IMARC Group, a leading market research company, has recently releases report titled India In Vitro Diagnostics Market Report by Test Type (Clinical Chemistry, Molecular Diagnostics, Immunodiagnostics, Hematology, and Others), Product (Reagents and Kits, Instruments), Usability (Disposable IVD Devices, Reusable IVD Devices), Application (Infectious Disease, Diabetes, Cancer/Oncology, Cardiology, Autoimmune Disease, Nephrology, and Others), End User (Hospitals Laboratories, Clinical Laboratories, Point-of-Care Testing Centers, Academic Institutes, Patients, and Others), and Region 2024-2032. The India in vitro diagnostics market size is projected to exhibit a growth rate (CAGR) of 7.10% during 2024-2032.
The increasing prevalence of chronic diseases is augmenting the demand for advanced diagnostic tools and techniques, propelling the growth of India in vitro diagnostics market. Furthermore, the escalating geriatric population which is more prone to developing chronic ailments is also catalyzing the growth of the market. In line with this, the escalating demand for preventive healthcare and early diagnostics propelled by a surge in lifestyle-related ailments like diabetes, hypertension, and cardiovascular diseases, is acting as another significant growth-inducing factor. Additionally, the heightened awareness about the importance of timely diagnostics, particularly due to the COVID-19 pandemic, has further accelerated market growth.
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India In Vitro Diagnostics Market Trends:
Apart from this, ongoing technological advancements in molecular and genetics testing, enhancing the accuracy and efficiency of diagnosis are creating a positive outlook for the overall market. Additionally, the adoption of automation and AI-driven tools to streamline diagnostic processes and deliver faster results is also catalyzing market growth. Moreover, the rising adoption of telemedicine and home healthcare services is further favoring the market growth.
Besides this, government initiatives to enhance healthcare infrastructure and improve accessibility, coupled with the expansion of health insurance coverage, have made diagnostic services more attainable. Furthermore, the rising preference for personalized medicine, tailored according to the unique genetic profiles of individual patients is acting as another prominent growth-inducing factor. Additionally, the expansion of diagnostic lab networks, and improving standardization and quality of diagnostic services across the country is anticipated to propel the growth of the India in vitro diagnostics market in the coming years.
India In Vitro Diagnostics Market Segmentation:
Test Type Insights:
- Clinical Chemistry
- Molecular Diagnostics
- Immunodiagnostics
- Hematology
- Others
Product Insights:
- Reagents and Kits
- Instruments
Usability Insights:
- Disposable IVD Devices
- Reusable IVD Devices
Application Insights:
- Infectious Disease
- Diabetes
- Cancer/Oncology
- Cardiology
- Autoimmune Disease
- Nephrology
- Others
End User Insights:
- Hospitals Laboratories
- Clinical Laboratories
- Point-of-care Testing Centers
- Academic Institutes
- Patients
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
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KeyHighlightsoftheReport:
MarketPerformance(2018-2023)
MarketOutlook(2024-2032)
MarketTrends
MarketDriversandSuccessFactors
ImpactofCOVID-19
ValueChainAnalysis
Comprehensivemappingofthecompetitivelandscape
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