India In Vitro Diagnostics Market Size, Share & Forecast 2026 | TechSci Research

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

FY2016 – FY2026

INDIA IN-VITRO DIAGNOSTICS MARKET

FORECAST & OPPORTUNITIES

2© TechSci Research

Scope of ReportProduct of Interest (POI): In-Vitro Diagnostics

Review Period

FY2016 – FY2019

Base Year

FY2020

Estimated Year

FY2021

Forecast Period

FY2021 – FY2026

Year Range

In vitro diagnostics are tests done on samples such as blood or tissuethat have been taken from the human body. In vitro diagnostics candetect diseases or other conditions, and can be used to monitor aperson's overall health to help cure, treat, or prevent diseases.

Market Segmentation

REGION

• North

• East

• West

• South

END USER

• Diagnostic

Laboratories

• Hospitals & Clinics

• Others

• Instrument

• Reagents

• Others

PRODUCT

TEST TYPE

• Clinical Chemistry

• Molecular Diagnostics

• Hematology

• Immuno Diagnostics

• Others

• Disposable IVD

Devices

• Reusable IVD

Devices

USABILITY

APPLICATION

• Infectious Disease

• Diabetes

• Oncology

• Cardiology

• Autoimmune Disease

• Nephrology

• Others


Table of Contents

S. No. Contents Page No

1. Product Overview (Definition of product and major terminologies used in the report)

2.Research Methodology (Detailed description of the methodology used to conduct the research,Raw data backup, list of all secondary sources, List of respondents for primary surveys)

3. Impact of COVID-19 on India In-Vitro Diagnostics Market

4. Executive Summary

5. Voice of Customer

6. India In-Vitro Diagnostics Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product (Instrument, Reagent, Others)

6.2.2.By Test Type (Clinical Chemistry, Molecular Diagnostics, Hematology, ImmunoDiagnostics, Others)

6.2.3. By Usability (Disposable IVD Devices, Reusable IVD Devices)

6.2.4.By Application (Infectious Disease, Diabetes, Oncology, Cardiology, Autoimmune Disease, Nephrology, Others)

6.2.5. By End User (Diagnostic Laboratories, Hospitals & Clinics, Others)

6.2.6. By Region (North, East, West, South)

6.2.7. By Company (FY2020)

6.3. Product Market Map

7. North India In-Vitro Diagnostics Market Outlook


7.1.1. By Value


7.2.1. By Product


Table of Contents

S. No. Contents Page No.

7.2.2. By Test Type

7.2.3. By Usability

7.2.4. By Application

7.2.5. By End User

8. South India In-Vitro Diagnostics Market Outlook


8.1.1. By Value


8.2.1. By Product

8.2.2. By Test Type

8.2.3. By Usability


8.2.5. By End User

9. East India In-Vitro Diagnostics Market Outlook


9.1.1. By Value


9.2.1. By Product

9.2.2. By Test Type

9.2.3. By Usability


9.2.5. By End User

10. West India In-Vitro Diagnostics Market Outlook


Table of Contents



10.1.1. By Value


10.2.1. By Product

10.2.2. By Test Type

10.2.3. By Usability


10.2.5. By End User

11. Market Dynamics (This chapter assesses the major demand drivers and restraints.)

11.1. Drivers

11.2. Challenges

12.Market Trends and Developments (This section captures recent trends pertaining to manufacturingor consumption, market movements in terms of points of production and consumption,advancements and development)

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles (Top 10 Leading Companies)

15.2.1. Company Details

15.2.2. Products & Services

15.2.3. Financials (As Reported)

15.2.4. Key Market Focus & Geographical Presence

15.2.5. Recent Developments


Table of Contents


15.2.6. Key Management Personnel

16.Strategic Recommendations (Based on the findings of the report strategic recommendations on howto enter and expand market share)

17. About Us & Disclaimer

RESEARCH METHODOLOGY

8

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in India in-vitro diagnostics

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about India in-vitro diagnostics

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

9


Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of India in-vitro diagnostics market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as rising patients of chronic and infectious diseases.

The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in

India in-vitro diagnostics market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as in-vitro diagnostics companies, channel partners,

end-user industry experts, and other industry participants.

• The team interviewed more than 15-20 in-vitro diagnostics companies, 100 – 120 end use industries, and 15 – 20 industry experts and other value

chain stakeholders in India In-Vitro Diagnostics market to obtain the overall market size for FY2016-FY2020, which was validated by the Delphi

technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2016-FY2020.

10


• Respondents were asked about the current and future market growth rates, market shares by product, by test type, by usability, by application, by

end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were

further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by product, by test type, by usability, by application, by end user, by region and by company were calculated based on the responses

received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from

various segments of India in-vitro diagnostics market. The final shares were calculated by taking the geometric mean of the responses gathered

from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India In-Vitro

Diagnostics market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

11


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted that the figures

compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Ortho Clinical Diagnostics India Private Limited

▪ Roche Diagnostics India Pvt. Ltd.

▪ Abbott India Limited

▪ Transasia Bio-Medicals Ltd.

▪ bioMérieux India Limited

▪ Becton Dickinson Private Limited

▪ Thermo Fisher Scientific India Pvt. Ltd.

▪ Siemens Healthineers India Pvt. Ltd.

▪ Sysmex India Pvt. Ltd.

▪ Angstrom Biotech Private Limited

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

© TechSci Research


Industry Brief

According to TechSci Research report, “India In Vitro Diagnostics Market By Product (Instrument, Reagent, Other Products), By Test Type

(Clinical Chemistry, Molecular Diagnostics, Haematology, Immuno Diagnostics, Other Types), By Usability (Disposable In Vitro Diagnostics

Devices, Reusable In Vitro Diagnostics Devices), By Application (Infectious Disease, Diabetes, Oncology, Cardiology, Autoimmune Disease,

Nephrology, Others), By End User (Diagnostic Laboratories, Hospitals & Clinics, Others), By Company, By Region, Forecast & Opportunities,

FY2026”, the India In Vitro Diagnostics market is expected to grow at a steady rate during the forecast period. Existence of several research

organizations providing consulting services, clinical research, and laboratory testing owing to high demand for rapid diagnosis and treatments is

projected to act as major market driving factor. Moreover, surging use of personalized medicines for treating a number of chronic diseases such

as cancer is further expected to fuel the market growth through FY2026. Furthermore, increased availability of over the counter tests is further

estimated to boost the growth of India In Vitro Diagnostics market. Increased government funding in healthcare sector for providing education

regarding In Vitro Diagnostics tools is further expected to drive the market growth during the forecast period. However, inadequate

reimbursement can restrict the market growth over the next few years. Moreover, stringent government regulations can further hinder the market

growth during the forecast period.

The India In Vitro Diagnostics market is segmented based on product, test type, usability, application, end user, company, and region. Based on

end user, the market can be fragmented into diagnostic laboratories, hospitals & clinics, others. The hospitals & clinics segment dominated the

market in terms of major market share and is expected to maintain its market position in the forthcoming years as well. This dominance is due to

growing need for immense amount of diagnostic testing in order to support a clinical decision for improving patient recovery. Based on

application, the market can be categorized into infectious disease, diabetes, oncology, cardiology, autoimmune disease, nephrology, others.

Among these, the infectious disease segment is expected to dominate the market over the forecast period which can be accredited to upsurge in

prevalence of infectious diseases in the country like pneumonia, tuberculosis, AIDS, and HIV.

Ortho Clinical Diagnostics India Private Limited, Danaher (DHR) Holding India Pvt Limited, Roche Diagnostics India Pvt. Ltd., Abbott India

Limited, Transasia Bio-Medicals Ltd., bioMérieux India Limited, Becton Dickinson Private Limited, Thermo Fisher Scientific India Pvt. Ltd.,

Siemens Healthineers India Pvt. Ltd., Sysmex India Pvt. Ltd and others are some of the leading players operating in India In Vitro Diagnostics

market. Companies operating in the market are using organic strategies such as product launches, mergers acquisitions and research

collaborations to boost their share and increase their geographic reach.

“India In Vitro Diagnostics market is expected to witness steady growth during the forecast period on account of rising demand for point-of-care

In Vitro Diagnostic devices. Along with this, increased adoption of In Vitro Diagnostic instruments/devices by healthcare professionals due to their

conveniency, is further forecast to bode well for the growth of In Vitro Diagnostics market in the country. Moreover, surging awareness about

disease diagnosis is further expected to create lucrative opportunities for growth for India In Vitro Diagnostics market over the next five years.”

said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


Sample Data - Snapshot

India In-Vitro Diagnostics Market Size, By Value (USD Million), FY2016-FY2026F

5.00 6.00 7.008.00 9.00 10.00

11.00 12.00 13.0014.00 15.00

FY2016 FY2020 FY2021E FY2026F

By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%

India In-Vitro Diagnostics Market Share, By Test Type, By Value, 2015–2025F

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021E

FY2022F

FY2023F

FY2024F

FY2025F

FY2026F

Clinical Chemistry Molecular Diagnostics Hematology Immuno Diagnostics Others

North India In-Vitro Diagnostics Market Share, By Application, By Value, 2015–2025F

15%15%15%15%15%15%15%15%15%15%15%

15%15%15%15%15%15%15%15%15%15%15%

15%15%15%15%15%15%15%15%15%15%15%

15%15%15%15%15%15%15%15%15%15%15%

15%15%15%15%15%15%15%15%15%15%15%

15%15%15%15%15%15%15%15%15%15%15%

10%10%10%10%10%10%10%10%10%10%10%

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021E

FY2022F

FY2023F

FY2024F

FY2025F

FY2026F

Infectious Disease Diabetes Oncology Cardiology Autoimmune Disease Nephrology Others


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FORECAST & OPPORTUNITIESFY2016 – FY2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

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