According to our new report “Indian Diagnostic Market Analysis”, the diagnostics market in India has been growing at a fast pace for the past few years. People have become more health conscious and are opting for routine tests, thereby boosting the demand for better diagnostic instruments and services. The Indian diagnostic market was estimated to reach worth INR116 Billion (US$ 2.4 Billion) in 2010, on the back of strong investment patterns and emergence of tier II and III cities as growth hub. The market is further likely to grow at the CAGR of 16% till 2012.
We have found that, laboratory automation has taken a central focus in the Indian diagnostic market, with players opting for the usage of advanced technologies. There are instances, wherein players are making investments to take automation as a route for better efficiency at the labs. Positive developments in the automation process is supported by a fact that, the number of samples for diagnosis has significantly increased in recent times, thereby augmenting the need for high throughput systems. Overall, the laboratory automation process is likely to stay for further developments.
The report “Indian Diagnostic Market Analysis” provides an in-depth coverage of diagnostic sector in India, analyzing the current market trends and their impact on the industry performance. The report provides a broad overview on the performance of IVD market and its segments. It also analyzes the current usage of diagnostic in India and provides reliable data on the growth of key disease diagnostic sectors.
The report provides complete research, and relevant information regarding the current and prominent issues of the Indian diagnostic market. It investigates the IVD market in a comprehensive manner, by studying the developmental patterns in segments such as biochemistry, hematology, immunology, critical care, and others. The report also provides a structured description of the regulatory environment that has a bearing on diagnostic manufacturing, trade, and other important issues. Last though not the least, an elucidation of key market players completes the overall picture.
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Article By: Shushmul Maheshwari