India Self Testing Kit Market to Grow at a CAGR of 9.56% During the Forecast Period

Growing prevalence of chronic diseases across the country to drive the growth of India self testing kits market.

 

According to TechSci Research report, India Self Testing Kits Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the India self testing kit market stood at USD421.49 million in 2021 and is expected to grow at a steady CAGR of 9.56% during the forecast period on account of growing prevalence of chronic diseases.

 

The India self testing kit market is expected to grow at a robust rate during the forecast period on account of increasing geriatric population. Additionally, rising prevalence of chronic disease across the country is contributing to the growth of the market. In India, people are becoming more aware of the importance of self-monitoring glucose levels.

 

Patients with type 1 diabetes must monitor their blood glucose levels at regular intervals to alter their insulin dosage. Diabetes affects 76 million people in India today, and diabetes is expected to afflict over 10% of the population by 2025. Obesity, particularly central obesity and increased visceral fat owing to physical inactivity, as well as high-calorie/high-fat and high-sugar diets, are the leading causes of diabetes among Indians.

 

Furthermore, the expanding senior population, which is vulnerable to a variety of ailments, is predicted to drive up the demand for self testing kits market. Diabetes mellitus, cardiovascular illnesses, renal and urological disorders are among the most frequent diseases seen in the senior population. On the contrary, the market's expansion is being hampered by a lack of awareness and an inability to perform and read tests.

 

All patients who use self testing kits are unaware of how to administer tests and interpret data. This might result in mishaps, particularly when patients are pricking their skin for blood testing. This, in turn, causes apprehension among consumers about the use of tests. Furthermore, due to misinterpretation of results from self testing kits, some patients are unable to diagnose their illnesses.

 

 

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The India self testing kits market is segmented based on test type, sample, usage, distribution channel and regional distribution.

Based on test type, the market can be split into blood glucose testing, pregnancy & fertility testing, cholesterol testing, urine analysis, covid-19 testing and others. The blood glucose testing is dominating the market with 39.52%. This can be attributed to India's rapidly growing diabetic population. India is home to the world's second-largest diabetic population. During the projection period, the cholesterol testing segment is also expected to increase significantly. This can be attributed to the country's rising prevalence of cardiovascular disorders. However, due to the sudden breakout and spread of pandemic, multiple COVID-19 self testing kits were developed and released. The rising number of cases of COVID-19, as well as India's considerable impact on the pandemic, increased demand for COVID-19 self testing kits. Pregnancy testing kits, on the other hand, are one of the most often used self testing kits, having been utilized by women all over the world.

 

The India self testing kits market is divided into three categories based on sample: blood, urine, and saliva/swab. Because blood samples are used to perform the majority of patient  diagnostic tests such as blood glucose monitoring, HIV testing, and prothrombin test, among others, the blood sample segment led the market in 2021 and will continue to do so in the forecast period. However, due to its extensive use in COVID-19 testing, saliva/share swab's climbed dramatically in 2021. Urine samples are mostly utilized in pregnancy and fertility testing, as well as urine analysis.

 

The Indian self-testing kits market is further divided into disposable and reusable kits based on their intended use. The market for self testing kits is dominated by disposable kits, which will continue to increase throughout the forecast period. The explanation for the continuous need for disposable kit will be directly related to their purchasing habits. The majority of self diagnostic tests, which mostly use saliva/swab and urine analysis, require disposable kits. Furthermore, following the covid outbreak, increased awareness of health and hygiene is one of the driving forces behind the usage of disposable kits, which is only to avoid the transmission of illness. Reusable diagnostic kits perform disease-specific tests that require more care and attention to handle than disposable kits.

Key market players in the India Self Testing Kits market include:

  • Abbott India Ltd
  • Piramal Enterprises Ltd. (Piramal Healthcare)
  • Roche Diagnostics India Pvt Ltd
  • Mylab Discovery Solutions Pvt Ltd
  • Meril Diagnostics Pvt Ltd
  • Becton Dickinson Private Limited
  • SD Biosensor Healthcare Pvt. Ltd.
  • Angstrom Biotech Private Limited
  • Nulife Care
  • Oscar Medicare Pvt. Ltd.
  • Healgen Scientific Limited

 

The India self testing kit market is a consolidated market with few established players and many regional and domestic players. Additionally, there are other other prominent players operating in the market in the India self testing kit market. The companies are adopting innovative technique to compete in the market. various companies operating in the market are following strategies like mergers & acquisitions, collaborations & partnerships, and new product launches to stay competitive and have an edge over the other players operating in the industry.

 

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“West region is expected to be the fastest growing region in India self testing kit market during forecast years. Maharashtra has been significantly impacted by COVID-19 and therefore has provided a boost to self testing industry. Additionally, in terms of population, and rising awareness regarding self testing is increasing rapidly. Therefore, the demand of self testing kits is highest in the region amongst others.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 

India Self Testing Kits Market By Test Type (Blood Glucose Testing, Pregnancy & Fertility Testing, Cholesterol Testing, Urine Analysis, COVID-19 Testing and Others), By Sample (Blood, Urine, Saliva/swab), By Usage (Disposable, Reusable), By Distribution Channel (Retail Pharmacy Stores, Hypermarket/Supermarket, E-Commerce), By Region, Competition, Forecast & Opportunities 2017-2027F” has evaluated the future growth potential of India self testing kits market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India self testing kits market.

 

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  • Marco Brown
    published this page in Submit Content 2022-11-20 22:13:17 -0800

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