India Clinical Laboratory Tests Market Size & Outlook
India clinical laboratory tests market, 2018-2030 (US$M)
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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 2023 | USD 2,020.6 million |
| Market revenue in 2030 | USD 5,145.7 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Hba1c tests |
| Fastest growing segment | HGB/HCT tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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 |
| Key market players worldwide | Quest 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, Medsource Ozone Biomedicals 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.
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Clinical Laboratory Tests Market Scope
Clinical Laboratory Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
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India clinical laboratory tests market size, by type, 2018-2030 (US$M)
India Clinical Laboratory Tests Market Outlook Share, 2023 & 2030 (US$M)
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