Showing posts with label number of diagnostic labs in india. Show all posts
Showing posts with label number of diagnostic labs in india. Show all posts

Friday, March 3, 2017

India Diagnostic Laboratories Market Outlook to 2021 -Ken Research

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

Growing Prevalence of Diseases, Coverage under Medical Insurance and Launch of Technologically Advanced Procedures to Drive India Diagnostic Laboratories Market: Ken Research

  • High prevalence of diabetes and other infectious diseases is the major factor driving the India diagnostic laboratories market.
  • SRL Diagnostics, Dr Lal PathLabs, Thyrocare, Metropolis, BSR Healthcare and Medall Healthcare are major players operating in the market.
  • Being first line of the diagnosis, pathology tests were the major revenue contributors in India diagnostic laboratories market in 2016.
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 the Marketprovides 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.




Rising penetration of medical insurance in India has also been observed as one of the major driver for the India diagnostic laboratories market as financial constraint is considered to be the primary hurdle for seeking medical treatment as claimed by 55% of the rural population and 60% of the urban population in India. This issue is well catered by health insurance companies, providing medical cover to a person by paying a nominal premium amount. Unlike the past, about 20% of the Indian population has been covered with health insurance benefits. Rashtriya Swasthya Bima Yojana (RSBY) of the government covers around 12% of the urban population and 13% of the rural population under its medical insurance customer base as of December, 2014. The public expenditure on health has remained unchanged since FY’2010. Over 21.6 crore Indians which avail the benefits of health insurance, 67% of them are covered under public health insurance companies as of FY’2015. Where people preferred Public health insurance companies for various policies, the family floater policies’ major share is still grabbed by private players in health insurance market. This has been a significant driving force for diagnostic laboratories market as well, where the tests by the patients are performed before getting the advantages of mediclaim, as the same have to be submitted along with the insurance documents as evidence to health insurance companies.
“In order to penetrate into rapidly growing diagnostic laboratories market, the market players could plan to invest in Tier II and Tier III cities of India. The companies should expand their network by collaborating with more health institutes and increasing their collection centers in India”, according to Research Analyst, Ken Research.
Key Topics Covered in the report:
The market size of India Diagnostic Laboratories Market by Revenues and 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, By Tier I, Tier II and Tier III Cities, By Organized and Unorganized Players
Snapshot on India Private Pathology, 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
Key Services Mentioned in the Report
  • Pathology Services
- Molecular Biology
-Clinical Microbiology
-Histopathology
-Hematology
-Surgical Pathology
-Clinical Biochemistry
  • Radiology Services
-X-RAY
-Sonography
-MRI
-CT Scan
-Mammography
-PET/SPECT
Market Players Mentioned in the Report:
SRL Diagnostics, Dr Lal PathLabs, Thyrocare, Metropolis Healthcare Limited, BSR Healthcare, Medall Healthcare, Apollo Diagnostics, Oncquest Laboratories Limited, Suburban Diagnostics, Vijaya Diagnostic Center, Lucid Medical Diagnostics, BSR Healthcare, PathCare, Star Imaging & Path Lab Pvt. Ltd., Atulya Healthcare, Suraksha, Express Clinics, Krsnaa Diagnostics, Cryogenex Diagnostics Pvt. Ltd.
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