Ken Research announced its latest publication on “India
Diagnostic Laboratories Market Outlook to 2021 - Growing Prevalence of
Diseases and Launch of Technologically Advanced Procedures to Drive
Growth” provides a comprehensive analysis of the diagnostic
laboratories market. The report includes the cumulative revenue
generated by the market players from diagnostic services including both
government and private diagnostic laboratories. The private diagnostic
laboratories has been further explained with details on market share
contributed by pathology tests and radiology tests, by Tier I, Tier II
and Tier III Cities, and by hospital based diagnostic laboratories,
polyclinics and independent diagnostic laboratories operating in India.
The share by organized and unorganized players has also been provided in
detail to clearly explain the present competition scenario in the
market. The stakeholders of this report include diagnostic laboratories
market players, laboratories equipments providers, companies involved in
research and development activities, and the new entrants and venture
capitalists who wish to invest in diagnostic laboratories market in
future. Detailed snapshot on pathology tests market and radiology tests
market is included in the report to elucidate facts about the market in
detail. Various marketing analysis factors such as trends and
developments, regulatory framework and Porter’s five forces analysis are
also added in the study for clear understanding about the factors
responsible for present scenario of the market. The future analysis of
overall India diagnostic laboratories market has also been discussed
along with recommendations from analyst view.
A phenomenal increase in Indian population over the years along with the rise in number of infectious diseases in the country acted as a driver for diagnostic laboratories market. The diagnostic laboratories market was recorded as INR ~ crore in FY’2016 exhibiting growth from INR ~ crore in FY’2011. Increasing healthcare expenditure, rising adoption of preventive health check-ups, surging popularity of medical tourism in the country and healthcare infrastructural developments in Tier II and Tier III cities are other major factors which have augmented the growth of diagnostic laboratories market in India.
On the basis of type of tests, Pathology tests dominated the market with revenue share of ~% earned by the overall private diagnostic laboratories in the country in FY’2016. However, radiology laboratories have witnessed growth at a rapid pace recording CAGR of ~% from FY’2011 to FY’2016. Pathology testing being first line of diagnosis for majority of diseases is the major factor which resulted in dominant position of the segment in the market, catering to the needs of the patients. Biochemical testing of blood sugar level becomes a mandatory recommendation by the doctors after every regular interval of time owing to the growing prevalence of diabetes in the nation while for the diagnosis of cardiovascular disease lipid profiles play a similar role.
Tier I cities contributed majority part of revenue share to the total revenue earned by the India private diagnostic laboratories market in FY’2016. Rise in pollution levels in Tier I cities has further increased the chances of more severe diseases being spread across the masses, thereby resulting in more demand for diagnostic services. Moreover, high awareness among the educated people living in these cities resulting in more number of preventive healthcare testing has added to the revenue of overall diagnostic laboratories market making segment dominate the market. Additionally, prices of tests are more in large cities as compared to Tier II and Tier III cities, which obligate the people to get services at the available prices as a necessity to diagnose a disease.
By type of players, lack of entry barrier and absence of strong regulation in diagnostics market has led to an increase in number of unorganized players which mostly adds to the standalone diagnostic centers in the country. The unorganized segment contributed around ~% of the diagnostic services market in terms of revenue in FY’2016. Such players prove useful in catering to the diagnostic needs of Tier II and Tier III cities, where almost every area has a diagnostic laboratory, particularly dealing in pathology services.
Competitive Scenario
India diagnostic laboratories market has a limited number of organized players and the overall market is driven by the unorganized laboratories in the country. Merger with Fortis Healthcare was the major driving force that helped SRL Diagnostics maintain majority share in pathology tests market. The merger helped the laboratory in gaining revenue as it added the revenue generated by inpatient’s staying in the Fortis Hospital. The introduction of MySRL application, where customers can book a test as per their convenience and pay online for the services, further augmented the growth of SRL diagnostics.
SRL Diagnostic further is observed to lead in radiology tests market as well with a revenue share of ~% in FY’2016. Dr Lal PathLabs followed SRL with a share of ~% in the revenue earned by overall radiology tests market in India in FY’2016. Being India’s first player that has introduced laboratory services under Public Private Partnership with Government of Tripura, helped Dr Lal PathLabs extend its radiology services to people in Tier II and Tier III cities. Therefore, having the first mover advantage to be associated with the Government created trust among the people about the lab, making Dr Lal PathLabs mark revenue of INR ~ crore in FY’2016.
Key Topics Covered in the Report:
The market size of India Diagnostic Laboratories Market by Revenues
By Government and Privately Owned Diagnostic Laboratories
Market segmentation of India Private Diagnostic Laboratories Market by Pathology and Radiology Tests, by Hospital Based Diagnostic Laboratories, Polyclinics and Independent Diagnostic Laboratories and by Tier I, Tier II and Tier III Cities
Snapshot on India Private Pathology and Radiology Tests Market
Porter’s Five Forces Analysis for India Private Diagnostic Laboratories Market
Trends and Developments in India Private Diagnostic Laboratories Market
Decision Making Process for Choosing Diagnostic Laboratories
Investment Model for Setting up Diagnostic Laboratory in India
Competitive landscape and Detailed Company Profiles of Major Market Players
Future Outlook and Projections of India Private Diagnostic Laboratories Market
Analyst Recommendations
Macro-economic Factors Impacting India Private Diagnostic Laboratories Market
number of diagnostic labs in India
Indian pathology market
India Diagnostic Lab Industry
Market Share Diagnostic Center
Growth Diagnostic Lab Chain
Pathology Segment in India
Value Chain in Diagnostics
Diagnostics and Pathology Test Lab Market
Metropolis Lab Business Growth India
For more information about the publication refer to below link:
https://www.kenresearch.com/healthcare/diagnostics/india-diagnostic-lab-market-statistics/84893-91.html
Related Reports:
UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth
India E-Health Services Market Outlook to 2020 – Focus on On-Call Home Healthcare, Telemedicine, M-Health and Healthcare IT Segment
Saudi Arabia Healthcare Market Outlook to 2019 - Rising Lifestyle Diseases and Government Investment to Spur Future Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
A phenomenal increase in Indian population over the years along with the rise in number of infectious diseases in the country acted as a driver for diagnostic laboratories market. The diagnostic laboratories market was recorded as INR ~ crore in FY’2016 exhibiting growth from INR ~ crore in FY’2011. Increasing healthcare expenditure, rising adoption of preventive health check-ups, surging popularity of medical tourism in the country and healthcare infrastructural developments in Tier II and Tier III cities are other major factors which have augmented the growth of diagnostic laboratories market in India.
On the basis of type of tests, Pathology tests dominated the market with revenue share of ~% earned by the overall private diagnostic laboratories in the country in FY’2016. However, radiology laboratories have witnessed growth at a rapid pace recording CAGR of ~% from FY’2011 to FY’2016. Pathology testing being first line of diagnosis for majority of diseases is the major factor which resulted in dominant position of the segment in the market, catering to the needs of the patients. Biochemical testing of blood sugar level becomes a mandatory recommendation by the doctors after every regular interval of time owing to the growing prevalence of diabetes in the nation while for the diagnosis of cardiovascular disease lipid profiles play a similar role.
Tier I cities contributed majority part of revenue share to the total revenue earned by the India private diagnostic laboratories market in FY’2016. Rise in pollution levels in Tier I cities has further increased the chances of more severe diseases being spread across the masses, thereby resulting in more demand for diagnostic services. Moreover, high awareness among the educated people living in these cities resulting in more number of preventive healthcare testing has added to the revenue of overall diagnostic laboratories market making segment dominate the market. Additionally, prices of tests are more in large cities as compared to Tier II and Tier III cities, which obligate the people to get services at the available prices as a necessity to diagnose a disease.
By type of players, lack of entry barrier and absence of strong regulation in diagnostics market has led to an increase in number of unorganized players which mostly adds to the standalone diagnostic centers in the country. The unorganized segment contributed around ~% of the diagnostic services market in terms of revenue in FY’2016. Such players prove useful in catering to the diagnostic needs of Tier II and Tier III cities, where almost every area has a diagnostic laboratory, particularly dealing in pathology services.
Competitive Scenario
India diagnostic laboratories market has a limited number of organized players and the overall market is driven by the unorganized laboratories in the country. Merger with Fortis Healthcare was the major driving force that helped SRL Diagnostics maintain majority share in pathology tests market. The merger helped the laboratory in gaining revenue as it added the revenue generated by inpatient’s staying in the Fortis Hospital. The introduction of MySRL application, where customers can book a test as per their convenience and pay online for the services, further augmented the growth of SRL diagnostics.
SRL Diagnostic further is observed to lead in radiology tests market as well with a revenue share of ~% in FY’2016. Dr Lal PathLabs followed SRL with a share of ~% in the revenue earned by overall radiology tests market in India in FY’2016. Being India’s first player that has introduced laboratory services under Public Private Partnership with Government of Tripura, helped Dr Lal PathLabs extend its radiology services to people in Tier II and Tier III cities. Therefore, having the first mover advantage to be associated with the Government created trust among the people about the lab, making Dr Lal PathLabs mark revenue of INR ~ crore in FY’2016.
Key Topics Covered in the Report:
The market size of India Diagnostic Laboratories Market by Revenues
By Government and Privately Owned Diagnostic Laboratories
Market segmentation of India Private Diagnostic Laboratories Market by Pathology and Radiology Tests, by Hospital Based Diagnostic Laboratories, Polyclinics and Independent Diagnostic Laboratories and by Tier I, Tier II and Tier III Cities
Snapshot on India Private Pathology and Radiology Tests Market
Porter’s Five Forces Analysis for India Private Diagnostic Laboratories Market
Trends and Developments in India Private Diagnostic Laboratories Market
Decision Making Process for Choosing Diagnostic Laboratories
Investment Model for Setting up Diagnostic Laboratory in India
Competitive landscape and Detailed Company Profiles of Major Market Players
Future Outlook and Projections of India Private Diagnostic Laboratories Market
Analyst Recommendations
Macro-economic Factors Impacting India Private Diagnostic Laboratories Market
number of diagnostic labs in India
Indian pathology market
India Diagnostic Lab Industry
Market Share Diagnostic Center
Growth Diagnostic Lab Chain
Pathology Segment in India
Value Chain in Diagnostics
Diagnostics and Pathology Test Lab Market
Metropolis Lab Business Growth India
For more information about the publication refer to below link:
https://www.kenresearch.com/healthcare/diagnostics/india-diagnostic-lab-market-statistics/84893-91.html
Related Reports:
UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth
India E-Health Services Market Outlook to 2020 – Focus on On-Call Home Healthcare, Telemedicine, M-Health and Healthcare IT Segment
Saudi Arabia Healthcare Market Outlook to 2019 - Rising Lifestyle Diseases and Government Investment to Spur Future Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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