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Decoding the developing trends of the India POCT Market

May 30, 2023
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The POCT market in India is expanding. In terms of revenue, the India POCT market grew at a positive CAGR between FY'2013 and FY'2018. Medical research and development advances, as well as the recent rise in the frequency of chronic diseases among the Indian population, all contributed to this surge. The demand for POCT devices in the nation has increased as a result of consumers becoming more conscious of their health over time.
In this segment, we will decode the growing trends of the POCT industry in India and discuss them in detail. So, let’s dive in.

1. India POCT market is still in its nascent stage, Demand for home-based healthcare devices and remote patient monitoring has aided to the growth of the market

Unexplored phase due to low awareness and lack of regulatory framework

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I: Emerging Phase < 2018

  • Awareness of POCTs was very low, and the technology was not well understood by the medical community in early 2000s.
  • Till 2018, there was limited access to these products due to cost. Regulatory framework was also not in place to facilitate the adoption of POCTs in India.

POCT device market bloomed due to increasing in demand for rapid and accurate diagnosis

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II: Growing Phase 2018-2030

  • Increasing demand for rapid and accurate diagnosis, rising awareness about, and increasing government initiatives drove the growth of the India POCT market.
  • Demand for home-based healthcare devices and remote patient monitoring also aided to the growth of the market.

Industry expected to reach maturity phase with stable growth due to increased investment and technological advancement

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III: Maturity Phase >2030

  • Increasing prevalence of chronic diseases and the rising awareness about their early diagnosis will impact the POCT market.
  • Rising investments in the healthcare infrastructure will also improve the market condition.
  • Technological advancements will drive the market growth in the coming years.

Market Potential

  • Growth Stage
  • ~16% CAGR on the basis of Revenue (2017-2022)

    Market Nature

  • Highly Fragmented Market with presence of a large number of local players in the sector as well as the presence of a few international players.
To know the detailed Business Cycle and Genesis of India POCT Market, request a free sample report.

2. Growing trend of automation and modernization of laboratories and hospitals will further lead to future opportunities in the POCT market, leading to increased number of new entrants

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Key Takeaway

Growing number of POCT businesses have begun exploring their vast potential for innovation and growth.

It has been noted that businesses have begun manufacturing devices and  consumablesin India in 2018. The Make in India campaign and the Ayushman Bharat project were two key government initiatives that contributed to this.

Major domestic manufacturersof POCT devices include SD Biosensor, Trans Asia Medical, Siemens Healthineers, Trivitron Healthcare, J. Mitra & Co. Pvt. Ltd., and Others.

To know the ecosystem of the India POCT Market request a free Custom Report

3. Currently, Growing awareness, telemedicine, rise in chronic and infectious diseases, and growing healthcare infrastructure are the major factors impacting the growth of India’s POCT Market

Growth drivers of India POCT Market

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    Growing Awareness of the Benefits of POCT
  • Increasing awareness of the advantages of POCT, such as cost-effectiveness, accuracy, and convenience and increasing prevalence of infectious diseases are contributing to the growth of the POCT market in India.
  • Due to India's extremely dense rural population and lack of high-end, automated, and expensive diagnostic tools, there is a demand for testing that is inexpensive, accessible, and effective
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    Increasing Use of Smartphones and Telemedicine
  • Smartphones are being used not only for data collection and analysis but also for diagnosis. This has led to the development of mobile applications for POCT, which is further driving the market.
  • Telemedicine will enable remote diagnosis of patients and hence, will reduce the need for physical visits to the health care facility.
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    Rise in Chronic Diseases
  • Increasing prevalence of chronic diseases such as diabetes and coronary artery disease has increased the demand for POCT technologies. These technologies enable faster diagnosis and treatment, thus reducing the time and money spent on diagnosis and treatment.
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    Growing Healthcare Infrastructure
  • The increasing healthcare infrastructure in India has increased the demand for POCT technologies. This has resulted in a higher adoption of POCT technologies in the healthcare sector.
Source: Industry Articles, Industry Report & Ken Research Analysis I 1. Arabian news I 2. Research and Markets I 3. Data Reportal and Statista

4. However, lack of Infrastructure, regulatory challenges, quality control, and data privacy are major reasons which directly affect the India POCT Market

Issues and Challenges in the Indonesia Cold Chain Market

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Lacks in Infrastructure Capability
  • Performance of the POCT devices has to be equivalent to that of the laboratory tests which is not the case currently due to factors such as inability of the personnel to perform the test properly and conditions at the time of testing.
  • The infrastructure required for POCT is inadequate in India due to the limited availability of diagnostic centers, equipment, and qualified personnel.
Regulatory Challenges
  • There are several regulatory issues that need to be addressed in order for POCT technology to be adopted in India. These include the need for registration and approval from the Indian Drug Regulatory Authority, Clinical Establishments Act, and other state-level laws.
Quality Control
  • In Rural areas, hospitals generally does not have specialized laboratories due to which they need to send the lab samples to specialized labs which are being installed in other and the need for trained personnel to operate the devices and interpret results regions.
  • Quality control of the POCT technology is a major issue in India. This is due to the lack of standardization.
Data Privacy
  • Data privacy is a major concern in India, due to the lack of proper data protection laws. The data generated by POCT devices is often used for commercial purposes, which raises concerns about the privacy of patients’ data.
Source: Industry Articles, Interview with Industry Experts, Ken Research Analysis

5. But, the Indian government has taken a number of steps to promote the use of Point-of-Care Testing (POCT) devices and to ensure the quality of tests performed by them

Regulatory Bodies

  • The Central Drugs Standard Control Organization (CDSCO) under Directorate General of Health Services in Ministry of Health and Family Welfare (MoHFW).
  • Government of India (GoI) is the National Regulatory Authority (NRA) responsible for approval of manufacturing, import, conduct of clinical trials, laying down standards, sale and distribution of medical devices.
  • Central Licensing Authority: The Drugs Controller General of India (DCGI).
  • State Licensing Authority: The State Drugs Controller, by whatever name called, shall be the State Licensing Authority.
  • National Accreditation Body: The Central Governme by notification, designate such institute, firm or a Government organization, which fulfills the criteria specified from time to time by the Government, as the National Accreditation Body.

Essential Principles

  • Chemical, physical and biological properties: The IVD medical devices should be designed, manufactured and packaged in such a way as to minimize the risks connected with reasonably foreseeable external influences or environmental conditions and risk posed by contaminants and residues to the persons involved in the transport, storage and use of the devices and to patients, taking account of the intended purpose of the device.
  • Performance Evaluation supports the intended use where appropriate, the design should address sensitivity, specificity, accuracy which is trueness and precision, control of known relevant interference and limits of detection.
  • Users should be provided with the information needed to identify the manufacturer, to use the device safely and to ensure the intended performance, taking account of their training and knowledge.
  • IVD medical devices that incorporate software and standalone IVD medical device software, should be connected to, or equipped with, an energy source.
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