India Blood Cancer Diagnostics Market Size & Outlook
India blood cancer diagnostics market, 2018-2030 (US$M)
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India blood cancer diagnostics market highlights
- The India blood cancer diagnostics market generated a revenue of USD 289.8 million in 2023 and is expected to reach USD 592.9 million by 2030.
- The India market is expected to grow at a CAGR of 10.8% from 2024 to 2030.
- In terms of segment, outpatient facilities was the largest revenue generating end use in 2023.
- Research & Manufacturing is the most lucrative end use segment registering the fastest growth during the forecast period.
Blood cancer diagnostics market data book summary
| Market revenue in 2023 | USD 289.8 million |
| Market revenue in 2030 | USD 592.9 million |
| Growth rate | 10.8% (CAGR from 2023 to 2030) |
| Largest segment | Outpatient facilities |
| Fastest growing segment | Research & Manufacturing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hospitals, Outpatient Facilities, Research & Manufacturing |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Abbott Laboratories, Roche Holding AG, Qiagen NV, Becton Dickinson & Co, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, Hologic Inc, Koninklijke Philips NV, Illumina Inc |
Other key industry trends
- In terms of revenue, India accounted for 2.8% of the global blood cancer diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan blood cancer diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 592.9 million by 2030.
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Blood Cancer Diagnostics Market Scope
Blood Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India blood cancer diagnostics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blood cancer diagnostics market will help companies and investors design strategic landscapes.
Outpatient facilities was the largest segment with a revenue share of 67.98% in 2023. Horizon Databook has segmented the India blood cancer diagnostics market based on hospitals, outpatient facilities, research & manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
According to various statistics, India stands as the third-highest country globally in terms of reported cases of blood cancer, following the U.S. and China. It is further estimated a person in India is diagnosed with blood cancer every 5 minutes, and an estimated 70,000 lives are lost annually due to this disease.
India’s biotech industry is encouraging further innovation and investment in the sector. As the country continues to work toward achieving self-reliance in healthcare. For instance, in October 2023, India's first CAR-T cell therapy, developed by Immuno Act, received approval from the Central Drugs Standard Control Organization (CDSCO).
This is a significant milestone in the country's pursuit to develop innovative cancer treatments. CAR-T cell therapy is a type of immunotherapy that uses genetically modified T-cells to target and kill cancer cells. Immuno Act's therapy is designed to treat B-cell acute lymphoblastic leukemia and non-Hodgkin lymphoma.
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Our clientele includes a mix of blood cancer diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India blood cancer diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into India blood cancer diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India blood cancer diagnostics market size, by end use, 2018-2030 (US$M)
India Blood Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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