Infectious, Lifestyle Diseases Pushing on Indian IVD Market

Released on: October 8, 2008, 2:48 am

Press Release Author: Shushmul Maheshwari

Industry: Healthcare

Press Release Summary: With a strong prevalence of both infectious and chronic
diseases, the Indian IVD market is experiencing robust double-digit growth and looks
set to become one of the largest markets in Asia.

Press Release Body: Our new research report, “Indian Healthcare - New Avenues for
Growth”, reveals that the large scale prevalence of infectious and chronic diseases
will enable India to become one of the fastest growing IVD markets in the world.

According to the report, the Indian IVD market was worth around US$ 293 Million in
2007, with routine chemistry and clinical chemistry being the largest segments in
the industry. The market was primilarly driven by the increase of both infectious
and lifestyle diseases. Infectious diseases such as malaria, tuberculosis, dengue
and hepatitis have a very high prevalence in India. We expect that owing to the
country’s low standards of hygiene and sanitary conditions, infectious diseases will
maintain their prevalence in future as well. Thus, detection and monitoring of
infectious diseases is likely to remain a strong growth area in the IVD market in

In addition to infectious diseases, the research has found that increasing
urbanization, unhealthy diets and growing sedentary lifestyle have strongly boosted
the prevalence of lifestyle-related diseases such as diabetes and cardiovascular
diseases in the country. For instance, in 2007, India had an estimated 34 Million
diabetes patients - the highest in the world. The report cites that the strong rise
in the number of diabetes patients in India has created a huge opportunity for
diabetes diagnostic and monitoring devices.

According to our research, the IVD market of India is projected to grow at a CAGR of
around 17% by 2012, enabling the country to become Asia’s third largest IVD market
after Japan and China.

“Indian Healthcare - New Avenues for Growth” contains unique market-based research
and provides through and prudent analysis on the Indian healthcare market. It
provides extensive statistical and analytical outline on the Indian healthcare
market and gives past, present and future data on its structure, composition and
working. The research study intensively discusses the new avenues and challenges
that are anticipated to stem both within and from the healthcare market in future.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today's globally competitive environment.

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