Indian Diagnostic Service Market Witnessing Robust Growth

“Diagnostic Service Market to post a CAGR growth of 25% during 2012-2017”, says RNCOS.


Noida, UP -- (SBWIRE) -- 01/29/2014 -- The diagnostic service market of India is one of the profitable market segments, owing to rising middle class population, increased disposable income and expansion of healthcare infrastructure in Tier I and Tier II cities. Increasing need for integrated healthcare services and rising awareness have also supported the growth of this industry. Besides this, there is active participation of the leading players that have propelled the growth of this industry. Considering all these factors, Indian Diagnostic Service Market is projected to grow at a CAGR of around 25% during 2012-2017.

However, the market majors are confined to Tier I and Tier II cities. There remains a huge opportunity for expansion in rural regions. Market players have been expanding their services to these markets via opening up sample collection centers and satellite laboratories. Moreover, the growth of the diagnostic service industry is hindered by the lack of regulations, which has been taken care of for the growth of the industry.

Research Analysis & Highlights

The report entitled “Indian Diagnostic Services Market Outlook 2017”, provides an extensive research and in-depth analysis of the current status and expected position of the Indian Diagnostic Services Market. It evaluates the consumer behavior patterns with respect to diagnostic services in India and takes into account several key issues. The report, moreover, evaluates the costs of most common tests in India and compares the cost structure in tier I and tier II cities. An optimum insight into the key business models such as PPP model, hub and spoke model and single specialty model has also been provided in the report. The report also covers the regulatory and accreditation landscape of diagnostic labs in India and assesses the strengths and weaknesses of key market players. Overall, the report is an effective description of Indian Diagnostic Services Market and is likely to provide clients with an optimum source of knowledge, statistics and insight on the same.

Some of the key findings of the reports:

- PPP Diagnostic Service Model – A Dynamic approach towards expansion
- Radiology Service Market in India poised to grow magnificently

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.