The in-vitro diagnostics (IVD) market in India is experiencing a surge in demand for early and accurate diagnosis of chronic and infectious diseases. It is expected to grow at a CAGR of over 7 percent from 2021 to 2026, fueled by various factors, such as early diagnosis and treatment, technological advancements, government initiatives, etc.
Technology trends, such as artificial intelligence (AI) and machine learning (ML), next-generation sequencing (NGS) and digital pathology are expected to have a significant impact on the IVD industry in India, improving the accuracy and efficiency of diagnostic tests and enabling more targeted therapies for patients. Market trends, such as the growing demand for POCT, the increasing demand for personalized medicine, and the rising adoption of digital health technologies are shaping the future of the IVD market in India. The government’s initiatives to support the growth of the healthcare sector, and the presence of both multinational and local players, are expected to contribute to the IVD growth in the coming years, making India a hub for diagnostics business.
Mindray, a trusted name in healthcare technology, has been at the forefront of these technological advancements and market trends in the healthcare industry, particularly in the field of in-vitro diagnostics (IVD). It is revolutionizing the IVD industry in India with its innovative products and solutions, catering to the needs of large-, mid-, and low-volume laboratories. Mindray provides scalable, automated solutions, designed to optimize workflow and maximize lab efficiency without forfeiting quality. With Mindray’s reliable solutions, laboratories can address the challenges of today and tomorrow to achieve the maximum performance.
Mindray has brought about a revolution in diagnostics by incorporating the following:
Advancements in automation. Mindray has developed several automated diagnostic systems that have transformed the way diagnostic testing is performed. These systems have significantly reduced the turnaround time (TAT) for test results, increased accuracy, and precision, and reduced the need for manual intervention.
Integration of AI and ML. Mindray has been integrating AI and ML technologies into its diagnostic systems, enabling faster and more accurate diagnosis of any medical condition. These technologies can help in the identification of subtle patterns and trends that may not be visible to the human eye.
Development of multiplex testing. Mindray has developed several multiplex testing systems that allow for the simultaneous testing of multiple analytes in a single sample. This has significantly reduced the number of samples required for testing and has increased the efficiency of diagnostic testing.
Digitization of diagnostics. Mindray has developed several digital diagnostic solutions that allow for remote monitoring and management of patients. These solutions have significantly improved patient outcomes by enabling healthcare professionals to provide timely and effective care.
Total laboratory automation. Automation of laboratory processes is a growing trend in the IVD market, with the use of robotics and software systems to streamline sample processing and analysis. Mindray has showcased its M6000 laboratory automation system, which can empower laboratories with high-speed processing, less hands-on time, great cost efficiency, and standardized analytical quality. Through this modular system, Mindray integrates biochemical, immune, blood, and coagulation systems to achieve complete automation and standardization of the inspection process.
Mindray is aligned with the IVD sector in India with a total laboratory solutions approach and has brought about a revolution in the diagnostics industry by developing innovative products and solutions that have transformed the way diagnostic testing is performed. With the integration of AI, ML, and digital diagnostic solutions, Mindray is driving the future of personalized medicine, and enabling healthcare professionals to provide timely and effective care. Mindray is committed to better healthcare for all and is a trusted partner for Healthier Bharat.