The India Rapid Test Kit
Market is anticipated to witness impressive growth during the forecast period.
This can be ascribed to the growing demand for rapid diagnostic tests, which
are medical diagnostic tests that are simple to use and deliver fast results.
These tests are designed for point-of-care use, meaning they can be performed
outside of a laboratory setting, such as at a doctor's office, clinic, or in
the field. The India Rapid Test Kit Market includes various types of rapid diagnostic
test kits, including those used for detecting infectious diseases, drug abuse,
fertility testing, pregnancy testing, and others. These tests are designed to
be affordable, reliable, and easy to use, which is expected to create a
lucrative growth of India Rapid Test Kit Market during the forecast period.
According
to Statistics India, as of May 2021, over 31 crore COVID-19 tests had been
conducted in India since the start of the pandemic. The
India Rapid Test Kit Market includes both domestic and international players,
with several Indian companies emerging as major players in recent years. The
India Rapid Test Kit market is expected to continue to grow in the coming
years, driven by increasing demand for rapid diagnostic tests and advancements
in technology. The demand for rapid test kits in India has also been fueled
by the COVID-19 pandemic, with rapid antigen test kits being widely used for
mass testing and screening purposes.
Increasing
Prevalence of Infectious Diseases
The rising prevalence of
infectious diseases in India is one of the key factors promoting the growth of
the India Rapid Test Kit Market. Infectious diseases are a major public health
concern in India, with a high burden of diseases such as tuberculosis, malaria,
dengue, and HIV/AIDS. This has led to an increased demand for Rapid test kits
in India. Rapid diagnostic tests play a crucial role in the timely and accurate
diagnosis of infectious diseases, allowing for prompt treatment and management
of patients. Rapid test kits are often used in settings where laboratory
infrastructure is limited, such as in rural or remote areas, and can provide
results in a matter of minutes or hours, compared to traditional laboratory-based
tests that can take days or weeks to produce results.
The increasing prevalence
of infectious diseases in India is driving demand for rapid test kits,
particularly for diseases such as tuberculosis and malaria. According to the
World Health Organization, India accounts for nearly a quarter of the global
tuberculosis burden, with an estimated 2.7 million cases in 2019, which have a
high burden of disease in India. The Indian government has also implemented
several initiatives to improve disease surveillance and control, including the
National Tuberculosis Program and the National Vector-Borne Disease Control
Program. Malaria is also a major public health concern in India, with over
5.6 million cases reported in 2019, according to the National Vector-Borne Disease
Control Program. These initiatives have helped to increase the uptake of rapid
diagnostic tests in India.
Growing
demand for point-of-care testing
Growing demand for
point-of-care (POC) testing is one of the key drivers promoting the India Rapid
Test Kit Market. POC testing refers to diagnostic tests that can be performed
outside of traditional laboratory settings, such as in a doctor's office,
clinic, or at home.
POC testing is becoming
increasingly popular in India as it offers several advantages over traditional
laboratory-based testing, including faster turnaround times, reduced costs, and
greater convenience for patients. In addition, POC testing can help improve
patient outcomes by allowing for earlier diagnosis and treatment of diseases.
Rapid test kits are an
important component of POC testing, as they allow for the rapid and accurate
diagnosis of a wide range of diseases, including infectious diseases,
cardiovascular diseases, and cancer. Rapid test kits are also relatively simple
to use and require minimal training, making them ideal for use in POC settings.
According to the International Diabetes Federation, India had 77 million
adults with diabetes in 2019, the second-highest number in the world.
The growing demand for POC
testing in India is being driven by several factors, including the increasing
burden of chronic diseases such as diabetes and cardiovascular disease, as well
as the need for faster and more convenient diagnostic tests in rural and remote
areas.
Advancements
in Technology
Advancements in technology
have played a significant role in promoting the India Rapid Test Kit Market.
The development of new and innovative rapid test kits is a major driver of
growth in the India Rapid Test Kit Market. Advances in technology have enabled
the development of more accurate and reliable test kits, as well as test kits
that can detect a wider range of diseases.
Advances in digital and
mobile technology are also promoting the growth of the India Rapid Test Kit
Market. The development of smartphone-based rapid test kits allows for rapid
and convenient testing in remote and underserved areas while also enabling data
collection and analysis for disease surveillance and monitoring purposes.
Emerging technologies such
as biosensors and microfluidics are also driving innovation in the rapid test
kit market, allowing for more sensitive and specific testing with smaller
sample sizes and shorter testing times.
The COVID-19 pandemic has
accelerated the adoption of new technologies in the rapid test kit market, with
many companies developing innovative new test kits and testing technologies in
response to the pandemic.
Increasing
Awareness and Education Programs
Increasing awareness and
education programs can play a significant role in promoting the India Rapid
Test Kit Market.
Education and awareness
programs can help to increase public awareness of the importance of early
diagnosis and treatment of infectious diseases, which can drive demand for
rapid test kits.
Education and awareness
programs can also help to reduce the stigma associated with certain diseases,
such as HIV/AIDS, which can lead to increased testing and earlier diagnosis.
Healthcare professionals
play a key role in driving demand for rapid test kits, and education
programs can help to ensure that healthcare professionals are aware of the
latest testing technologies and how to use them effectively.
Education programs can
also help to improve patient compliance with testing and treatment regimes,
leading to better health outcomes and increased demand for rapid test kits.
The Indian government has
implemented several initiatives to promote education and awareness of
infectious diseases, including the National Health Mission and the National
Rural Health Mission, which provide funding and support for public health
education and awareness programs.
Recent
Development
- In December
2022, to bring molecular diagnostic testing for COVID-19 and other
infectious diseases closer to patients in low- and middle-income countries
(LMICs).
- Received
regulatory approval for its COVID-19 FIA test in several countries,
including India, the United States, and the European Union.
- Signed a
partnership with the Indian government to supply SARS-CoV-2 RT-LAMP test
kits to public health facilities across the country.
Market Segmentation
The India Rapid Test Kit Market
can be segmented by type, product type, technology, duration, application, end
user, region and competitive landscape. Based on Type, the market can be segmented
into Rapid Antigen Test and Rapid Antibody Test. Based
on Product Type, the market can be segmented into Over-the-counter (OTC) Rapid
Test Kit and Professional Rapid Test Kit. Based on Technology, the market can
be grouped into Lateral Flow Assays, Solid Phase, Agglutination, Immunospot
Assay. Based on Duration, the market can be grouped into Less than 30 minutes,
Less than 10 minutes, Less than 1 hour, 1 hour-2 hour, Others. Based on Application, the market can be
grouped into Infectious Disease, Glucose Monitoring, Pregnancy & Fertility,
Toxicology, Cardiology, Oncology, Others. Based on End User, the market can be divided
into Hospitals & Clinics, Home Care, Diagnostic Centers, Others.
Market
Players
SD Biosensor Healthcare
Pvt. Ltd., J. Mitra & Co. Pvt. Ltd., Meril Diagnostic Pvt. Ltd., Tulip
Diagnostics Pvt. Ltd., Oscar Medicare, Angstrom Biotech, Ubio Biotechnology
Systems, Mylab Discovery Solutions Pvt. Ltd., Alpine Biomedicals Pvt. Ltd., Abbott
India Limited, Mankind Pharma/ India are some of the leading players operating
in the India Rapid Test Kit Market.
Download Free Sample Report
|
Attribute
|
Details
|
|
Base Year
|
2023
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|
Historic
Data
|
2019 – 2022
|
|
Estimated
Year
|
2024
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|
Forecast
Period
|
2025 – 2029
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2019-2023 and 2024-2029
|
|
Report Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments Covered
|
Type
Product Type
Technology
Duration
Application
End User
|
|
Regional
scope
|
East India,
West India, North India, South India
|
|
Key
companies profiled
|
SD Biosensor
Healthcare Pvt. Ltd., J. Mitra & Co. Pvt. Ltd., Meril Diagnostic Pvt.
Ltd., Tulip Diagnostics Pvt. Ltd., Oscar Medicare, Angstrom Biotech, Ubio
Biotechnology Systems, Mylab Discovery Solutions Pvt. Ltd., Alpine
Biomedicals Pvt. Ltd., Abbott India Limited, Mankind Pharma/ India
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and
purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report
Scope:
In this report, the India Rapid
Test Kit Market has been segmented into the following categories, in addition
to the industry trends which have also been detailed below:
- India
Rapid Test Kit Market, By Type:
o
Rapid Antigen Test
o
Rapid Antibody Test
- India Rapid Test Kit Market, By Product Type:
o
Over-the-counter (OTC) Rapid Test Kit
o
Professional Rapid Test kit
- India Rapid Test Kit Market, By Technology:
o
Lateral Flow Assays
o
Solid Phase
o
Agglutination
o
Immunospot Assay
- India Rapid Test Kit Market, By Duration:
o Less
than 30 minutes
o Less
than 10 minutes
o Less
than 1 hour
o 1
hour-2 hour
o Others
- India Rapid Test Kit Market, By Application:
o Infectious
Disease
o Glucose
Monitoring
o Pregnancy
& Fertility
o Toxicology
o Cardiology
o Oncology
o Others
- India Rapid Test Kit Market, By End User:
o Hospitals
& Clinics
o Home
Care
o Diagnostics
Centers
o Others
- India Rapid Test Kit Market, By Region:
o East
India
o West
India
o North
India
o South
India
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in
India Rapid Test Kit Market.
Available
Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
India Rapid Test Kit Market is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]