India POCT Market will be Driven by Increasing Prevalence of Chronic Diseases Coupled with Rising Elderly Population in the Country: Ken Research

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“Rapid Technological Innovations in Medical Devices coupled with Cost Reduction in health Checkups and Quick Diagnosis has driven the POCT Market in India”

The report Titled “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” by Ken Research suggested that the POCT market in India has been growing due to the advancements in medical knowledge and rising R&D in this sector. Moreover, growing awareness and acceptability of POCT devices by individuals and hospitals have also led to the expansion in the market. The market is expected to register a positive CAGR of 11.9% in terms of revenue during the forecast period FY’2018-FY’2023E.

Increasing Number of POCT Companies: Number of companies has started venturing in India POCT market and with a vast scope of innovation and expansion; these new companies have been expanding their product lines into POCT device manufacturing. It has been observed that in FY’2018, over 40% of the companies have started producing these POCT devices domestically including companies such as Alere Medical, Trans Asia Medical, Siemens Healthineers, Trivitron Healthcare, J. Mitra & Co. Pvt. Ltd., UE Life science and others. However the majority of the POCT devices in India are still imported from countries such as the USA, China and Europe owing to better technology and the presence of manufacturing units of global companies.

Automation, miniaturization and diversification of Devices: Devices such as G-5 mobile continuous Glucose Monitoring System (approved by FDA) and Guardian Connect have started being used for monitoring the sugar level through a mobile application for smartphones in 2018, making it convenient for people to access the device through their mobile phones without a separate hardware monitor. The increasing usage of self-tracking devices such as wearable wristbands linked to cloud storage, sleep monitors, blood pressure cuffs and finger stick blood tests has started amongst a certain section of the Indian population which has further boosted the demand for POCT devices in India.

Improved and Combined Network for Data Management and Processing: The POCT devices have started being connected to separate data management systems so that there is centralized control over the data and it is easily accessible at all points of time through a web-based platform. Companies such as Seimens Healthineers, Hemocue, and Abott have connected POCT devices to their data management systems which have to lead to better monitoring of the patient's health by storing the results in a graphical or table format. In addition to this, POCT devices are being monitored and managed through the Laboratory Information System (LIS) and other networks.

Key Segments Covered:-

By Major Devices

Blood Glucose Testing Kits

Infectious Disease Testing Kits

Blood Gas Electrolytes

Pregnancy and Fertility Testing Kits

CardioMetabolic 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’2018-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

Keywords:-

AYUSH Registered Doctors India

Point of Care Testing Market India

Point of Care Testing Market in India

India Point of Care Testing Market Size

Point of Care Testing in India

India Rapid Diagnostic Testing

India POCT Devices Import

India POCT Devices Export

Pregnancy and Fertility Testing Kits India POCT

Pregnancy Test Kits Market India

Blood Glucose Monitoring System Market

Number of Diabetes Patients India

Diabetes Prevalence Rate India

Immunoassay Analyzers India

POCT Industry in India

POCT Market in India

For More Information, Refer To Below Link:-

India POCT Market Outlook

Related Reports by Ken Research:-

India Home Healthcare Market Outlook To 2023 - By Patient Profile (Elderly Care, Physiotherapy, Stroke Rehabilitation, Wound Care And Others); By Organized (Subscription And Non-Recurring Model) And Unorganized, By Major Cities

India Diagnostic Laboratories Market Outlook To 2021 Growing Prevalence Of Diseases And Launch Of Technologically Advanced Procedures To Drive Growth

Europe POCT Devices Market Outlook To 2022 - By Geography (Western Europe & Eastern Europe), By Product (Blood Glucose POCT, Infectious POCT, Cardiac POCT, Rapid Coagulation POCT, Blood Gas & Electrolytes POCT, Hematology POCT, Pregnancy POCT, Urinalysis POCT, Cholesterol POCT, Fecal Occult POCT, Hb1ac POCT & Drugs Of Abuse POCT), By Customer Segments (Hospitals & Clinics, Diagnostics Labs & Primary Care Units And Homecare & Patients)

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Ken Research
Ankur Gupta, Head Marketing & Communications
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