India Post COVID Health Tests Market to Establish Growth Due to Rapid Technological Advancement Until FY2027
Increasing health concerns post COVID infection is driving the growth if India Post COVID Health Tests Market, FY2017-FY2027.
According to TechSci report on, “India Post COVID Health Tests Market By Type of Test (COVID-19 IgG Antibody Test, Hematology, Biochemistry Urea & Electrolytes, Liver Function Tests, Kidney Function Tests, Others) By Provider Type (Hospitals, Diagnostic chains, Stand-alone Centre) By End User (Corporate Clients, Walk-ins, Referrals) By Region, Competition Forecast & Opportunities, FY2027”, India post COVID health tests market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. India post COVID health tests market owes its growth to the factors like growing need for effective and early diagnosis for any adverse effects of the COVID-19 infection and vaccination.
Moreover, the rise in technological advancement in the health test, growth in the population being more aware about the need of early diagnosis of the diseases is accelerating the growth of the India post COVID health test market, in the upcoming five years. Government initiatives and favorable policies long with the funding for the healthcare industry that drives the India post COVID health test market toward a consistent growth. Market players are creating merges and acquisitions for the development and distribution of advanced post COVID health tests and the enhancement of post COVID health tests. These factors are anticipated to surge the growth of India post COVID health tests market in the next five years.
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The India post COVID health test market is segmented by type of test, provider type, end user, regional distribution, top 3 states analysis, and competitional landscape. Based on provider type, the market is further segmented into hospitals, diagnostic chains, and stand-alone center. Hospitals are anticipated to hold the largest revenue shares of the market on the account of large population being admitted in the hospitals for the viral infection treatment. The patients recovering from the infection are influenced to take the tests to verify the presence of antibodies such that further patients could be treated using the blood plasma from the previously infected patient that contains the presence of COVID-19 immunoglobulin G antibodies.
Based on type of test, the market is further bifurcated into COVID-19 IgG antibody test, hematology, biochemistry urea & electrolytes, liver function tests, kidney function tests, and others. COVID-19 IgG antibody test is anticipated to register fastest growing CAGR in the upcoming five years on the account of surge in the demand for the COVID-19 IgG antibodies in the patients that have already recovered from the infection. COVID-19 Immunoglobulin G antibodies are the immunoglobulin antibody proteins that are responsible for overcoming the COVID-19 viral infection.
With the help of self-sufficient immune system of the body, these immunoglobulin antibodies are generated and help in protection against the coronavirus. In some cases, the antibodies do not develop and the patient suffering from the viral infection requires artificial transfer of the plasma that contains higher concentration of the COVID-19 IgG and thus the test is required to collect the blood plasma samples and thus aiding the growth of the market.
Some of the top players in the India post COVID health test market is Dr. Lal Path Labs Limited, Metropolis Healthcare Ltd., SRL Diagnostics Pvt Ltd., Thyro care Technologies Limited, Max Healthcare Institute Limited, Apollo Hospitals Enterprise Ltd., Vijaya Diagnostic Centre Private Limited, Fortis Healthcare Limited, Max Healthcare Institute Limited, Quest Diagnostics India Pvt Ltd, among others. The companies are involving themselves into research and development for more advanced medical devices. Post COVID Health Tests are diagnostic imaging products and are in demand owing to the need of the healthcare industry. New players entering the market may form partnerships with other players or the end users of the industry for a consistent inflow of the product.
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“Post COVID health tests are one of the most important diagnostic procedures to assist the impact of COVID-19 virus on the population in the country. Market players are constantly researching and developing the technologically advanced tests to provide more efficient, cost-effective tests and processes that give early and efficient diagnosing of the target and chronic condition that may have evolved due to the infection, or the vaccination process. Government support toward the research and development is also one of the major drivers of the market. New players can focus on the investments and on the market launches of the technologically advanced tests,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Post COVID Health Tests Market By Type of Test (COVID-19 IgG Antibody Test, Hematology, Biochemistry Urea & Electrolytes, Liver Function Tests, Kidney Function Tests, Others) By Provider Type (Hospitals, Diagnostic chains, Stand-alone Centre) By End User (Corporate Clients, Walk-ins, Referrals) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India post COVID health tests market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India post COVID health tests market.
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