“NIPT represents an untapped potential market of over US$ 400 Million in India, Says RNCOS Research”.
Noida, UP -- (SBWIRE) -- 07/14/2014 -- Several factors including huge patient population, growth in country’s total healthcare expenditure and highly efficient pathology services offers immense scope for NIPT in Indian market. The country’s government is increasing public expenditure to approximately 2.5% of GDP. Besides, increasing spending power of middle class population also encourages the market to grow, simultaneously fuelling the demand for efficient healthcare services. Moreover, a rising trend of birth rate has been observed in Indian cities thereby surging the demand for NIPT tests in future. Even the gaining popularity of IVF clinics in Indian states will also create a growth potential for NIPT players in Indian market.
However, demand for adoption of NIPT has increased in India owing to 70% of the treatment decisions based on pathology lab tests. The market has witnessed a phenomenal growth in the organized market players thereby providing opportunities for non invasive prenatal tests across the country. Even diagnostic service market players have been aggressively involved in partnerships/collaborations to affect the market potential. In future, NIPT tests will be eagerly adopted y IVF clinics that are witnessing a huge surge in fertility tourism.
As per RNCOS Report “Emerging Indian NIPT Market”, increasing number of births and increased affordability among consumers for NIPT are some of the factors influencing the growth of NIPT market across India. The report has studied various macroeconomic factors and healthcare infrastructure influencing the NIPT market in India. RNCOS has used its expertise in the Indian IVF and diagnostic services market to provide a relevant snapshot of these markets in the report. Leading players in both markets have been profiled with details about their infrastructure and analysis of their strengths and weaknesses, which will prove to be of value to NIPT players looking for partnering opportunities in India. Besides, to offer a glimpse of NIPT players in the global market to the diagnostic services players looking forward for partnerships and collaborations, detailed profiling of NIPT players, including the description of their test offering along with strengths and weaknesses analysis of their NIPT business has been provided. The report also includes the findings from another RNCOS survey namely Gynecologists survey to assess the potential for NIPT in India.
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