- The GOI announced ₹ 64,180 crore outlay for the healthcare sector over six years in the Union Budget 2021-22 to strengthen the existing “National Health Mission”.
- According to ICMR, more than 3.1 crore of Covid-19 tests were performed in the first month of 2022, accounting for 0.6% of total tests conducted.
- Till date, 17 Rapid Antigen based Home/Self-Testing Kits have been validated and are found to be satisfactory by ICMR, 2022
Rising awareness of Self Testing Kits: Growing awareness, pertaining to maintaining a healthy lifestyle and disease prevention and maintenance among the population across the country has led to an increase in demand for self-testing rapid IVD kits from end users, thereby supporting the market growth over the next few years.
Changing technological landscape: The Rapid IVD Kits market in India is characterized by intensive competitiveness. The technological landscape of the market is changing rapidly with automation, AI, IoT and advanced data analytics as manufacturers seek to sustain their presence and drive R&D and innovation. Hence, IVD test kits manufacturers have now started introducing automation in rapid diagnostic tests to meet the changing demand for diagnostics for end users such as public health corporations, clinical laboratories and POC diagnostic centers. Collaborations among market players to provide effective yet affordable products will create new transformative diagnostic technologies in near future.
Future of India Rapid IVD Kits Market: Rapid IVD Kits Market (Excluding Covid-19 Tests) in India is expected to grow at a double digit positive CAGR during FY’2022-FY’2027F. Increasing research and development activities for developing novel therapeutics for the treatment of various infectious, parasitology, enteric and other diseases across India is expected to propel the demand for rapid in-vitro diagnostic kits market. On the other hand, the Covid-19 Rapid Antigen Test Market is expected to grow at a negative CAGR during FY’2022-FY’2027F. Continuous technological innovations and rising demand for COVID-19 rapid kits will boost the market growth; however, increasing vaccination drives across the country will limit the market expansion over the coming years.
The report titled “India Rapid IVD Kits Market Outlook to FY’2027F – Driven by Rising Awareness of Rapid Diagnosis amid Pandemic along with growing R&D investments by Market Players aided with Government support” by Ken Research provides a comprehensive analysis of the potential of Rapid IVD Kits Industry in India. The report also covers overview and genesis of the industry, market size in terms of revenue generated and number of rapid kits supplied; market segmentation by type of test, by entity, by type of application, by mode of selling, by procurement, by type of end users, by region; challenges and bottlenecks, growth enablers and drivers; regulatory framework; competitive landscape including competition scenario, market shares of major operators on the basis of number of rapid kits supplied. The report concludes with future market projections of each product segmentation.
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
- 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
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- 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
Time Period Captured in the Report:
- Historical Period: FY’2017-FY’2022
- Forecast Period: FY’2022– FY’2027F
Companies Covered:
Rapid IVD Kits Manufacturers
- SD Biosensor Healthcare Pvt. Ltd.
- Mitra & Co. Pvt. Ltd.
- Meril Diagnostic Ltd.
- Tulip Diagnostics Ltd.
- Oscar Medicare
- Angstorm Biotech
- Ubio Biotechnology Systems
- Mylab Discovery Solutions Pvt. Ltd.
- Alpine Biomedicals Pvt. Ltd.
- Abbott
- Mankind Pharma
Key Topics Covered in the Report
- India Rapid IVD Kits Market Overview
- India Covid-19 Rapid Antigen Test Market Overview
- Supply Side Ecosystem of India Rapid IVD Kits Market
- Demand Side Ecosystem of India Rapid IVD Kits Market
- Snapshot of Rural Healthcare System in India
- Snapshot of Covid-19 in India
- Regulatory Framework for India Rapid IVD Kits Market
- Enablers and Growth Drivers in India Rapid IVD Kits Market
- Key Trends in India Rapid IVD Kits Market
- Major Challenges and Bottlenecks in India Rapid IVD Kits Market
- Porter’s Five Forces Analysis on India Rapid IVD Kits Market
- Offline and Online Tender Process for India Rapid IVD Kits Market
- End User Customer Preference in India Rapid IVD Kits Market
- Key Barriers faced by Companies to Access the India IVD Kits Market
- License Process for Importers and Manufacturers of Existing and New IVD Diagnostic Kits
- Competitive Landscape in India Rapid IVD Kits Market
- Detailed Analysis on India Rapid IVD Kits Market (Market Size, FY’2017-FY’2022; Market Segmentation; Future Market Size, FY’2027F)
- Detailed Analysis on India Rapid IVD Kits Market (Excluding Covid-19 Tests) (Market Size, FY’2017-FY’2022; Market Segmentation; Market Shares; Competition; Future Market Size, FY’2027F)
- Detailed Analysis on India Covid-19 Rapid Antigen Test Market (Market Size, FY’2017-FY’2022; Market Segmentation; Market Shares; Competition; Future Market Size, FY’2027F)
- Competitive Landscape in India Rapid IVD Kits Market
- Analyst Recommendations
For more information on the research report, refer to below link:
India Rapid IVD Kits Market Major Players
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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
