Report

India Diagnostic Market to Post Strong Growth

On the back of increasing health awareness, the diagnostic market in India is anticipated to hit a CAGR of over 20 per cent during 2010-2012

The diagnostic market in India represents one of the most lucrative markets in the world. The market has grown robustly in past few years on the back of increasing disease prevalence and rising consumer awareness, states RNCOS' new research study on the diagnostic sector called 'Indian Diagnostic Market Analysis'. The revenues from diagnostic segments are projected to grow at a CAGR of around 20 per cent during 2010-2012.

The new research has done extensive study on pathology labs market in India with focus on present and past market trends to enable clients understand the market dynamics. With increasing awareness among people about having a healthy living, the diagnostic market in India will experience strong growth in coming years. In this regard, the report provides ample information about demographic and disease profile.

The report has also studied different segments of the industry in order to identify key trends shaping up within the market. After thorough evaluation, the report found that the country is witnessing a strong growth in biochemical and molecular diagnostic test segments. In this regard, the research study provides complete information on different test segments and their market share.

The report also relates the demand of these tests with the disease statistics of the country. The report states that the regulatory environment play an important role in the development of the industry and thus provides complete information on this aspect of the market. Besides this, the report also provides useful recommendation about market strategy that would help clients while making investments.

The report also provides vital information on key competitors of the market along with their business overview. This will give clients an additional edge over their competitors. Overall, the research study provides valuable information to clients looking to venture into the Indian diagnostic market.

EH News Bureau