PUBLISHER: TechSci Research | PRODUCT CODE: 1221629
PUBLISHER: TechSci Research | PRODUCT CODE: 1221629
India Diagnostic Labs Market By Provider Type, By Test Type, By Sector, By End User, By Region, Competition Forecast & Opportunities, 2028
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India diagnostic labs market stood at USD14796.21 million in 2022 and is expected to register a CAGR of 11.53% during the forecast period. This can be attributed to growing population in the country, which is susceptible to various diseases. Many diagnostic chains and hospitals have started offering special discounts and packages for getting different kinds of diagnostics test done. These offers increase on occasions such as women's day, AIDS day, breast cancer awareness week, among others. This in turn is expected to create lucrative opportunities for the market growth. The Indian diagnostic market is highly fragmented that provides pathology tests per 1,000 population in India is 1,111, versus 5,924 in Brazil, 10,000 in Australia, and 20,958 in the US. The number of CT, MRI tests per 1,000 population in India was 36 compared to 53 in Brazil, 144 in the UK, 192 in Australia, and 407 in the US. Furthermore, the emergence of corporates and multi-national companies in the country who are collaborating with various hospitals and diagnostic labs to get the health checkups done for their employees is further expected to boost the market growth in the next coming years. Also, India is emerging out as a medical tourism hub and a lot of medical tourists are visiting the country for getting their treatment done on account of availability of cost-effective and better treatment options. This in turn is expected to positively influence the market growth through 2028.
Growing Prevalence of Chronic Diseases
The growing prevalence of various chronic and infectious diseases such as cancer, cardiovascular diseases, gastrointestinal disorders, renal disorders, and urological problems has significantly increased the demand for getting diagnoses and treatments done for these diseases. This, in turn, is expected to positively influence the growth of India diagnostic labs market. According to Globocan, there were around 1,324,413 new cancer cases reported in India in 2020, out of these, 646,030 were reported in males, and 678,383 were reported in females. Similarly, the number of COVID-19 tests conducted in India as of 9th November 2022 was around 44,664,810. All these tests are conducted in diagnostic laboratories only, thereby supporting market growth.
Growing Awareness Related to Preventive Medicine
The growing awareness among the population, especially in tier 1 and tier 2 cities, related to early disease diagnosis and treatment for different diseases is expected to create lucrative opportunities for the growth of the diagnostic labs market in India. This set of the population is quite conscious about their health and believes in getting early diagnosis and treatment done if they have any disease or ailment.
Special Discounts and Packages
Various diagnostic chains and hospital laboratories have started offering special discounts and packages to get different kinds of diagnostic tests done for different infectious and chronic diseases. This, in turn, is expected to create lucrative opportunities for the growth of the diagnostic labs market in India. Also, large diagnostic chains such as Dr. Lal PathLabs provide specialized packages such as Pregnancy Packages, Diabetes Care Packages, Swasthfit Packages, among others. The company also provides discounts of up to 10% for senior citizens.
Growing Penetration of Health Insurance
The growing penetration of health insurance in India has made people across the country, especially in tier 1 cities, go for regular health checks and diagnostic tests. Furthermore, the insurance companies and the Government of India are also taking crucial steps to increase insurance penetration across the country. For instance, in February 2021, the Finance Ministry announced to infuse INR 3,000 crores (USD 413.13 million) into state-owned general insurance companies to improve the overall status of these companies.
Market Segmentation
The India diagnostic labs market segmentation is based on provider type, test type, sector, end user, competitional landscape, and regional distribution. Based on provider type, the market is segmented into Stand Alone Diagnostic Labs, Hospital Based Diagnostic Labs, Diagnostic Chains. Market segmentation depending on test type is distinguished between pathology and radiology. Based on sector, the market is segmented into Urban and Rural. Based on end user, the market is divided into Doctor referrals, Routine, Wellness, Specialized, and corporate clients. The market analysis also studies the regional segmentation, divided among North, South, East, and West. The North region dominated the market in 2022 with an overall market share of 30.24% on account of surging COVID-19 cases in the region which created a huge demand for testing across diagnostic labs in the region.
Company Profiles
Dr. Lal PathLabs Limited, Metropolis Healthcare Ltd., SRL Diagnostics Pvt Ltd., Thyrocare Technologies Limited, Vijay Diagnostics Centre Pvt. Ltd., Max Healthcare Institute Limited, Apollo Hospitals Enterprise Ltd., Quest Diagnostics India Pvt Ltd, Lucid Medical Diagnostics Pvt Ltd, Suburban Diagnostics India Pvt Ltd., Oncquest Laboratories Ltd., Span Diagnostics Ltd., Medinova Diagnostic Services Ltd., Dr Lalchandani Labs Ltd., Choksi Laboratories Ltd., Suraksha Diagnostics Pvt. Ltd., Medall Healthcare Pvt. Ltd., Lotus Diagnostic Centre, Lifecare Diagnostic & Research Centre Pvt Ltd, 360 Diagnostic & Health Services Pvt. Ltd. among others is a list of major players in the India Diagnostic Labs market.
Report Scope
In this report, India Diagnostic Labs market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Diagnostic Labs Market, By Provider Type:
- Stand Alone Diagnostic Labs
- Hospital Based Diagnostic Labs
- Diagnostic Chains
India Diagnostic Labs Market, By Test Type:
- Pathology
- Radiology
India Diagnostic Labs Market, By Sector:
- Urban
- Rural
India Diagnostic Labs Market, By End User:
- Doctor Referrals
- Routine
- Wellness
- Specialized
- Corporate Clients
India Diagnostic Labs Market, By Region:
- North
- South
- East
- West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India Diagnostic Labs market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Service Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Impact of COVID-19 on India Diagnostic Labs Market
5. Voice of Customer
- 5.1. Brand Awareness
- 5.2. Factors Affecting Choice of Diagnostic Laboratory
- 5.3. Preference Among Population, By Provider Type
- 5.4. Duration By Last Diagnostic Test Conducted
- 5.5. Nature of Diagnostic Test Undergone (Self-Initiated/Doctor Prescribed)
- 5.6. Preference for Sample Collection (Home Collection v/s Visiting Diagnostic Lab)
- 5.7. Purpose for Availing Diagnostic Test
- 5.8. Finding a Diagnostic Laboratory Service Provider
- 5.9. Factors Considered While Choosing a Diagnostic Laboratory Service Provider
- 5.10. Preference By Portal for Booking a Diagnostic Test
- 5.11. Preferred Mode of Payment for Availing Different Diagnostic Tests
- 5.12. Digital Healthcare Record Awareness
6. India Diagnostic Labs Market Outlook, 2018-2028F
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Provider Type (Stand Alone Diagnostic Labs, Hospital Based Diagnostic Labs, Diagnostic Chains)
- 6.2.2. By Test Type (Pathology v/s Radiology)
- 6.2.3. By Sector (Urban and Rural)
- 6.2.4. By End User (Referrals, Walk-ins, Corporate Clients)
- 6.2.5. By Region
- 6.2.6. By States (Top 3 States)
- 6.2.7. By Company (2022)
- 6.3. Market Map
- 6.3.1. By Provider Type
- 6.3.2. By Test Type
- 6.3.3. By Sector
- 6.3.4. By End User
- 6.3.5. By Region
7. India Hospital Based Diagnostic Labs Market Outlook, 2018-2028F
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Test Type
- 7.2.2. By Sector
- 7.2.3. By End User
8. India Stand Alone Diagnostic Labs Market Outlook, 2018-2028F
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Test Type
- 8.2.2. By Sector
- 8.2.3. By End User
9. India Stand Alone Diagnostic Labs Market Outlook, 2018-2028F
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Test Type
- 9.2.2. By Sector
- 9.2.3. By End User
10. Market Dynamics
- 10.1. Drivers
- 10.2. Challenges
11. Market Trends and Developments
12. Policy and Regulatory Landscape in India
13. State-Wise Number of NABL Accredited Laboratories
14. List of Diagnostic Laboratories Across India
- 14.1.1. Top 20 Labs across Tier-1 Cities
- 14.1.2. Top 10 Labs across Tier-2 Cities
- 14.1.3. Top 5 Labs across 60 Tier-3 Cities
15. India Economic Profile
16. Competitive Landscape
- 16.1. Competition Outlook
- 16.2. Company Profiles
- 16.2.1. Dr. Lal PathLabs Limited
- 16.2.2. SRL Diagnostics Pvt Ltd.
- 16.2.3. Metropolis Healthcare Ltd.
- 16.2.4. Thyrocare Technologies Limited
- 16.2.5. Vijaya Diagnostic Centre Pvt. Ltd.
- 16.2.6. Max Healthcare Institute Limited
- 16.2.7. Apollo Hospitals Enterprise Ltd.
- 16.2.8. Quest Diagnostics India Pvt Ltd
- 16.2.9. Lucid Medical Diagnostics Pvt Ltd.
- 16.2.10. Suburban Diagnostics India Pvt Ltd.
- 16.2.11. Oncquest Laboratories Ltd.
- 16.2.12. Span Diagnostics Ltd.
- 16.2.13. Medinova Diagnostic Services Ltd.
- 16.2.14. Dr Lalchandani Labs Ltd.
- 16.2.15. Choksi Laboratories Ltd.
- 16.2.16. Suraksha Diagnostics Pvt. Ltd.
- 16.2.17. Medall Healthcare Pvt. Ltd.
- 16.2.18. Lotus Diagnostic Centre
- 16.2.19. Lifecare Diagnostic & Research Centre Pvt Ltd
- 16.2.20. 360 Diagnostic & Health Services Pvt. Ltd.
17. Strategic Recommendations
List of Figures
- Figure 1: India Diagnostic Labs Market Size, By Value (USD Million), 2018-2028F
- Figure 2: India Diagnostic Labs Market Share, By Provider Type, By Value, 2018-2028F
- Figure 3: India Diagnostic Labs Market Share, By Test Type, By Value, 2018-2028F
- Figure 4: India Diagnostic Labs Market Share, By Sector, By Value, 2018-2028F
- Figure 5: India Diagnostic Labs Market Share, By End User, By Value, 2018-2028F
- Figure 6: India Diagnostic Labs Market Share, By Region, By Value, 2018-2028F
- Figure 7: India Diagnostic Labs Market Share, North India, Top 3 States, By Value, 2018-2028F
- Figure 8: India Diagnostic Labs Market Share, South India, Top 3 States, By Value, 2018-2028F
- Figure 9: India Diagnostic Labs Market Share, West India, Top 3 States, By Value, 2018-2028F
- Figure 10: India Diagnostic Labs Market Share, East India, Top 3 States, By Value, 2018-2028F
- Figure 11: India Diagnostic Labs Market Share, By Company, By Value, 2022
- Figure 12: India Diagnostic Labs Market Map, By Provider Type, Market Size (USD Million) & Growth Rate (%), 2022
- Figure 13: India Diagnostic Labs Market Map, By Test Type, Market Size (USD Million) & Growth Rate (%), 2022
- Figure 14: India Diagnostic Labs Market Map, By Sector, Market Size (USD Million) & Growth Rate (%), 2022
- Figure 15: India Diagnostic Labs Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2022
- Figure 16: India Diagnostic Labs Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022
- Figure 17: India Stand Alone Diagnostic Labs Market Size, By Value (USD Million), 2018-2028F
- Figure 18: India Stand Alone Diagnostic Labs Market Share, By Test Type, By Value, 2018-2028F
- Figure 19: Total Population with Diabetes in India, 2011, 2021, 2030, 2045 (000) Units
- Figure 20: India Stand Alone Diagnostic Labs Market Share, By Sector, By Value, 2018-2028F
- Figure 21: India Stand Alone Diagnostic Labs Market Share, By End User, By Value, 2018-2028F
- Figure 22: India Hospital Based Diagnostic Labs Market Size, By Value (USD Million), 2018-2028F
- Figure 23: India Hospital Based Diagnostic Labs Market Share, By Test Type, By Value, 2018-2028F
- Figure 24: Estimated Number of Public and Private Hospitals Across India in 2019
- Figure 25: India Hospital Based Diagnostic Market Share, By Sector, By Value, 2018-2028F
- Figure 26: India Hospital Based Diagnostic Labs Market Share, By End User, By Value, 2018-2028F
- Figure 27: Diagnostic Chains Market Size, By Value (USD Million), 2018-2028F
- Figure 28: India Diagnostic Chains Market Share, By Test Type, By Value, 2018-2028F
- Figure 29: Number of Outpatient Consultations in India in Financial Year 2021, by Sector (in Billions)
- Figure 30: India Diagnostic Chains Market Share, By Sector, By Value, 2018-2028F
- Figure 31: India Diagnostic Chains Market Share, By End User, By Value, 2018-2028F
- Figure 32: State with Highest Number of Pregnant Women Registered for Antenatal Checks Across India from April 2019 to June 2020
List of Tables
- Table 1: India Rural-Urban Distribution, 2021
- Table 2: India COVID-19 Scenario as of March 29, 2022
- Table 3: Estimated Number of Public Hospitals Across India as of 2019, By Top Five States
- Table 4: Number of Patients and Tests in Indian Diagnostic Indust
