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India POCT Market Outlook to 2023 - by Major Devices, by End Users, by Distribution Channel, by Consumables and Instruments and by Region

  • ID: 5023829
  • Report
  • May 2019
  • Region: India
  • 152 Pages
  • Ken Research Private Limited

FEATURED COMPANIES

  • Abbott India Limited
  • Bio Rad Laboratories
  • DiaSys India
  • EKF Diagnostics
  • J Mitra & Co. Pvt. Ltd.
  • Radiometer India
The report titled “India POCT Market Outlook to 2023- By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region” provides a comprehensive analysis on the Point of Care Testing Market of India. The report covers various aspects including market overview and evolution, Indian Health Statistics, Trade Scenario, trends and developments, issues and challenges, Porter’s five force analyses, customer decision parameters, funding and M&A scenario in the industry, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Market Overview
India POCT market is at the growing stage. India POCT market in terms of revenue has increased at a positive CAGR during the period FY’2013-FY’2018. This growth was supported by advancement in medical knowledge and R&D along with increase in the prevalence of chronic diseases amongst the Indian population in the recent years. The customers in the market are becoming more aware of their health with time which has further boosted the demand for POCT devices in the country.

There has been an intense competition between the players in the India POCT market as more number of MNC’s are setting up their units in India owing to the allowance of 100% FDI in the country. The domestic production of POCT devices has been relatively low as compared to other countries. The POCT devices has led faster pace for treatment coupled with reduction in the overall health checkup expenditure.

India POCT Market Segmentation
  • By Major Devices: Blood Glucose Testing kits accounted the highest share for the FY’2018. This testing kit is a device used on a routine basis to monitor glucose levels for people at home or for patients under permanent glycemic control requirements. Increase in the rate for infectious and communicable diseases in the country have also generated the need for Infectious diseases testing kits, which stand second to the blood glucose testing kits. On the other hand, third largest share was accounted by blood gas electrolytes kits which further followed by pregnancy & fertility testing kits, cardio metabolic monitoring kit, anticoagulant management kit and others.
  • By End Users: The hospitals and clinics accounted the highest market share in India POCT market in FY’2018 amongst the considered end users owing to the lack of diagnostic labs and central laboratories along with the cost and time involved in conducting different tests through diagnostic laboratories. The individuals usually use POCT devices for Blood glucose testing, pregnancy testing and HIV self testing as these devices are simple to use and are handy due to which consumer/individuals accounted the second highest market share in the end user segment which is further followed by the diagnostic labs, home healthcare and others.
  • By Consumables and Instruments: In India POCT market consumables accounted for majority of the market share in FY’2018. This is largely due to HbA1c, Pregnancy, Cholesterol and Drug of Abuse POCT devices utilize consumables in large scale for diagnostics. On the other hand, Instruments although comprising of much costlier components captured a smaller market share in FY’2018 due to longer replacement/repurchase cycle.
  • By Distribution Channel: The sale of POCT devices through distributors plays a key role in the overall POCT market in India constituting maximum market share in FY’2018. The distributors accounted for a double digit margin on sale of these devices. On the other hand, direct sales in case of POCT devices is minimal as compared to the sales through distributors as majority of the POCT companies do not contact their clients directly and rather prefer using a medium to sell their products owing to the high cost involved.
  • By Region: It has been observed that amongst the considered cities, sale of POCT devices is the highest in Delhi followed by Chennai in FY’2018 as these are the hub for medical care. Also the people residing in these cities have a higher personal disposable income as compared to other cities. Lack of awareness and acceptance by the people in Tier 2 and Tier 3 cities justifies its lower market share in FY’2018.

Competitive Landscape
The India POCT market is moderately concentrated. In FY’2018, it has been observed that there are more than 60 players which are operating in the India POCT market, out which Abbott India has the highest market share on the basis of revenue in FY’2018. This was followed by Roche Diagnostics, Danaher Corporation, J Mitra & co., Trans Asia Bio medical and others. These market players compete in the POCT market in India on the basis of Cost, Expertise, Brand, Ease of Use, and Key Products Offered.

India POCT Market Future Outlook
In future, it has been anticipated that India POCT market will increase at a double digit CAGR during the period of FY’2018– FY’2023E in terms of revenue. India POCT market is expected to grow at an enormous rate owing to factors such as compactness, portability and its usage by the non laboratory personnel in the purview of getting faster results. Increasing demand for POCT devices in the country largely from the elderly population which is one of the major target end users for the home healthcare companies and overall POCT market in general. Launch of various new products in different product genre is anticipated to expand the target audience. In addition to this, India has been a country with one of the highest diabetes prevalent rates in the world. This will lead to an opportunity for the POCT companies to provide efficient solutions for the problem.

Key Segments Covered:

By Major Devices
  • Blood Glucose Testing Kits
  • Infectious Disease Testing Kits
  • Blood Gas Electrolytes
  • Pregnancy and Fertility Testing Kits
  • Cardio Metabolic Monitoring
  • Anticoagulant Management
  • Cholesterol Testing Kits
  • Others

By End Users
  • Hospitals & Clinics
  • Consumers/ Individuals
  • Diagnostic Labs
  • Home Healthcare
  • Others

By Distribution Channel
  • Distributors
  • Direct Sales

By Region
  • Tier 1 Cities
  • Tier 2 Cities
  • Tier 3 Cities

By Consumables and Instruments

Key Target Audience:
  • Point of Care Companies
  • Hospitals & clinics
  • Government organizations
  • Medical Devices and Equipments companies
  • Home Healthcare Companies

Time Period Captured in the Report:
  • Historical Period: FY’2013-FY’2018
  • Forecast Period: FY’2018-FY’2023

Companies Covered:
  • Abbott India Limited
  • Roche Diagnostics
  • Siemens Healthcare Private Limited
  • Beckman Coulter India Pvt. Ltd.
  • J Mitra & Co. Pvt. Ltd.
  • Trans Asia Biomedical
  • Radiometer India
  • Bio Rad Laboratories
  • DiaSys India
  • EKF Diagnostics
  • Renesas Electronics
  • Triviton Healthcare Private Limited
  • Becton Dickinson India Private Limited
  • India Medtronic Private Limited

Key Topics Covered in the Report:
  • Executive Summary
  • Research Methodology
  • Value Chain Analysis of India POCT Market
  • Indian National Health Account Statistics
  • Market Overview and Genesis of India POCT Market
  • India POCT Market Size for the FY’201- FY’2018
  • India POCT Market Segmentation by Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others)
  • India POCT Market Segmentation By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others)
  • India POCT Market Segmentation By Consumables and Instruments
  • India POCT Market Segmentation By Distribution Channel (Distributors and Direct Sales)
  • India POCT Market segmentation By Region (Tier 1, Tier 2 and Tier 3 Cities)
  • Government Regulations in the India POCT Market
  • Porter’s Five Force Analysis for India POCT Market.
  • Competition Parameters in India POCT Market
  • Company Profiles of Major Players in the India POCT Market
  • Strength and Weaknesses of Major Players in the India POCT Market
  • Funding and M&A Scenario in the India POCT Market
  • Trade Scenario in the India POCT Market
  • Trends and Developments in the India POCT Market
  • Issues and Challenges in the India POCT Market
  • Upcoming Technologies in the India POCT Market
  • Customer Decision Parameters in the India POCT Market
  • India POCT Market Size - Future Outlook and Projections for the FY’2018 - FY’2023E
  • Analysts Recommendations for the India POCT Market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott India Limited
  • Bio Rad Laboratories
  • DiaSys India
  • EKF Diagnostics
  • J Mitra & Co. Pvt. Ltd.
  • Radiometer India

1. Executive Summary
1.1. Current Scenario
1.2. Future Projections
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Consolidated Research Approach
2.4. Variables (Dependent and Independent)
2.5. Correlation Matrix
2.6. Regression Matrix
2.7. Limitations and Conclusion
3. Value Chain Analysis of India POCT Market
3.1. Overview
3.2. Networking
4. Indian National Health Account Statistics
5. Market Overview and Genesis
5.1. Market Time Line
6. India POCT Market Size- Current and Future Scenario
6.1. By Historical Revenue, FY’2013- FY’2018
6.2. By Forecasted Revenue, FY’2018- FY’
7. India POCT Market Segmentation- Current and Future scenario
7.1. By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), FY’2018- FY’2023E
7.1.1. Blood Glucose Testing Kits
7.1.2. Infectious Disease Testing Kits
7.1.3. Blood Gas Electrolytes
7.1.4. Pregnancy and Fertility Testing Kits
7.1.5. Cardio metabolic Monitoring
7.1.6. Anticoagulant Management
7.1.7. Cholesterol Testing Kits
7.1.8. Others
7.2. By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), FY’2018- FY’2023E
7.3. By Consumables and Instruments, FY’2018-FY’2023E
7.4. By Distribution Channel (Distributors and Direct Sales), FY’
7.5. By Region (Tier 1, Tier 2 and Tier 3 Cities), FY’2018 and FY’2023E
8. Trends and Development of India POCT Market9. Issues and Challenges of India POCT Market
10. Government Regulations for India POCT Market
10.1. Regulations for IVD Medical Devices
10.2. Regulatory Approval Process for Manufacture for Sale/Distribution of Medical Devices
10.3. Procedure to Apply for Import of Medical Devices
10.4. Fees and Charges for Medical Devices in India
10.5. List of Application Forms Required to Apply for Medical Devices Approval
10.6. List of Documents required with the Application for Grant of License to Manufacture or import of Medical Device
11. Trade Scenario of the India POCT Market
11.1. Import Value and Importing Countries, FY’2014-FY’2018
11.2. Export Value and Destinations of POCT Devices by India, FY’2014-FY’
11.3. Cross Comparison between Domestic Production and Import of POCT Devices (Major Products Manufactured in India, Major Imported Products, Major Manufacturers in India, Initiatives for manufacturing and others), FY’2018
11.4. Manufacturing Units of major POCT Device Manufacturers in India
12. Funding and Mergers and Acquisitions Scenario in the India POCT Market13. Customer Decision Parameters in India POCT Market14. Porter’s Five Forces in India POCT Market
15. Competition Landscape of India POCT Market
15.1. Competitive Scenario (Competing Parameters, Major Players and Competition Structure)
15.2. Market Share of Major Players - By Revenue, FY’
16. Strength and Weaknesses of Major Players in India POCT Market
17. Company Profiles of Major Players in India POCT Market including (Company Overview, Business Model, Strengths, Market Share, Key POCT Devices Offered, Total Income from All Brands, Financials, Mergers and Acquisitions and Product Profile)
17.1. Abbott India Limited
17.2. Roche Diagnostics
17.3. Siemens Healthcare Private Limited
17.4. Beckman Coulter India Pvt Ltd
17.5. J Mitra & co. Pvt. Ltd.
17.6. Trans Asia Bio Medical
17.7. Radiometer India
17.8. Bio Rad Laboratories
17.9. DiaSys India
17.10. Other Companies (EKF Diagnostics, Renesas Electronics, Triviton Healthcare Private Limited, Becton Dickinson India Private Limited and India Medtronic Private Limited)
18. Upcoming Technologies in India POCT Market
19. India POCT Market - Analysts Recommendations
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Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Abbott India Limited
  • Roche Diagnostics
  • Siemens Healthcare Private Limited
  • Beckman Coulter India Pvt. Ltd.
  • J Mitra & Co. Pvt. Ltd.
  • Trans Asia Biomedical
  • Radiometer India
  • Bio Rad Laboratories
  • DiaSys India
  • EKF Diagnostics
  • Renesas Electronics
  • Triviton Healthcare Private Limited
  • Becton Dickinson India Private Limited
  • India Medtronic Private Limited
Note: Product cover images may vary from those shown