×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

India IVD Contract Manufacturing Market

ID: MRFR/MED/50825-HCR
200 Pages
Rahul Gotadki
October 2025

India IVD Contract Manufacturing Market Research Report By Product Type (Reagents, Diagnostic Devices, Assay Kits, Consumables), By Technology (Molecular Diagnostics, Immunoassays, Clinical Chemistry, Microbiology), By End-user (Hospitals, Diagnostic Laboratories, Research Institutions, Home Care), and By Service Type (Manufacturing Services, Research and Development Services, Packaging Services)- Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

India IVD Contract Manufacturing Market Infographic
Purchase Options

India IVD Contract Manufacturing Market Summary

As per analysis, the ivd contract-manufacturing market size was estimated at 905.0 USD Million in 2024. The ivd contract-manufacturing market is projected to grow from 1013.6 USD Million in 2025 to 3148.7 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 12.0% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The India IVD contract-manufacturing market is poised for growth driven by technological advancements and increasing demand for diagnostic solutions.

  • Technological advancements are enhancing the efficiency and accuracy of IVD products in India.
  • Regulatory compliance is becoming increasingly stringent, necessitating robust quality assurance processes.
  • The largest segment in the market is the molecular diagnostics sector, while the fastest-growing segment is point-of-care testing.
  • Rising demand for diagnostic testing and government initiatives are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 905.0 (USD Million)
2035 Market Size 3148.7 (USD Million)
CAGR (2025 - 2035) 12.0%

Major Players

Thermo Fisher Scientific (US), Roche Diagnostics (CH), Abbott Laboratories (US), Siemens Healthineers (DE), Danaher Corporation (US), Becton Dickinson and Company (US), bioMérieux (FR), Ortho Clinical Diagnostics (US), Hologic (US)

India IVD Contract Manufacturing Market Trends

The ivd contract-manufacturing market is currently experiencing notable growth, driven by increasing demand for diagnostic testing and advancements in technology. The rise in chronic diseases and the need for early detection are propelling healthcare providers to seek efficient manufacturing solutions. This market is characterized by a diverse range of players, including established firms and emerging startups, all vying for a share of the expanding opportunities. Furthermore, the regulatory landscape is evolving, with stricter guidelines aimed at ensuring quality and safety in manufacturing processes. This shift is likely to influence operational strategies and investment decisions within the sector. In addition, the emphasis on cost-effective solutions is prompting companies to explore partnerships and collaborations. Such alliances may enhance innovation and streamline production processes, ultimately benefiting end-users. The focus on sustainability is also becoming increasingly relevant, as manufacturers seek to minimize their environmental impact while meeting the growing expectations of consumers. Overall, the ivd contract-manufacturing market appears poised for continued expansion, with various factors contributing to its dynamic landscape.

Technological Advancements

The ivd contract-manufacturing market is witnessing rapid technological innovations that enhance production efficiency and product quality. Automation and digitalization are becoming integral, allowing for streamlined operations and reduced turnaround times. These advancements not only improve manufacturing processes but also facilitate compliance with regulatory standards.

Regulatory Compliance

The evolving regulatory environment is significantly impacting the ivd contract-manufacturing market. Stricter guidelines are being implemented to ensure product safety and efficacy. Manufacturers are increasingly focusing on compliance, which may lead to higher operational costs but ultimately enhances consumer trust and market credibility.

Sustainability Initiatives

Sustainability is emerging as a critical focus within the ivd contract-manufacturing market. Companies are adopting eco-friendly practices and materials to reduce their environmental footprint. This trend reflects a growing awareness of corporate responsibility and aligns with consumer preferences for sustainable products.

India IVD Contract Manufacturing Market Drivers

Cost-Effectiveness of Outsourcing

Outsourcing manufacturing processes has become a strategic approach for many companies in the ivd contract-manufacturing market. By leveraging the expertise of specialized manufacturers, companies can reduce operational costs and enhance efficiency. In India, the cost of labor is relatively lower compared to developed nations, making it an attractive destination for contract manufacturing. This cost advantage allows companies to allocate resources more effectively, potentially increasing their market share. As a result, the ivd contract-manufacturing market is witnessing a shift towards outsourcing, which is expected to continue driving growth in the coming years.

Innovation in Product Development

The ivd contract-manufacturing market is experiencing a surge in innovation, driven by advancements in technology and research. Companies are increasingly focusing on developing novel diagnostic products that meet the evolving needs of healthcare providers and patients. This innovation is not only enhancing the accuracy and speed of diagnostics but also expanding the range of tests available. For instance, the introduction of point-of-care testing devices is revolutionizing the way diagnostics are conducted. As a result, the ivd contract-manufacturing market is likely to see a rise in demand for manufacturers who can support the development of these cutting-edge products.

Government Initiatives and Support

The Indian government has been actively promoting the healthcare sector, including the ivd contract-manufacturing market, through various initiatives and policies. Programs aimed at enhancing healthcare infrastructure and increasing access to diagnostic services are likely to create a favorable environment for market growth. Additionally, the government is encouraging foreign investment in the healthcare sector, which could lead to increased collaboration between local manufacturers and international companies. This supportive regulatory framework is expected to bolster the ivd contract-manufacturing market, making it an attractive option for both domestic and foreign players.

Rising Demand for Diagnostic Testing

The increasing prevalence of chronic diseases and the growing awareness of preventive healthcare are driving the demand for diagnostic testing in India. This trend is particularly evident in the ivd contract-manufacturing market, where the need for accurate and timely diagnostics is paramount. According to recent estimates, the Indian diagnostic market is projected to reach approximately $10 billion by 2025, with a significant portion attributed to in vitro diagnostics. As healthcare providers seek reliable partners for manufacturing, the ivd contract-manufacturing market is likely to experience substantial growth, fueled by the need for innovative diagnostic solutions that cater to diverse healthcare needs.

Growing Focus on Personalized Medicine

The shift towards personalized medicine is reshaping the landscape of the ivd contract-manufacturing market in India. As healthcare providers increasingly recognize the importance of tailored treatments, the demand for diagnostic tests that can guide personalized therapy is on the rise. This trend is prompting manufacturers to develop more sophisticated testing solutions that can provide insights into individual patient profiles. Consequently, the ivd contract-manufacturing market is likely to expand as companies seek to innovate and produce tests that align with the principles of personalized medicine, thereby enhancing patient outcomes.

Market Segment Insights

By Product Type: Reagents (Largest) vs. Assay Kits (Fastest-Growing)

The market share distribution among the product types in the India ivd contract-manufacturing market shows Reagents as the dominant player, contributing significantly to overall revenues. Diagnostic Devices also hold a substantial share but remain closely followed by Consumables, while Assay Kits are rapidly gaining traction due to increasing demand for streamlined testing processes. The collective growth in diagnostics has fueled the preference for these segments, leading to a competitive landscape. Growth trends indicate a marked shift towards innovations in Assay Kits with respect to rapid testing solutions. These are perceived as emerging necessities for healthcare facilities to enhance efficiency and accuracy. Reagents continue to be the backbone of diagnostics, but the rising focus on point-of-care testing and personalized medicine is propelling the Assay Kits into the spotlight, marking them as the fastest-growing area of the market.

Reagents (Dominant) vs. Assay Kits (Emerging)

Reagents, recognized as the dominant segment in the India ivd contract-manufacturing market, play a critical role in the overall diagnostic landscape, providing essential materials for various testing applications. They are favored for their versatility and reliability in delivering accurate results across a range of tests. Conversely, Assay Kits represent an emerging trend, reflecting heightened interest among healthcare providers for efficient and rapid diagnostic solutions. These kits not only streamline the testing process but are also becoming integral in responding to public health demands. The demand for Assay Kits signifies a paradigm shift towards more efficient, user-friendly testing methods, positioning them as a vital part of future innovations in the market.

By Technology: Molecular Diagnostics (Largest) vs. Immunoassays (Fastest-Growing)

The India ivd contract-manufacturing market showcases a diverse distribution among its technology segments. Molecular Diagnostics holds the largest share, driven by the increasing prevalence of chronic diseases and the demand for accurate diagnostic solutions. Immunoassays, while smaller in share, are gaining traction due to the rising focus on rapid testing methods and point-of-care applications. Growth trends in this market are significantly influenced by technological advancements and increasing investments in R&D. The rise in personalized medicine and the adoption of innovative diagnostic technologies are propelling the growth of Immunoassays, making it the fastest-growing segment. Additionally, regulatory support and a growing awareness of early diagnosis play a crucial role in enhancing the overall market dynamics.

Technology: Molecular Diagnostics (Dominant) vs. Immunoassays (Emerging)

Molecular Diagnostics remains the dominant technology in the India ivd contract-manufacturing market, renowned for its precision and capability to detect genetic disorders and infectious diseases at an early stage. Its comprehensive applications, ranging from non-invasive prenatal testing to viral load monitoring, cater to an expanding healthcare landscape. On the other hand, Immunoassays are emerging rapidly, primarily due to their efficiency and adaptability in detecting various biomarkers. These tests require minimal sample volumes and offer quicker results, making them ideal for point-of-care settings. The innovation in assay formats and the incorporation of automation in laboratories are enhancing their market potential.

By End User: Hospitals (Largest) vs. Diagnostic Laboratories (Fastest-Growing)

The market share distribution in the India ivd contract-manufacturing market shows that hospitals constitute the largest segment, reflecting their essential role in the healthcare system. They significantly influence the demand for diagnostic services, contributing to a considerable slice of the market. In contrast, diagnostic laboratories are rapidly gaining ground, owing to the increasing need for specialized testing and the rise of personalized medicine. These laboratories are pivotal in offering a broad range of tests that cater to diverse healthcare demands. Growth trends for the end user segment indicate a shift towards more decentralized healthcare, with an increasing preference for home care solutions alongside the established dominance of hospitals. This trend is driven by technological advancements that enable remote monitoring and testing, as well as a growing focus on patient-centric care. Research institutions are also expanding their influence, as they require comprehensive data to support clinical studies and trials, further propelling the market dynamics.

Hospitals: Dominant vs. Diagnostic Laboratories: Emerging

Hospitals serve as the cornerstone of the healthcare delivery system, characterized by their extensive infrastructure and multidisciplinary teams of professionals. They require a variety of diagnostic products and services to support a wide array of medical procedures, thus maintaining a dominant presence in the India ivd contract-manufacturing market. In contrast, diagnostic laboratories represent an emerging segment, equipped with innovative technologies and capabilities to conduct advanced tests that can lead to early disease detection and improved patient outcomes. Their growth is fueled by increased public awareness, regulatory support, and the demand for rapid and accurate diagnostics, making them an integral part of the evolving healthcare landscape.

By Service Type: Manufacturing Services (Largest) vs. Research and Development Services (Fastest-Growing)

In the India ivd contract-manufacturing market, the distribution of market share among service types reveals that Manufacturing Services holds the largest share, driven by the robust demand for efficient production capabilities. Research and Development Services, while smaller in share, is witnessing rapid growth as companies emphasize innovation and the development of new products to stay competitive. Packaging Services, although important, occupies a more niche position in the market. The growth trends for the services are influenced by several factors. The manufacturing sector's expansion is largely due to technological advancements and increasing outsourcing by companies seeking to reduce costs. Conversely, Research and Development Services are growing faster due to a heightened focus on research and innovation in diagnostic technologies, allowing firms to speed up product development cycles and enhance their market offerings.

Manufacturing Services (Dominant) vs. Research and Development Services (Emerging)

Manufacturing Services are characterized by their established position in the market, catering to a broad range of clients with varying production needs. This segment is recognized for its efficiency and quality control, making it a preferred choice for many companies. In contrast, Research and Development Services represent an emerging area, focusing on innovation and the development of new diagnostic products. This segment attracts investment as firms look to differentiate themselves through advanced technologies and unique offerings. With increased funding and a drive for innovation, Research and Development Services are poised to reshape the market landscape in the coming years.

Get more detailed insights about India IVD Contract Manufacturing Market

Key Players and Competitive Insights

The ivd contract-manufacturing market in India is characterized by a dynamic competitive landscape, driven by increasing demand for diagnostic solutions and technological advancements. Major players such as Thermo Fisher Scientific (US), Roche Diagnostics (CH), and Abbott Laboratories (US) are strategically positioned to leverage innovation and regional expansion. These companies focus on enhancing their product portfolios through mergers and acquisitions, thereby strengthening their market presence. The collective strategies of these firms contribute to a competitive environment that is increasingly focused on technological differentiation and customer-centric solutions.

Key business tactics employed in this market include localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a diverse range of offerings, catering to various customer needs while fostering innovation through competition among established and emerging players.

In October 2025, Thermo Fisher Scientific (US) announced the opening of a new manufacturing facility in Pune, aimed at increasing production capacity for its diagnostic products. This strategic move is likely to enhance local supply chain capabilities and reduce lead times, positioning the company favorably against competitors. The establishment of this facility underscores the importance of localized manufacturing in meeting the growing demand for diagnostic solutions in the region.

In September 2025, Roche Diagnostics (CH) launched a new line of point-of-care testing devices tailored for the Indian market. This initiative reflects the company's commitment to innovation and responsiveness to local healthcare needs. By introducing these devices, Roche aims to improve accessibility to diagnostic testing, thereby enhancing patient outcomes and solidifying its competitive edge in the market.

In August 2025, Abbott Laboratories (US) entered into a strategic partnership with a local biotech firm to co-develop next-generation diagnostic assays. This collaboration is indicative of a broader trend towards strategic alliances that leverage local expertise and innovation. Such partnerships are likely to accelerate product development timelines and enhance the overall competitiveness of Abbott's offerings in the Indian market.

As of November 2025, current trends in the ivd contract-manufacturing market include a pronounced shift towards digitalization, sustainability, and the integration of artificial intelligence (AI) in diagnostic processes. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is expected to evolve, with a greater emphasis on innovation and technology rather than solely on price. The focus on supply chain reliability and advanced technological solutions will likely define the future trajectory of the market.

Key Companies in the India IVD Contract Manufacturing Market market include

Industry Developments

Recent developments in the India In Vitro Diagnostics (IVD) Contract Manufacturing Market indicate a strong growth trajectory, bolstered by an increasing demand for rapid testing solutions, especially in light of the COVID-19 pandemic. Major companies, including Abbott Laboratories and Roche Diagnostics, have been enhancing their production capabilities, aligning with the rising need for diagnostic tests.

In March 2023, Meridian Bioscience announced a strategic expansion of its manufacturing footprint in India, which is aimed at elevating its capacity to produce diagnostic reagents. The market has also seen notable mergers and acquisitions, with Sysmex Corporation acquiring key assets from a local manufacturer to streamline its operations in January 2023.

Furthermore, Siemens Healthcare has invested in developing advanced diagnostics technology in India, catering to both local and international markets. Current valuation estimates indicate the market is poised for significant growth, reflecting the vital role of IVD companies in healthcare and diagnostics infrastructure.

The Indian government's support for the medical devices sector, including favorable policies and investment incentives, has also positively impacted the industry as it adapts to changing healthcare paradigms.

Future Outlook

India IVD Contract Manufacturing Market Future Outlook

The IVD Contract Manufacturing Market is projected to grow at a 12.0% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for diagnostics, and regulatory support.

New opportunities lie in:

  • Development of customized diagnostic kits for niche markets.
  • Investment in automation technologies to enhance production efficiency.
  • Expansion of partnerships with biotech firms for innovative product development.

By 2035, the market is expected to achieve substantial growth, positioning itself as a leader in the diagnostics sector.

Market Segmentation

India IVD Contract Manufacturing Market End User Outlook

  • Hospitals
  • Diagnostic Laboratories
  • Research Institutions
  • Home Care

India IVD Contract Manufacturing Market Technology Outlook

  • Molecular Diagnostics
  • Immunoassays
  • Clinical Chemistry
  • Microbiology

India IVD Contract Manufacturing Market Product Type Outlook

  • Reagents
  • Diagnostic Devices
  • Assay Kits
  • Consumables

India IVD Contract Manufacturing Market Service Type Outlook

  • Manufacturing Services
  • Research and Development Services
  • Packaging Services

Report Scope

MARKET SIZE 2024905.0(USD Million)
MARKET SIZE 20251013.6(USD Million)
MARKET SIZE 20353148.7(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)12.0% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledThermo Fisher Scientific (US), Roche Diagnostics (CH), Abbott Laboratories (US), Siemens Healthineers (DE), Danaher Corporation (US), Becton Dickinson and Company (US), bioMérieux (FR), Ortho Clinical Diagnostics (US), Hologic (US)
Segments CoveredProduct Type, Technology, End User, Service Type
Key Market OpportunitiesAdoption of advanced automation technologies enhances efficiency in the ivd contract-manufacturing market.
Key Market DynamicsRising demand for innovative diagnostics drives growth in the IVD contract-manufacturing market amid regulatory changes.
Countries CoveredIndia

Leave a Comment

FAQs

What is the expected market size of the India IVD Contract Manufacturing Market in 2024?

The India IVD Contract Manufacturing Market is expected to be valued at 371.0 million USD in 2024.

What will the market size of the India IVD Contract Manufacturing Market be by 2035?

By 2035, the India IVD Contract Manufacturing Market is projected to reach 935.0 million USD.

What is the expected CAGR for the India IVD Contract Manufacturing Market from 2025 to 2035?

The market is expected to grow at a CAGR of 8.766% from 2025 to 2035.

What product types are leading in the India IVD Contract Manufacturing Market?

The leading product types include Reagents, Diagnostic Devices, Assay Kits, and Consumables.

What will be the value of Reagents in the India IVD Contract Manufacturing Market in 2035?

The Reagents segment is expected to be valued at 279.0 million USD by 2035.

Which companies are major players in the India IVD Contract Manufacturing Market?

Key players in the market include Meridian Bioscience, Sysmex Corporation, Abbott Laboratories, and Thermo Fisher Scientific.

How much is the Diagnostic Devices segment valued at in 2024?

The Diagnostic Devices segment is valued at 98.0 million USD in 2024.

What challenges might the India IVD Contract Manufacturing Market face in the upcoming years?

Challenges may include regulatory hurdles and increasing competition in the market.

What is the projected value of the Assay Kits segment in 2035?

The Assay Kits segment is expected to reach 220.0 million USD by 2035.

What opportunities exist for growth in the India IVD Contract Manufacturing Market?

Opportunities for growth include rising healthcare investments and increasing demand for diagnostic solutions.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions