India Diagnostic Laboratories Market on the basis of Revenue in INR Crores, FY 2011 – FY 2016 : Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit What Is The Potential Of India Diagnostic Laboratories Market? High prevalence of diseases due to growing population is the major factor which is driving the diagnostic laboratories market in India. Additionally, rising teleradiology industry and government support to build advanced healthcare infrastructure and accelerating self-caring attitude among the people towards preventive healthcare checkups is further fuelling the diagnostic market in the country. India diagnostic laboratories market was worth INR ~ crore in FY’2016, which included both government and private laboratories, recording a growth at a CAGR of ~% in between FY’2011 to FY’2016 with revenues being INR ~ crore in FY’2011. Absence of any stringent regulations in diagnostics industry is also one of the major factors which resulted in entrance of large number of new players in the market, catering to both radiology and pathology needs of the patients. The market which is driven by majority of the unorganized players, constituting for ~% revenue of the total private laboratories market in year FY’2016, is a home for more than 100,000 laboratories already operating in India. With the spread of infectious diseases that threaten human life, these laboratories extend their services to masses by collaborating with various health institutions operating in the country. Diagnostic laboratories owned by private players like SRL Diagnostics, Dr Lal PathLabs, Metropolis and Thyrocare and other organized and unorganized players have been significantly increasing both in terms of number and revenue over the years and are observed to dominate the market in FY’2016. Which Services Type Is Generating Maximum Revenue For The Diagnostic Laboratories Market? 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. Radiology tests or imaging diagnostics contributed ~% in revenue in India private diagnostic laboratories market in FY’2016. The major factor which resulted in low share of radiology tests is that the doctor only prescribes for these tests in case he or she is sure of the disease and wants to check the complexity associated with it. High cost involvement in installation of imaging equipment makes private laboratories offer radiology services at a much higher price to the patients is the major driving factor for the segment. What Is The Scenario Of Pathology Services Market In India. Rising density of population and concern for health related issues made the overall diagnostic market in India witness an increase in revenue, majorly contributed by the pathology laboratories of the country. Rise in the number of diseases that cause a threat to human life especially infectious diseases and diseases such as diabetes, abnormal thyroid level made people undergo regular checkups which acted as the major driving factor for the pathology market during this period. Healthcare expenditure of India per capita increased from INR ~ crore in FY’2011 to INR ~ in FY’2016, which is another important factor, consequently advocating India pathology laboratories market. Rising population further resulted in more severe diseases being spread for which patients had to undergo tests at pathology centers, thereby adding to the total revenue earned by pathology tests market. Pathology laboratories had the largest share in diagnostic industry in FY’2016 due to the fact that pathology tests are the most preferred diagnosis for all major diseases. Rise in awareness levels among people towards infectious diseases made them opt for more pathology tests overtime. Health insurance witnessed an increase in the number of people opting for the services, owing to rising diseases in country. 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 Tags: India Diagnostic Lab Industry, India Diagnostic Laboratories Market, India Pathology Test Market, India Radiology Test Market, Indian diagnostic market analysis, Indian pathology market, Indian Radiology Labs Industry, medical diagnostic industry in india, number of diagnostic labs in india, Value Chain in Diagnostics