Promising future ahead for In-vitro diagnostics (IVD) Market

With the changes introduced in lifestyle, food habits, genetic modifications due to bodily complications, etc. different type of diseases have evolved that drives the market of In-vitro diagnostics (IVD) in terms of increase in the number of diagnostic tests for specific disease that give rise to the analyzers, services and reagents market of IVD. The market of IVD in India accounted for around USD 1.0 Billion in 2015 and further the market is predicted to grow with the adequate CAGR over the forecast period i.e. 2016-2024.
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Market Segmentation
• Based on Healthcare Segments
o By Immunochemistry
 By Products
• Chemiluminescence immunoassay (CLIA) analyzers
• Immuno fluorescence (IFA) analyzers
• Enzyme immunoassay (EIA) analyzers
• Integrated analyzers
• Point of Care Testing (POCT) Devices (bench top and hand held)
 By Reagents (thyroid, infectious disease, fertility hormones, tumor marker, auto-immune kits, cardiac markers, others)
 By Services

o By Clinical Chemistry
 By Products (Clinical Chemistry Analyzers)
 By Reagents (calibrators, controls, standards, other reagents)
 By Services

o By Hematology
 By Products
• Semi automated hematology analyzers
• Fully automated hematology analyzers
• POCT Devices (bench top and hand held)
 By Reagents (coagulation reagents, flow cytometer reagents, hematology reagents, control plasmas, hematology stains, immunohematology reagents)
 By Services

o By Coagulation & Hemostasis
 By Products (fully automated and semi automated)
 By Reagents (prothrombin time (PT), activated partial thromboplastin time (aPTT), factor assays, fibrinogen, fibrinolysis, thrombin time (TT), thrombophilic profile, speciality assays)
 By Services

o By Clinical Microbiology
 By Products (microbiology analyzers)
 By Reagents (pathogen specific kits and general reagents)
 By Services

o By Molecular Diagnostics
 By Products (PCR, DNA sequencing, flow cytometry, mass spectrometry, others)
 By Reagents
 By Services

o By Biochemistry
 By Product (Automated and semi automated)
 By Reagents
 By Services

o By Others
 By Product
 By Reagents
 By Services

• Based on Application
o Oncology
o Diabetes
o Infectious Disease
o Cardiology
o Autoimmune Disease
o Nephrology
o Drug Testing
o Others

• Based on End User
o Hospitals
o Diagnostics/Pathology Labs
o Research and Development Centers (R&D)
o Home care Settings
“Indian IVD Market Outlook 2024” contains detailed overview of the Indian IVD market in terms of market segmentation based on healthcare segment (product, service and reagent), applications and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This market report also includes provides competitive outlook of some of the major players of the global connected healthcare market which includes profiling of companies of Transasia Bio Medical, Roche Diagnostics, Beckman Coulter, Siemens Healthcare, Ortho Clinical Diagnostic, Bio-Rad Laboratories, bioMerieux, Becton and Dickinson, PerkinElmer, Accurex, Bayer Healthcare, Alere etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the India IVD market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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