Wednesday, May 28, 2014

Business Survey In India Genomics And Molecular Diagnostics Market Prospects To 2018 - Driven By Automation And Introduction Of New Technologies

India Genomics And Molecular Diagnostics Market Prospects To 2018 - Driven By Automation And Introduction Of New Technologies

The report titled ‘India Genomics and Molecular Diagnostics Market Prospects to 2018 – Driven by Automation and Introduction of New Technologies’ presents a comprehensive analysis of the industry aspects including market size by value of molecular diagnostics market in India. The report also entails the market share analysis and company profiles of major players operating in the molecular diagnostics market of India. The future analysis, trends and developments, government regulations and segmentation by application have also been discussed in the industry research report.

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The advent of the latest inventions and technologies in accurate detection and quicker screening, and the prolific growth in genetic testing have driven the revenues of the Indian molecular diagnostics market in recent years. The increase in the number of patients stricken with infectious diseases have propelled the revenue growth in FY’2013, which has increased 14.3% to INR  million from INR  million in FY’2012.

Reagents led the revenues from the molecular diagnostics space with a percentage contribution of % of the total market in fiscal year 2013. The market has transformed from being a labor intensive to the inclusion of latest technologies. Majority of the reagents sales have historically been attributed to the diagnosis of infectious diseases such as tuberculosis, gonorrhea, Chlamydia and influenza virus, as well as the identification and predisposition to several conditions such as cancer and cystic fibrosis.

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The molecular diagnostics reagents market in India is segmented on the basis of application which includes virology tests, cancer detection, tuberculosis testing, blood screening, HPV testing and others. Molecular diagnosis helps in providing critical information that the healthcare providers and patients need in order to make the right decisions. Molecular diagnostics help in detecting and measuring the presence of genetic material which are associated with a specific health condition.

The molecular diagnostics market in India is majorly dominated by the virology tests market with a share of % in FY’2013. The infectious diseases such as HIV, HPV, hepatitis B and C and tuberculosis are prevalent in India. The combination of infectious disease immunoassay and molecular testing offers a complete solution for diagnosis and monitoring of HIV and hepatitis. Tuberculosis is one of the major causes of deaths among the people of India. Tuberculosis testing market held a share of % in FY’2013 which has grown from 14.3% in FY’2008. It has been observed that in 2012 about 1.3 million people in the world were killed due to tuberculosis and India accounted for 26% of the total TB cases globally. The rising number of tuberculosis cases in the country has contributed to a strong growth of TB testing in the molecular diagnostics market of India.

With the health insurance cover expected to increase, the health insurance industry is expected to integrate strongly with diagnostic centres. As the number of people having health insurance policies increases and outpatient diagnostics gets covered, health insurance companies will partner with diagnostic centres for standardized services. Products with superior technologies such as broader range application equipment and multitasking reagents will continue to find a deeper penetration in the Indian molecular diagnostics market. New technologies also will bring greater effectiveness to current methods. Technologies such as nanotechnology are likely to support the development of the molecular diagnostics field. The molecular diagnostic market is presently at its growing stage in the country and is expected to capture a significant share in the in-vitro diagnostics market in the coming years.

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Key Topics Covered in the Report:

The market size of India molecular diagnostics market in terms of value
India molecular diagnostics market segmentation by reagents and instruments
India molecular diagnostics instruments market segmentation by fully automated and semi-automated analyzers
India molecular diagnostics reagents market segmentation by application (virology tests, tuberculosis testing, cancer detection, blood screening tests, HPV testing and others)
India molecular diagnostics  market segmentation by end users and manufacturers
Market size of India virology tests using molecular diagnostics market
Market size of India tuberculosis tests using molecular diagnostics market
Market size of India cancer detection using molecular diagnostics market
Market size of India molecular blood screening test market
Market size of India molecular HPV tests market
Market size of India other molecular tests market (genetic testing and industrial and food diagnostics)
Trends and Developments and Government regulations in the molecular diagnostics market of India
Market share of major players in India molecular diagnostics market
Competitive landscape of India molecular diagnostics market
Future projections and macro economic factors of India molecular diagnostics market

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