Market Opportunity
Analysis 2018"

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The Indian IVD market is valued at more than US$ 500 Million, and
is expected to touch the US$ 1 Billion in 2016 growing steady at a
CAGR of 19%. This remarkable growth can be attributed to
increased healthcare awareness, desire to undergo preventive
health checkups, availability of disease specific tests, corporate
setups promoting health focus of employees, and drift from
manual to semi-automated and automated equipment.

3. Brief SummaryBrief Summary
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The Indian IVD market is valued at more than US$ 500 Million, and
is expected to touch the US$ 1 Billion in 2016 growing steady at a
CAGR of 19%. This remarkable growth can be attributed to
increased healthcare awareness, desire to undergo preventive
health checkups, availability of disease specific tests, corporate
setups promoting health focus of employees, and drift from
manual to semi-automated and automated equipment. Emergence
of new concepts like point of care testing, near patient testing,
increased automation, hospital laboratory management and
customer relationship management have revolutionized this
segment and contributed towards providing accurate and precise
diagnosis at much faster rates.
Apart from catering to people in the Tier I cities, IVD setups are
now eyeing expansion in the Tier II and Tier III cities. This can be
attributed to high revenue generating option that lie untapped in
these cities clubbed with minimum investment required in order to
generate high revenues.

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These IVD majors tie-up with the existing high reputation
laboratory adding value in terms of providing technical help as
well as contributing significantly in the advising physicians panel.
The Indian IVD market is led majorly by global players in absence
of necessary skills, technical knowhow and the infrastructure to
bear the high end costs for carrying out research and
development of own products possessed by local players. There
is massive prevalence of product imported either in finished form
or as Original Equipment Manufacturer (OEM) and lesser focus on
indigenous research. Market leaders usually offer competitive
prices and innovative technologies which have been in use in the
developed countries and have been absorbed on a gross scale.

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“Indian In Vitro Diagnostics Market Opportunity Analysis 2018”
research report by KuicK Research is an intriguing text that gives
detailed facts and analysis on latest developments in the Indian
IVD market landscape. Report discusses various segments of the
Indian IVD market and analyzes the factors responsible for the
growth and the need to resolve challenges to maintain growth
momentum in future.

6. Table of ContentsTable of Contents
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1. India IVD Market Overview
1.1 Current Market Scenario
1.2 Market Growth Drivers
1.3 Key Challenges to be Resolved
2. IVD Market by Device & Reagents
2.1 Immunochemistry
2.2 Biochemistry.
2.3 Hematology
2.4 Blood Gas & Electrolyte
2.5 Molecular Diagnostics
2.6 Urinalysis
2.7 Coagulation Analysis
2.8 Microbiology

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3. Emerging Market Trends
3.1 Rising Lab Automation
3.2 Transition towards preventive health checkups
3.3 Entry of Corporate Chains
4. India IVD Market Future Outlook
5. Regulation & Policy Framework
5.1 Registration of Imported IVD Reagents & Devices
5.2 Registration/ Re-Registration of Notified Medical Devices
5.3 Conducting Clinical Trials of Medical Devices
5.4 Import of Non-Notified Diagnostic Kits
5.5 Import of Notified Diagnostics Kits

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6. Competitive Landscape
6.1 Abbott Diagnostic
6.2 Agappe Diagnostics
6.3 Accurex Biomedical
6.4 Transasia Bio-Medicals
6.5 Roche Diagnostics

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https://www.reportscorner.com/reports/16265/Indian-In-Vitro-Diagnostics-Market-
Opportunity-Analysis-2018/

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