Fact File For Indian Diagnostics

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

Diagnostic market challenges in India