- The elderly population in India is one of the target end-users for the home healthcare companies and overall POCT market in general. It has been anticipated that the elderly population in India will reach 146.1 Million by FY’2023E.
- More number of POCT devices will be connected to smartphones through mobile apps for easy access. The Smartphone users in India will increase at a CAGR of 5.4% during the period FY’2018-FY’2023.
- In the future, it is anticipated that the demand for Cardiometabolic Monitoring devices will be highest in the India POCT market as it will increase at a CAGR of 14.9% during the period FY’2018-FY’2023E.
Increasing Use of Blood Glucose Testing Kits: India has the highest number of Diabetic patients in the world and as per the International Federation of Diabetes; the numbers are likely to increase to 151 Million by 2025. In the future, it is expected that the usage of blood glucose testing kits will increase and reach up to 33.0% by FY’2023E. Increasing diabetes prevalence rate and the rise of sugar content in the packaged food industry have enabled the people to become proactive and keep a check on their Glucose levels, not just for treatment purposes but also as a preventive measure.
Upcoming New Technologies in Medical Devices: In the future, it is anticipated that Microfluidic technologies will enable ultra-small volumes of body fluid to be manipulated on disposable plastic cartridges which feature the thickness of a human hair. Introduction of miniaturized electronic components and sensors will enable highly portable instruments which will also enable the field testing through their small form factor and battery operation. The interface of such microfluidic technologies miniaturized electronic components and sensors with smartphones can enable home testing and the integration with healthcare apps. This confluence of technologies is likely to result in many new paradigms for testing over the next 5-10 years.
Analysts at Ken Research in their latest publication “India POCT Market Outlook to 2023 – By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy, and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region” believed that the POCT market in India will grow with increasing internet penetration, surging smartphones users, increasing awareness and acceptability of POCT devices by individuals and hospitals. The market is expected to register a positive CAGR of 11.9% in terms of revenue during the forecast period FY’2018-FY’2023.
Key Segments Covered:-
By Major Devices
Blood Glucose Testing Kits
Infectious Disease Testing Kits
Blood Gas Electrolytes
Pregnancy and Fertility Testing Kits
Cardio Metabolic Monitoring
Anticoagulant Management
Cholesterol Testing Kits
Others
By End Users
Hospitals & Clinics
Consumers/ Individuals
Diagnostic Labs
Home Healthcare
Others
By Distribution Channel
Distributors
Direct Sales
By Region
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
By Consumables and Instruments
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: FY’2013-FY’2018
Forecast Period: FY’2019-FY’2023
Companies Covered:
Abbott India Limited
Roche Diagnostics
Siemens Healthcare Private Limited
Beckman Coulter India Pvt. Ltd.
J Mitra & Co. Pvt. Ltd
Trans Asia Biomedical
Radiometer India
Bio-Rad Laboratories
DiaSys India
EKF Diagnostics
Renesas Electronics
Triviton Healthcare Private Limited
Becton Dickinson India Private Limited
India Medtronic Private Limited
Key Topics Covered in the Report
Value Chain Analysis of India POCT Market
Indian National Health Account Statistics
Market Overview and Genesis of India POCT Market
India POCT Market Size for the FY’2013- FY’2018
India POCT Market Segmentation by Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy, and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits, and Others)
India POCT Market Segmentation By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others)
India POCT Market Segmentation By Consumables and Instruments
India POCT Market Segmentation By Distribution Channel (Distributors and Direct Sales)
India POCT Market segmentation By Region (Tier 1, Tier 2 and Tier 3 Cities)
Government Regulations in the India POCT Market
Porter’s Five Force Analysis for India POCT Market
Competition Parameters and Company Profiles of Major Players in the India POCT Market
Strength and Weaknesses of Major Players in the India POCT Market
Funding and M&A Scenario in the India POCT Market
Trade Scenario in the India POCT Market
Trends and Developments in the India POCT Market
Issues and Challenges in the India POCT Market
Upcoming Technologies in the India POCT Market
India POCT Market Size- Future Outlook and Projections for the FY’2018- FY’2023E
Analysts Recommendations for the India POCT Market
For More Information on the Research Report, please refer to the below link:-
https://www.kenresearch.com/healthcare/medical-devices/india-poct-market/209287-91.html
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