India POCT Market Outlook to 2027F
Driven by the increasing incidence of chronic diseases, rising awareness of rapid diagnosis in India
December 2022
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About the Report
About the Report
The report provides a comprehensive analysis of the potential of the POCT industry in India. The report covers an overview and genesis of the industry, of the market size in terms of market revenue.
Its market segmentations include By Type of Device, By Mode of Production, By Region of Sales, By Distribution Channel, By Consumables and Instruments, and By End Users; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the India POCT Market – which grew from approximately ₹ ~2000 Crore in 2017 to approximately ₹ ~5000 Crore in 2022 – is forecasted to grow further into ₹ ~11,000 Crore opportunity by 2027F, owing to the increasing demand for rapid and accurate diagnosis, rising awareness, and increasing government initiatives in India.
- China is the biggest exporter with a 22% contribution to the import of medical Instruments and consumables followed by the USA and Germany with 18% and 10% respectively.
- The infectious disease testing kit segment recorded a boost in the demand during the Covid -19 owing to the need to identify and isolate the infected person.
Key Trends by Market Segment:
By Type of Device: Due to their cost-effectiveness, portability, and ease of use, consumable POCT devices dominate the India POCT market.Rise of telemedicine and the growing demand for medical information and services in rural areas is also a major factor.
By Region: People residing in tier 1 and tier 2 cities have a higher personal disposable income as compared to other cities. Furthermore, the people in tier 1 cities are more aware of POCT devices and have easy access to them.
Competitive Landscape
Future Outlook
The India POCT Market witnessed significant growth during the period 2017-2022, owing to the increasing use of smartphones and telemedicine, increasing awareness of the advantages of POCT. The increasing prevalence of chronic diseases and the rising awareness about their early diagnosis will impact the POCT market.
The growth rate of total POCT devices made is going to increase over the period as there will be rising investments in healthcare infrastructure. Technological advancements will drive market growth in the coming years. The demand for personalized medicine is also rising, as it allows for more accurate diagnosis and treatment of diseases, increasing demand for personal health monitoring, and the rising adoption of home-based POCT will also help this industry grow. The introduction of government initiatives to promote POCT is also expected to drive the growth of the market and rising investments in healthcare infrastructure.
Scope Of The Report
Scope of the Report
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Based on Devices |
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Based on end-user |
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By Type of Device |
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By Mode of production |
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By Region of Sales |
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By Distribution Channel |
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Products
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Point of Care Companies
- Hospitals & Clinics
- Government organizations
- Medical Devices and Equipment companies
- Home Healthcare Companies
Time Period Captured in the Report
- Historical Period: FY’2017-FY’2022
- Base Period: FY’2022
- Forecast Period: FY’2022-FY’2027F
Companies
Major Players Mentioned in the Report
- Abbott India Limited
- Roche Diagnostics
- Siemens Healthcare Private Limited
- SD Biosensors
- Beckman Coulter India Pvt. Ltd.
- J Mitra & Co. Pvt. Ltd.
- Trans Asia Biomedical
- Bio Rad Laboratories
- DiaSys India
- EKF Diagnostic
- Triviton Healthcare Private Limited
- Becton Dickinson India Private Limited
- India Medtronic Private Limited
- Molbio
Table of Contents
Table of Contents
1. Executive Summary
1.1 Executive Summary: India POCT Market
2. India Country Overview
2.1 India Demographic Country Overview
2.2 India Population Analysis
3. Healthcare Industry Overview in India
3.1 India Healthcare Overview
3.2 Healthcare Budget Analysis in India
3.3 Region wise NABL Accredited in India
3.4 Disease Prevalence in India
3.5 Disease Prevalence By Region in India
3.6 Medical Tourism Snapshot
4. Market Overview and Genesis of India POCT Market
4.1 Ecosystem of India POCT devices Market
4.2 Business Cycle and Genesis of India POCT Market
4.3 Timeline of Major Players in India POCT Market
4.4 Value Chain of India POCT Market
4.5 India POCT Market Networking
4.6 Market Sizing of India POCT Market, FY’2017-FY’2022
5. Market Segmentation of India POCT Market
5.1 India POCT Market Segmentation by Types of devices, 2022 (Blood Glucose Testing Kit, Cardio-Metabolic Monitoring, Infectious Disease Testing Kits, Blood Gas Electrolytes, Hormonal Testing Kits, Pregnancy Testing Kits, Coagulation Test, and Others )
5.2 India POCT Market Segmentation by Types of End Users, FY’2022 (Hospitals, Individual Customers, Diagnostic labs, Clinic Tests, Home Healthcare, and others)
5.3 POCT Market Segmentation By Type of Device(Consumables and Instruments, FY’2022
5.4 POCT Market Segmentation By Mode of Production (Import and domestic production) and Distribution Channel (Direct sales and distributor channel), FY’2022
5.5 POCT Market Segmentation By Region (Tier 1, Tier 2 and Tier 3 cities), FY’2022
6. Industry Analysis of India POCT Market
6.1 Porter’s Five Forces Analysis on India POCT Market
6.2 Growth drivers of India POCT Market
6.3 Issues and Challenges in India POCT Market
6.4 Regulatory Framework of India POCT Market
6.5 Trends and Developments in India POCT Market
6.6 Technological Developments in India POCT Market
7. End User Analysis of India POCT Market
7.1 Comparison of POCT devices End Users
7.2 Customer Decision Parameters in India POCT Market
7.3 Pain Points Faced by Customers from Buying POCT Devices
8. Trade Scenario of India POCT market
8.1 Import Scenario of POCT devices in India
8.2 Export Scenario of POCT devices in India
8.3 POCT Devices Manufacturing hubs of India
9. Merger and Acquisition Scenario of India POCT market
9.1 Major Merger and Acquisitions in India POCT market
10. Competition Framework of India POCT Market
10.1 Competitive Landscape in India POCT Market
10.2 Market Share of Major Players in India POCT Market, FY’2022
10.3 Operational Cross-Comparison of Major Players in India POCT Market
10.4 Financial Cross-Comparison of Major Players in India POCT Market
11. Future Outlook and Projections of India POCT Market, 2027F
11.1 Future Market Sizing of India POCT Market, FY’2022-2027F
11.2 India POCT Market Segmentation by Types of devices,
11.3 India POCT Market Segmentation by Type of End-Users and By Type of Device, 2027F
11.4 India POCT Market Segmentation by Mode of and By Distribution Channel, 2027F
11.5 India POCT Market Segmentation By Region, 2027F
12. Market Opportunity and Analyst Recommendations
12.1 Customer Journey
12.2 Strategies for POCT Market in India
12.3 Best Practices for Building a Successful POCT Market in India
12.4 Product Comparison for India POCT Market
13. Research Methodology
13.1 Market Definitions and Assumptions
13.2 Abbreviations
13.3 Market Sizing Approach
13.4 Consolidated Research Approach
13.5 Sample Size Inclusion
13.6 Limitations and Future Conclusion
13.7 Correlation Matrix & Regression Coefficient for India POCT Market
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Research Methodology
Research Methodology
Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Step 2: Market Building: First framed a hypothesis about the market through analysis of existing industry factors, obtained from company reports and from magazines, journals, online articles, ministries, government associations, and data from the Department of Health ministry and others.
Step 3: Validating and Finalizing: Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output: Our team will approach multiple POCT-providing channels and understand the nature of product segments and sales, consumer preference, and other parameters. The “Top-Down” approach is used for future projections in which we first study the effect of economic factors and then industry factors on the sector.
Frequently Asked Questions
Frequently Asked Questions
What is the Study Period of this Market Report?
The India POCT Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
What is the Future Growth Rate of the Indian POCT Market?
The Indian POCT Market is expected to witness a CAGR of 17.3% over the next four years.
What are the Key Factors Driving the Indian POCT Market?
Increasing demand for rapid and accurate diagnosis, rising awareness about, and increasing government initiatives are likely to fuel the growth in the Indian POCT market.
Which is the largest device type Segment within the India POCT Market?
Blood Glucose testing devices are the highest in the chronic segment and are expected to increase in the future because India is a diabetes capital.
Who are the Key Players in the India POCT Market?
Abbot India, Roche Diagnostics, Siemens Healthineers, etc.
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