Region:Asia
Author(s):Twinkle Karnawat and Sarthak Kaushik
Product Code:KR1289
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.
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.
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.
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.
Based on Devices |
Blood Glucose Testing Kits Cardiometabolic Monitoring Infectious Disease Testing Kits Blood Gas Electrolytes Hormonal Testing Kits Pregnancy Testing Kits Coagulation Test Others (Urinalysis Testing Kits, Hematology Testing Kits, Drugs of Abuse Testing Kits, Fecal Occult Testing Kits, Lipids, Tumor/Cancer Markers, etc.) |
Based on end-user |
Hospital Consumers/individuals Diagnostic labs Clinics Home Healthcare Others |
By Type of Device |
Consumables (cartridges, test strips etc.) Instruments (Main Device) |
By Mode of production |
Import Domestic Production |
By Region of Sales |
Tier-1 Tier-2 Tier-3 |
By Distribution Channel |
Through Distributors to end users Through Distributors to retailers Directly |
1.1 Executive Summary: India POCT Market
2.1 India Demographic Country Overview
2.2 India Population Analysis
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
4.1 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
5.1 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
6.1 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
7.1 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
8.1 Import Scenario of POCT devices in India
8.2 Export Scenario of POCT devices in India
8.3 POCT Devices Manufacturing hubs of India
9.1 Major Merger and Acquisitions in 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
11.1 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
12.1 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
13.1 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
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.
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.
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.
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.
The India POCT Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
The Indian POCT Market is expected to witness a CAGR of 17.3% over the next four years.
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.
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.
Abbot India, Roche Diagnostics, Siemens Healthineers, etc.
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