The Indian diagnostic services market has experienced significant growth over the years to become the potential investment field for players looking to venture in the country. Various factors such as rising prevalence of diseases, improving affordability of patients and increasing penetration of health insurance have contributed substantially to spur demand for diagnostic services in the country. With the continuous increase in demand, the market is estimated to post around 20% growth in 2009 over the previous year.
According to our new research report “Indian Diagnostic Market Analysis”, the Indian diagnostic services are projected to grow at a CAGR of more than 20% during 2010-2012. Although the market is currently dominated by local and unorganized players, the organized segment has also reported strong growth to expand its reach in rural and semi urban areas. We expect that high investments in the primary healthcare sector will drive the demand for diagnostic services in the country and poor condition of healthcare services in the government sector will result in more revenues to the private sector.
Our research has found that there is a strong demand for high quality diagnostic services in the country to get timely and accurate results. Since the unorganized sector is unable to meet this demand because of low investments, big brands can exploit the situation to expand their operations and enhance stronghold on the market. Besides, the report identifies and describes the type of tests required to tap the future demand.
The report provides extensive information and rational analysis of the Indian diagnostic services market. It also provides analysis of the factors driving growth in the industry. We believe that our report will work as an investment guide for clients and help them in devising strategies to take right decision. Analysis and statistics regarding market size, growth, share, segmentation and geographic distribution are based on comprehensive study of different industry aspects like regulatory framework and cost factor. The report also includes information about prevalent diseases and changes inevitable for the development of diagnostic services industry.
