In India, the diagnostics sector has been witnessing immense progress in innovative competencies and credibility. Technological advancements and higher efficiency systems are taking the market to new heights. The use of advanced and cutting-edge technologies in understanding a disease prognosis has further strengthened the sophistication level of participants in the sector. According to our latest report, diagnostic medical imaging is a rapidly growing field in the Indian diagnostics market, which has shown tremendous growth and high profits. While nuclear imaging is the fastest growing segment within the field, diagnostic lab services is another important division that has seen an increase in the number of unorganized players. It is expected that the increasing demand for automated diagnosis will fuel the segment’s growth.
The “Indian Diagnostic Market Outlook to 2015” says that the Indian diagnostic market is broadly divided into equipment and services. The service sector is largely unorganized, with a large presence of players located at the regional or city level. However, a clear and structured format is being established to have better regulations and proper definition for the market. Our report discusses in detail the IVD diagnostics and its key sub-segments. Some of the key tests and methodologies used in each IVD segment have been covered in the study that estimates that the IVD equipment market will grow at a CAGR of around 15% from 2012 to 2015.
In the research, we studied how significant developments at the demographics level have created a health-concerned society and thus, the demand for effective and suitable diagnostic tests. The report, an upshot of an exhaustive research and prudent analysis of the Indian diagnostics sector, covers all key aspects of the market, and investigates trends that are likely to impact the industry in the long-run. Segment-wise analyses have been carried out in the report, which also talks about the recent activities of key players to depict an objective picture of the industry to clients to help them make sound investment decisions.