India Clinical Laboratory Tests Market Size & Outlook

The clinical laboratory tests market in India is expected to reach a projected revenue of US$ 5,145.7 million by 2030. A compound annual growth rate of 14.3% is expected of India clinical laboratory tests market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,020.6
Forecast, 2030 (US$M)
$5,145.7
CAGR, 2024 - 2030
14.3%
Report Coverage
India

India clinical laboratory tests market highlights

  • The India clinical laboratory tests market generated a revenue of USD 2,020.6 million in 2023 and is expected to reach USD 5,145.7 million by 2030.
  • The India market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
  • In terms of segment, hba1c tests was the largest revenue generating type in 2023.
  • HGB/HCT tests is the most lucrative type segment registering the fastest growth during the forecast period.


Clinical laboratory tests market data book summary

Market revenue in 2023USD 2,020.6 million
Market revenue in 2030USD 5,145.7 million
Growth rate14.3% (CAGR from 2023 to 2030)
Largest segmentHba1c tests
Fastest growing segmentHGB/HCT tests
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationComplete blood count, HGB/HCT tests, Basic metabolic panel, BUN creatinine tests, Electrolytes testing, HbA1c tests, Comprehensive metabolic panel tests, Liver panel tests, Renal panel tests, Lipid panel tests
Key market players worldwideQuest Diagnostics Inc, Abbott Laboratories, Labcorp Holdings Inc, ARUP Laboratories, OPKO Health Inc, Clinical Reference Laboratory, Sonic Healthcare Ltd, Cinven, Unilabs


Other key industry trends

  • In terms of revenue, India accounted for 1.8% of the global clinical laboratory tests market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China clinical laboratory tests 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 5,145.7 million by 2030.

Hba1c tests was the largest segment with a revenue share of 12.38% in 2023. Horizon Databook has segmented the India clinical laboratory tests market based on complete blood count, hgb/hct tests, basic metabolic panel, bun creatinine tests, electrolytes testing, hba1c tests, comprehensive metabolic panel tests, liver panel tests, renal panel tests, lipid panel tests covering the revenue growth of each sub-segment from 2018 to 2030.


The market in India is driven by factors such as the high prevalence of chronic diseases, an increase in disposable income, and improvements in the healthcare scenario. According to National Crime Records Bureau in 2021, over 28,449 deaths due to cardiac diseases were reported in the country.

In addition, the presence of key companies and efforts to implement the Make in India project has attracted various other companies, which has increased the market potential of clinical laboratory tests in India.

Moreover, in December 2022, Med source Ozone Bio medicals launched its made-in-India autoimmune assays. These test kits, created in partnership with their German counterpart, Human Diagnostics GmbH, at a cutting-edge manufacturing facility in Faridabad, aid in the detection of autoimmune illnesses.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Clinical Laboratory Tests Market Companies

Name Profile # Employees HQ Website

India clinical laboratory tests market size, by type, 2018-2030 (US$M)

India Clinical Laboratory Tests Market Outlook Share, 2023 & 2030 (US$M)

India clinical laboratory tests market size, by type, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more