Future outlook of India Rapid IVD Kits Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 1. The India Rapid IVD Kits Market is growing at a CAGR of ~113% (FY’2017-FY’2022), owing to a rise in awareness of Rapid IVD Tests due to the pandemic. The Rapid IVD Kits Industry has emerged as an attractive player in India’s growing healthcare sector and is one of the fastest-growing service segments in the country. To Know More about this report, download a Free Sample Report The sector is largely driven by an increase in healthcare spending by the aging population, rising income levels, rising awareness for preventive testing, advanced healthcare diagnostic tests offerings, and central government’s healthcare measures. Moreover, India has increased budget allocation for the healthcare sector from ₹ 2.6 Lakh Crore in FY’2017 to ₹ 4.7 Lakh Crore in FY’20212 and ongoing healthcare development projects have played a pivotal role in the continued growth. Also, in 2022, the GOI announced ₹ 64,180 crore outlay for the healthcare sector over six years in the Union Budget 2021-22 to strengthen the existing ‘National Health Mission’. 2. With over 250 Mn Application Tests, Parasitology Rapid IVD Tests contributed 55.0% share to the India Rapid IVD Tests market in terms of number in FY’2022 Parasitological test kits dominated the other tests by application in this segment due to the high parasitology disease prevalence across the country. Presently, the high prevalence of various chronic parasitology, Infectious and enteric diseases along with the increasing use of point-of-care (POC) diagnostics and rising awareness and acceptance of personalized medicine and companion diagnostic kits is driving the India Rapid IVD Kits Market. In addition to this, technological advancements in genomics, proteomics, and molecular pathology have helped introduce disease-specific biomarkers with potential clinical value. The integration of biomarkers and the availability of biomolecular tools are expected to help develop a new range of condition-specific tests, thus creating new opportunities for the IVD market. 3. Malaria Rapid Tests dominated the Parasitology Disease Rapid Tests sharing 80.0% out of the total number of Parasitology Test Kits supplied in India Rapid IVD Kits Market, FY’2022. To Know More about industry trends, Request a free 30 Min Expert call Malaria rapid test kits contributed a major chuck of share to this segment in terms of the total number of parasitology disease test kits supplied. Meanwhile, other rapid tests like Dengue rapid tests, Chikungunya rapid tests, and Leishmaniasis rapid tests occupy other parts of the pie. The segment is continuously growing as the government of India has taken several measures for the prevention and control of dengue, malaria, and other Parasitology diseases which includes providing technical guidelines for prevention and control, case management, and effective community participation to the states for implementation. Due to this, as many as 7.26 Lakh IgM tests kits and additional funds to states for procurement of NS1 kits had been provided by the Centre government in 2021. 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