India Blood Testing Market Size & Outlook, 2023-2030
India blood testing market, 2018-2030 (US$M)
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India blood testing market highlights
- The India blood testing market generated a revenue of USD 3,726.5 million in 2023 and is expected to reach USD 7,169.0 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, glucose testing was the largest revenue generating test type in 2023.
- Glucose testing is the most lucrative test type segment registering the fastest growth during the forecast period.
Blood testing market data book summary
| Market revenue in 2023 | USD 3,726.5 million |
| Market revenue in 2030 | USD 7,169.0 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Glucose testing |
| Fastest growing segment | Glucose testing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Glucose testing, A1C testing, Direct LDL testing, Lipid panel testing, Prostate-specific antigen testing, COVID-19 testing, BUN testing, Vitamin D testing, Thyroid-stimulating hormone testing, Serum Nicotine / Cotinine testing, High sensitivity CRP testing, Testosterone testing, ALT testing, Cortisol testing, Creatinine testing, AST testing, Other blood tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG ADR, Bio-Rad Laboratories Inc, BioMerieux SA, Quest Diagnostics Inc, Biomerica Inc, Becton Dickinson & Co, Siemens Healthineers AG ADR, Danaher Corp, Trinity Biotech PLC ADR |
Other key industry trends
- In terms of revenue, India accounted for 3.8% of the global blood testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China blood testing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,469.0 million by 2030.
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Blood Testing Market Scope
Blood Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India blood testing 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 testing market will help companies and investors design strategic landscapes.
Glucose testing was the largest segment with a revenue share of 15.07% in 2023. Horizon Databook has segmented the India blood testing market based on glucose testing, a1c testing, direct ldl testing, lipid panel testing, prostate-specific antigen testing, covid-19 testing, bun testing, vitamin d testing, thyroid-stimulating hormone testing, serum nicotine / cotinine testing, high sensitivity crp testing, testosterone testing, alt testing, cortisol testing, creatinine testing, ast testing, other blood tests covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of blood testing market in India is primarily driven by introduction of innovative products, technological advancements, increase in the incidence of chronic illnesses, rise in geriatric population, and strong promotional campaigns organized by private & public organizations to enhance disease screening.
In addition, rise in the prevalence of non-communicable diseases, such as cancer, and increase in the number of complex surgical procedures, such as orthopedic & open-heart surgeries, are expected to positively impact the market growth during the forecast period.
Increased focus by medical device manufacturers on the development of improved & automated solutions to process, store, and collect blood & its components is anticipated to boost the adoption of blood testing products during the forecast period.
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Our clientele includes a mix of blood testing market companies, investment firms, advisory firms & academic institutions.
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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 testing market , including forecasts for subscribers. This country databook contains high-level insights into India blood testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India blood testing market size, by test type, 2018-2030 (US$M)
India Blood Testing Market Outlook Share, 2023 & 2030 (US$M)
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