India Std Diagnostics Market Size & Outlook, 2023-2030
India std diagnostics market, 2017-2030 (US$M)
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India std diagnostics market highlights
- The India std diagnostics market generated a revenue of USD 276.9 million in 2023 and is expected to reach USD 517.5 million by 2030.
- The India market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, consumables (reagents and kits) was the largest revenue generating product in 2023.
- Consumables (Reagents and kits) is the most lucrative product segment registering the fastest growth during the forecast period.
Std diagnostics market data book summary
| Market revenue in 2023 | USD 276.9 million |
| Market revenue in 2030 | USD 517.5 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumables (reagents and kits) |
| Fastest growing segment | Consumables (Reagents and kits) |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments & Services, Consumables (Reagents and kits), Softwares |
| Key market players worldwide | BD, Roche, Hologic Inc, Abbott Laboratories, Danaher Corp, Qiagen NV, OraSure Technologies Inc, Bio-Rad Laboratories Inc, BioMerieux SA, Thermo Fisher Scientific Inc, Seegene, Diasorin SpA |
Other key industry trends
- In terms of revenue, India accounted for 2.8% of the global std diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China std 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 812.1 million by 2030.
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STD Diagnostics Market Scope
STD Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India std diagnostics 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 std diagnostics market will help companies and investors design strategic landscapes.
Consumables (reagents and kits) was the largest segment with a revenue share of 69.84% in 2023. Horizon Databook has segmented the India std diagnostics market based on instruments & services, consumables (reagents and kits), softwares covering the revenue growth of each sub-segment from 2017 to 2030.
The increasing incidence of STDs such as HPV and HBV may lead to regular screenings and diagnostics procedures. According to National AIDS Control Organization, around 234,800 people were suffering from HIV along with 69,220 new cases in 2019.
India's current National Strategic Plan highlights the necessity to create evidence regarding HIV self-testing in order to contain the disease. However, the country has no policy on the subject due to lack of implementing & evaluating HIV self-tests and studies on the subject.
In India, there is currently no indigenous HIV self-test accessible, and the HIV self-test approach has yet to be included in NACP. In this regard, an adequate policy framework and direction are critical.
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Our clientele includes a mix of std diagnostics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India std diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into India std diagnostics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India std diagnostics market size, by product, 2017-2030 (US$M)
India STD Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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