India POCT Market Revenue is Expected to Reach Over INR 4,000 Crore by FY'2023: Ken Research
Trinity Biotech plc - American Depositary Shares (TRIB)
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Source: PR Newswire
GURUGRAM, India, June 11, 2019 /PRNewswire/ --Key FindingsThe elderly population in India is one of target end users for the home healthcare companies and overall POCT market in general. It has been anticipated that elderly population in India will reach to 146.1 Million by FY'2023E. More number of POCT devices will be connected to smart phones through mobile apps for easy access. The Smartphone users in India will increase at a CAGR of 5.4% during the period FY'2018-FY'2023. In Future, it is anticipated that the demand of Cardio metabolic Monitoring devices will be highest in India POCT market as it will increase at a CAGR of 14.9% during the period FY'2018-FY'2023E.Increasing Use of Blood Glucose Testing Kits: India has highest number of Diabetic patients in the world and as per the International Federation of Diabetes, the numbers are likely to increase to 151 Million by 2025. In future, it is expected that the usage of blood glucose testing kits will increase and reach upto 33.0%
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