The ongoing pandemic novel coronavirus disease (COVID-19) is caused due to SARS-COV-2 and generally spreads from animals to humans and then from humans to humans. The disease usually spreads from the saliva droplets of the infected person or the nose discharges of the infected person when they cough or sneeze. The first case of the disease in India was reported on 30
India coronavirus testing kits market is expected to grow at a formidable rate during the forecast period. The India coronavirus testing kits market is driven by the growing prevalence of the disease cross different parts of the country. Additionally, India has been criticized so far for conducting lesser number of tests as compared to other countries as a result of which, the country has started up ramping up the testing procedure. This in turn is expected to positively influence the growth of market over next few years. Furthermore, introduction of ‘Made in India’ testing kits concept in the country due to increase in the prevalence of disease and lack of testing kits has spiked the number of pharmaceutical and biotechnology companies coming up with their own testing kits. This is further spurring the market growth in the country.
The India coronavirus testing kits market is segmented based on type, use, full test time, technology, specimen type, mobility, end user, company and region. Based on type, the market can be bifurcated into molecular and serological tests. The serological tests segment is expected to witness significant growth during the forecast period since these tests are done using blood samples and they detect the antibodies produced by the body against the virus. Such antibodies are present in an individual who has just recovered from COVID-19. Furthermore, these tests are helpful in determining patients with mild or no symptoms. Based on specimen type, the market can be grouped into nose & throat swab, blood, sputum and nasal aspirate. The nose & throat swab specimen type is expected to dominate the market since these are the two prominent regions where the coronavirus replicates and hence are preferred for taking the patients specimens or sample.
Major players operating in the India coronavirus testing kits market include Mylab, New Life Company, Cadila Healthcare, Biocon (Syngene), Eris Lifesciences, Mylan, Gland Pharma, Medsource Ozone Biomedicals, Helini Biomolecules, 3B BlackBio Biotech, Alpine Biomedicals, Immunoscience, Nulife Care, Vanguard Diagnostics, Voxtur Bio, CPC Diagnostics, HLL Lifecare and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. For instance, Noida based company ‘New Life Company’ has developed a rapid antibody based testing kit and has received approval from both ICMR and National Institute of Virology. This testing kit will be one step detection based kit and will give the results within 15 minutes. Additionally, it is simple to use, involves no instrument and is cost-effective.
Years considered for this report
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of India coronavirus testing kits market from 2015 to 2018.
- To estimate and forecast the market size of India coronavirus testing kits market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast India coronavirus testing kits market based on type, use, full test time, technology, specimen type, mobility, end user, company and regional distribution.
- To identify dominant region or segment in the India coronavirus testing kits market.
- To identify drivers and challenges for India coronavirus testing kits market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India coronavirus testing kits market.
- To conduct pricing analysis in the India coronavirus testing kits market.
- To identify and analyze the profile of leading players operating in India coronavirus testing kits market.
- To identify key sustainable strategies adopted by market players in India coronavirus testing kits market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of
Key Target Audience
- Coronavirus testing kits manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to coronavirus testing kits
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
