India Cancer Diagnostics Market Size & Outlook, 2023-2030
India cancer diagnostics market, 2018-2030 (US$M)
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India cancer diagnostics market highlights
- The India cancer diagnostics market generated a revenue of USD 2,503.8 million in 2023 and is expected to reach USD 4,943.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cancer diagnostics market data book summary
| Market revenue in 2023 | USD 2,503.8 million |
| Market revenue in 2030 | USD 4,943.4 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Instruments, Consumables |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, GE HealthCare Technologies Inc Common Stock, Qiagen NV, Becton Dickinson & Co, Koninklijke Philips NV, Siemens Healthineers AG ADR, Hologic Inc, Thermo Fisher Scientific Inc, Illumina Inc |
Other key industry trends
- In terms of revenue, India accounted for 2.3% of the global 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 cancer diagnostics 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 8,680.0 million by 2030.
Consumables was the largest segment with a revenue share of 59.95% in 2023. Horizon Databook has segmented the India cancer diagnostics market based on services, instruments, consumables covering the revenue growth of each sub-segment from 2018 to 2030.
Several key players are focusing on developments to provide diagnostic tests in India. For instance, in March 2023, Roche Diagnostics India entered into an agreement with the Cancer Awareness Prevention and Early Detection Trust (CAPED) to promote cancer prevention, awareness, and early detection.
Similarly, in September 2022, AstraZeneca India and the CAPED Trust launched the Ganga Godavari Cancer Screening Program to reduce India’s cancer burden. This would further create major opportunities in the local cancer diagnostics market.
On the other hand, increasing support from government funding agencies is expected to propel market growth. The Department of Biotechnology (DBT) plays an important role in managing and controlling cancer in India.
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Cancer Diagnostics Market Scope
Cancer Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cancer diagnostics market size, by product, 2018-2030 (US$M)
India Cancer Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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