IVD India Insights Report 2024

India’s diagnostics market is vast, fragmented, and evolving faster than ever. With 130,000+ labs, shifting regulations, and rising demand from chronic disease management, the IVD sector is both one of the most complex and fastest growing markets in Asia.Our new Clearstate India IVD Market Insight Report 2024 unpacks what this means for MedTech leaders.

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Fragmented scale

130,000+ labs nationwide, but fewer than 5,000 NABL-accredited

Urban–rural imbalance

Urban–rural imbalance: 65% of the population lives outside cities, yet advanced diagnostics remain concentrated in metros.

Consolidation effect

4–5 national lab networks already control ~35% of urban diagnostic volumes.

Growth hotspots

Molecular diagnostics (+11% CAGR) and tissue diagnostics (+14% CAGR) are set to outpace the market.

Hub-and-spoke expansion

Organized lab networks are driving digital adoption, home collection, and access to smaller towns.