Rapid Digitalization: Technological advancements such as rapid test kits for IVD industry has expanded at an astounding rate in recent years. Manufacturers are more focused on automated instruments due to their high efficiency, versatility and robust application while reducing batch testing and hands on time to perform quick runs against non-automated tools. The discovery of new biomarkers to diagnose various diseases, especially cancer, has also brought about revolutionary changes in rapid diagnosis applications.
Growing Medical Tourism: Due to the low-cost treatments available in India, the Indian medical tourism industry ranks at 10th largest out of the top 46 countries in the world, with most of the people visiting major leading states Karnataka, New Delhi and Kerala for medical treatment every year. The increasing medical tourist flow is driving the demand for quality healthcare services, rapid diagnostic solutions and technology.
Regulatory Processes for High/Moderate Complexity Rapid Tests: Regulatory approval processes for diagnostic devices and tests are tedious. Regulatory approval includes a review of the clinical data, calibration, manufacturing methods, quality control, risk assessment, and other factors to ensure the devices’ reproducibility and safety. Hence, many Manufacturers refuse to perform the complex tests in POC settings.
Promising Government Initiatives against Covid-19 Impact: The Indian Government took major initiatives such as Emergency Package, AB PM-JAY and efforts from AYUSH Ministry to fight against Covid-19 crisis. The Cabinet has approved ₹ 23,123.0 crores in 2021; to prevent, detect and respond to the continuing threat posed by COVID-19 and strengthen national health systems for preparedness in India. The Government of India has also approved the continuation of Centrally Sponsored Scheme of National AYUSH Mission (NAM) from 1st April 2021 to 31st March 2026 with a financial implication of ₹ 4607.3 Crore.
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
- By Procurement
- Domestically Manufactured
- Imported
- By Mode of Selling
- Distributor Mediates
- Direct Sales
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- 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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