India POCT Market Outlook to 2027F

Description

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.

Product Code: KR1289

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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