Indian IVD industry
The Indian IVD industry is a part of
the growing Indian Biotech sector that is carving
a niche for itself in the International arena.
With the Indian economy blazing away
on a high growth path, urbanisation and increase in
disposable incomes is influencing the growth of the
healthcare sector in India.
Better patient awareness with accent
on objective and informed diagnosis is fuelling the
growth of the IVD industry. The IVD industry in India
is growing rapidly to keep pace with the demands made
on it by the healthcare professionals both nationally
The IVD market in India is valued at
approximately USD 150 million per annum for reagent
kits and laboratory equipments and is growing at 20%
per annum on a compounded basis.
The Indian IVD manufacturers are playing
a leading role in spearheading this growth, and are
increasingly using their expertise to also conquer