Market watch and growth drivers

• The diagnostic services market is expected to continue growing at 27.5% for next five years.
• By 2020 the market size is expected to reach Rs 860 Billion.
• Increases in Lifestyle-related diseases i.e. diabetes, hypertension, which increases the frequency of diagnosis
• Rapid growth of India as a destination for medical tourism
• Increasing penetration of medical insurance in diagnostic market
• Rising penetration of medical insurance in India has also been observed as one of the major driver for the Indian diagnostic laboratories market.
• Growing Consolidations within the sector