India In Vitro Diagnostics Market Size & Outlook, 2025-2028
India In Vitro Diagnostics Market Size
According to Straits Research analysis, the India In Vitro Diagnostics market was valued at USD 3244.49 Million in 2024 and is projected to reach USD 4349.14 Million by 2028, expanding at a CAGR of 7.8% during the forecast period. Predominantly, the healthcare and pharmaceutical industries are driving the growth of this market due to the growing reliance on advanced diagnostic techniques for early disease detection. Key market stimulators include increasing prevalence of chronic diseases and technological progress in diagnostics capabilities. Furthermore, the emergence of point-of-care testing and personalized medicine is creating significant opportunities for market expansion. In view of these advancements, India is effectively positioning itself as a notable player in the global In Vitro Diagnostics market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India In Vitro Diagnostics Market Highlights
- Reagents and Kits held the leading position among Product and Services segments in 2024, based on market size.
- Reagents and Kits is projected to post the fastest growth rate, sustaining its position as the most attractive Product and Services segment during the forecast horizon.
- As of 2024, India held 3.91% of the global in vitro diagnostics market size.
- By 2028, United States is anticipated to capture the largest share of the global in vitro diagnostics market.
- In Asia Pacific, China is expected to lead the regional in vitro diagnostics market size by 2028.
- India will remain the fastest-growing market in Asia Pacific, reaching USD 58503 Million by 2028.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2020-2028 |
| Historical Period | 2020-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 3244.49 Million |
| Market Size In 2028 | USD 4349.14 Million |
| Largest segment | Reagents and Kits |
| Fastest segment | Reagents and Kits |
| Units | Revenue in USD Million |
| CAGR | 7.8% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India In Vitro Diagnostics Market Share By Product and Services
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Product and Services |
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| Technology |
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| Application |
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| End User |
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India In Vitro Diagnostics Market By Product and Services 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India In Vitro Diagnostics Market By Technology 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India In Vitro Diagnostics Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India In Vitro Diagnostics Market By End User 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
