India Diagnostic Laboratories Market, Market Sales, Revenue, Growth and Analysis, Major Players: 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 Overview: India Diagnostic Laboratory Market The report observes the fast-growing Indian diagnostic industry. The market has been observed to be at the growth stage, with the competition being highly fragmented owing to the presence of unorganized sector. The need of the hour for the industry is implementation of regulations which would also help the organized sector to grow further and will bring uniformity and higher test quality standards. The India Diagnostic Laboratory Market is expected to grow at a CAGR of ~% from FY’2015 to FY’2019. There is expected to be a shift towards molecular testing in the future along with an increased penetration of insurance in this sector which would help a number of individuals to have access to this facility. Some of the challenges faced by the industry include lack of regulations, lack of price standardization, high cost of equipments, growing operating expenses in providing new or existing medical services etc. Industry Segmentation by Government and Private Labs, FY’2020 The governments labs help cater to the lower strata of the economy as they have a lower pricing policy. The private labs, which form the majority of the market, focus more on research and development and have a variety of high end tests. India Private Diagnostic Laboratory Market Segmentation, FY’20 Revenue by Radiology and Pathology, FY’20 The market is dominated by the pathology department. The initial investment required for the same is lesser as compared to radiology. Pathology also happens to be the first step towards diagnosis of any disease. Revenue by Pathology, FY’20 Amongst the different tests, clinical bio-chemistry holds the largest revenue share in the market. Haematology, which is often used as a diagnosis for cancer, also provides a significant amount towards the overall pathology market. Revenue by Radiology, FY’20 X-rays hold the maximum share in the radiology market. Radiology tests can be extremely complex and their equipments also cost a lot. X-rays are something which are available from the smallest of labs to the bigger ones. Revenue by Model Type, FY’20 As the market is highly unregulated majority of the labs are standalone labs. However, they often have a tie up with other labs for high end testing. The diagnostic chains mostly constitute the organised sector. Revenue by Diagnostic Chains, FY’20 There are only a handful of PAN-India Diagnostic Chains in the country. As the market is highly fragmented there are a number of regional labs spread across. Revenue by Tier I, II and III Cities, FY’20 The reference labs of the major players are situated in the Tier I cities. It is also very difficult to have trained doctors in the Tier III and rural areas of the country; thereby majority of the revenue comes from Tier I. Revenue by Organised and Unorganised Players, FY’20 Well established organized players are extremely minimal in this space. They use the hub and spoke model for their operations and expansion. The unorganized players are mostly standalone centers. Revenue by Type of Customers, FY’20 Within the diagnostic industry of the country, there are a number of doctors who have tie ups with hospitals. Referrals have proven to be beneficial for both the parties involved. Revenue by Cause for Testing, FY’20 As the kinds of diseases have changed drastically over the past, individuals are becoming more conscious of their health. In is expected in the future that the share of testing for well-being would also increase. Revenue by Payment Method FY’20 The insurance sector is yet to penetrate into the diagnostic market. Majority of the payment is currently through out of pocket expenditure. India Diagnostic Laboratory Market Future Projections The diagnostic labs market of the India has a lot of potential to grow in the future. New technologies such as 3D printing, which allows radiologists and clinicians to bring to life body parts and tumors which were previously available only as flat diagrams will further help the industry grow. More players are likely to penetrate the rural healthcare market with increasing number of diagnostic laboratories coming up in remote places during this period. India is also set to increase its public health spending to 2.5% of its gross domestic product (GDP) by 2025 which would help cut down on out of pocket expenditure. Key Segments Covered:- India Diagnostic Laboratories Market Revenue Segmentation by Government and Private Labs Government Labs Private Labs India Private Diagnostic Laboratories Market Revenue Segmentation by Pathology and Radiology Pathology Sector Radiology Sector Revenue Segmentation by Pathology Clinical Biology Hematology Surgical Pathology Histopathology Clinical Microbiology Molecular Biology Others Revenue Segmentation by Radiology X-rays Sonography MRI CT Scans Mammography PET Others Revenue Segmentation by Business Model Standalone Diagnostic Chains Hospital Based Labs Revenue Segmentation by Diagnostic Chains Regional Chains Large PAN-India Chains Revenue Segmentation by Tier I, II and III Cities Tier I cities Tier II cities Tier III cities Revenue Segmentation by Organized and Unorganized Players Revenue Segmentation by Type of Customers Referrals Walk Ins Corporate Client Revenue Segmentation by Payment Method Out of Pocket Expenditure Corporate Spending Insurance Key Target Audience:- Government Diagnostic Labs Private Diagnostic Labs Research Labs Medical Insurance Companies Medical Device Manufacturers Industry Associations Government Bodies Investors/VC’s Time Period Captured in the Report:- Historical Period: FY’2015-FY’2020 Forecast Period: FY’2020-FY’2025 Companies Mentioned:- Dr. Lal Pathlabs SRL Diagnostics Metropolis Healthcare Thyrocare Technologies Medall Healthcare Pvt Ltd Suraksha Diagnostics Pvt Ltd Suburban Diagnostics Neuberg Diagnostics Key Topics Covered in the Report:- Spread of Communicable and Non-Communicable Diseases in India Market Sizing Analysis of Diagnostic Labs in India Ecosystem of Diagnostic Labs in India Operating Models in India Diagnostic Labs Pricing Analysis in India Diagnostic Labs Market Value Chain Analysis of India Diagnostic Labs Market Decision Making Parameters for a Diagnostic Lab Issues and Challenges in the Industry Government Regulations in the Industry Segmentation by Radiology and Pathology Segmentation by Type of Business Model (Standalone, Hospital Based Labs and Diagnostic Chains) Upcoming Trends and Technologies in the Market Competition Scenario and Market Share Investment Model for a Franchise Lab in India Success Stories of Diagnostic Labs in India For More Information on the research report, refer to below link:- India Diagnostic Laboratories Market Related Reports:- Brazil Medical Device Market Outlook to 2025 – by Type of Device (Reagent for In-Vitro Diagnostics, Materials and Supplies, Laboratory Equipment and Others), Type of Business Activity (Import and Local Production), Channel of Sales (Distributor and Direct), Type of End User (Hospital, Clinics, and Diagnostic Lab Centers and Others) and By Region (South-East, South, North-East, Mid-West, and North) India POCT Market Outlook to 2023 – By Major Devices (Blood Glucose Testing Kits, Infectious Disease Testing Kits, Blood Gas Electrolytes, Pregnancy and Fertility Testing Kits, Cardio-Metabolic Monitoring, Anticoagulant Management, Cholesterol Testing Kits and Others), By End Users (Hospitals & Clinics, Consumers/ Individuals, Diagnostic Labs, Home Healthcare and Others), By Distribution Channel (Distributors and Direct Sales), By Consumables and Instruments and By Region Follow Us:- LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Clinical Biochemistry Pathology Test India, Clinical Microbiology Pathology Test India, Covid-19 Impact India Diagnostic Laboratories Industry, Covid-19 Impact India Diagnostic Laboratories Market, Cronavirus Impact India Diagnostic Laboratories Industry, Cronavirus Impact India Diagnostic Laboratories Market, Diagnostic Laboratories Industry In India, Diagnostic Laboratories Market In India, Diagnostics Chains Market India, Dr. Lal Pathlabs Diagnostics Lab Market Revenue, Ecosystem of Diagnostic Labs India, Evaluation Study India Diagnostic 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