India Tissue Diagnostics Market Size & Outlook, 2023-2030
India tissue diagnostics market, 2018-2030 (US$M)
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India tissue diagnostics market highlights
- The India tissue diagnostics market generated a revenue of USD 269.7 million in 2023 and is expected to reach USD 526.4 million by 2030.
- The India market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, immunohistochemistry was the largest revenue generating technology in 2023.
- Digital Pathology and Workflow is the most lucrative technology segment registering the fastest growth during the forecast period.
Tissue diagnostics market data book summary
| Market revenue in 2023 | USD 269.7 million |
| Market revenue in 2030 | USD 526.4 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Immunohistochemistry |
| Fastest growing segment | Digital Pathology and Workflow |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Immunohistochemistry, In situ Hybridization, Primary & Special Staining, Digital Pathology and Workflow, Anatomic Pathology, Molecular Pathology |
| Key market players worldwide | Roche Holding AG ADR, Abbott Laboratories, Thermo Fisher Scientific Inc, Siemens AG, Danaher Corp, BioMerieux SA, Qiagen NV, BD, Merck KGaA, GE Aerospace, Agilent Technologies Inc, Biogenex, Cell Signaling Technology, Bio SB, DiaGenic |
Other key industry trends
- In terms of revenue, India accounted for 3.3% of the global tissue 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 tissue diagnostics 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 526.4 million by 2030.
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Tissue Diagnostics Market Scope
Tissue Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India tissue 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 tissue diagnostics market will help companies and investors design strategic landscapes.
Immunohistochemistry was the largest segment with a revenue share of 25.7% in 2023. Horizon Databook has segmented the India tissue diagnostics market based on immunohistochemistry, in situ hybridization, primary & special staining, digital pathology and workflow, anatomic pathology, molecular pathology covering the revenue growth of each sub-segment from 2018 to 2030.
Indian market for tissue diagnostics is one of the Asian markets with huge potential for growth. Factors such as increased spending, growing disease burden and higher awareness levels have spurred the medical technology sector and diagnostics technology in particular.
Government aid such as expansion of pathological labs into smaller towns and rural areas, development of clinical market will all together are expected to propel the market growth. Analysts suggest that growth in diagnostics would be across the market ranging from the field of biochemistry, hematology, immunoassays, molecular diagnostics, reagents, and tissue diagnostics.
Most of the market is expected to be ruled by hospitals and on the other hand, multinational companies are expected to dominate the market with more 60% of the share. Market being very competitive, domestic companies are stepping up and are in line with production of better reagents & instrumentation.
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Our clientele includes a mix of tissue diagnostics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 tissue diagnostics market , including forecasts for subscribers. This country databook contains high-level insights into India tissue diagnostics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India tissue diagnostics market size, by technology, 2018-2030 (US$M)
India Tissue Diagnostics Market Outlook Share, 2023 & 2030 (US$M)
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