As per a new research report published by RNCOS “Indian Diagnostic Services Market Outlook 2015”
, the Indian Diagnostic Services Market has been growing at a rapid pace in recent years to become one of the prominent segments in the diagnostic industry. The market, though largely unorganized and significantly unregulated, has become a big revenue generator for the players. Various factors, such as rising disposable income, increasing health awareness, etc are supporting the sector that may grow at a CAGR of around 26% during 2012-2015.
We have found that a large number of players in the Indian diagnostics lab services market re actively participating in the sector development, out of which, expansion thorough ‘hub and spoke model’ and cost effective service provision though ‘PPP model’ are the key focus of the sector. Hub and Spoke model offers several key advantages to market players and primarily includes reference labs, satellite labs and collection centers as participants. The model is of much significance in the Indian market, witnessing the growth in tier-II and -III cities.
The report also provides a prudent insight into the market dynamics associated with the Indian diagnostic services sector and seeks to illustrate drivers and trends that may impact the sector in future. It effectively evaluates consumer behavior patterns with respect to diagnostic services in India and takes into account several key issues. Moreover, it provides a comparative analysis of the cost structure of the most common diagnostic tests in India in the tier-I and -II cities.
It provides an extensive research and in-depth analysis of the current status and expected position of the Indian Diagnostic Services Market. It elaborates the regulatory environment and competitive landscape of various diagnostic labs in India and assesses the strengths and weaknesses of key market players. Forecast in key areas of the report covers future projection till 2015 with an effective description of factors are boosting such a growth.