India In Vitro Diagnostics Quality Control Market Size & Outlook
India in vitro diagnostics quality control market, 2018-2030 (US$M)
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India in vitro diagnostics quality control market highlights
- The India in vitro diagnostics quality control market generated a revenue of USD 26.1 million in 2023 and is expected to reach USD 38.1 million by 2030.
- The India market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, controls was the largest revenue generating product in 2023.
- Calibrators is the most lucrative product segment registering the fastest growth during the forecast period.
In vitro diagnostics quality control market data book summary
| Market revenue in 2023 | USD 26.1 million |
| Market revenue in 2030 | USD 38.1 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Controls |
| Fastest growing segment | Calibrators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Controls, Calibrators |
| Key market players worldwide | Siemens Healthineers AG ADR, Abbott Laboratories, Bio-Rad Laboratories Inc, Danaher Corp, Roche Holding AG ADR, Sysmex Corp, QuidelOrtho Corp, Thermo Fisher Scientific Inc, BD, Merck KGaA, Qiagen NV, Hologic Inc, Bio-Techne Corp, Randox, Helena Laboratories, Seracare Life Sciences, Fortress Diagnostics, Microbiologics, TRINA BIOREACTIVES, Cone Bioproducts, Biorex Food Diagnostics |
Other key industry trends
- In terms of revenue, India accounted for 2.0% of the global in vitro diagnostics quality control market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China in vitro diagnostics quality control 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 38.1 million by 2030.
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In Vitro Diagnostics Quality Control Market Scope
In Vitro Diagnostics Quality Control Market Companies
| Name | Profile | # Employees | HQ | Website |
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India in vitro diagnostics quality control 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 in vitro diagnostics quality control market will help companies and investors design strategic landscapes.
Controls was the largest segment with a revenue share of 48.28% in 2023. Horizon Databook has segmented the India in vitro diagnostics quality control market based on controls, calibrators covering the revenue growth of each sub-segment from 2018 to 2030.
The well-distributed network of clinical laboratories in India is leading to higher and faster adoption of IVD quality control products. Although IVD testing is costlier and affordable only to the upper-tier economic group, the rapid economic development of the country has significantly impelled market growth.
This factor, along with the demand for better diagnosis and preventive medicine, renders the future outlook of the Indian IVD quality control market very promising. Moreover, increasing government support is expected to drive growth of the market in India.
The Indian government, via its flagship Make in India initiative, supports the developers and manufacturers to meet the increasing demand for essential healthcare equipment for the country. This initiative is driving the Indian medical devices sector to self-reliance.
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Our clientele includes a mix of in vitro diagnostics quality control 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 in vitro diagnostics quality control market , including forecasts for subscribers. This country databook contains high-level insights into India in vitro diagnostics quality control market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India in vitro diagnostics quality control market size, by product, 2018-2030 (US$M)
India In Vitro Diagnostics Quality Control Market Outlook Share, 2023 & 2030 (US$M)
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