India Diagnostic Labs Market to Grow with a CAGR of 10.90% through 2030
Increasing healthcare infrastructure and a supportive
regulatory environment is expected to drive the India Diagnostic Labs
Market in the forecast period 2026-2030
According
to TechSci Research report, “India Diagnostic Labs Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2020-2030F”, India
Diagnostic Labs Market was valued at USD 18413.31 million in 2024 and is
anticipated to witness an impressive growth in the forecast period with a CAGR
of 10.90% through 2030. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market. The expansion of diagnostic chains and their networks is a driving
force behind the growing demand for diagnostic lab services. Diagnostic chains
often establish multiple laboratories and diagnostic centers in various cities
and regions, including urban and rural areas. This expanded network makes
diagnostic services more accessible to a larger portion of the population. The
growth of diagnostic chains extends testing services to regions that may have
previously had limited access to high-quality diagnostic labs. This geographic
coverage helps address healthcare disparities and reach underserved
populations. The presence of diagnostic chain facilities in multiple locations
within a city or region provides convenience for patients. They can easily find
a nearby lab, reducing travel time and effort. A broader network of labs often
leads to reduced waiting times for appointments and sample collection. Patients
can receive services more quickly, which is especially valuable for those in
need of urgent testing.
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India
Diagnostic Labs Market is segmented based on Provider Type, Test Type, Sector,
End-user, and by region.
Based on
the end user, In 2024, the India Diagnostic Labs Market largest share was held by Walk-ins segment in the forecast period and is predicted to continue expanding over the coming years. Walk-in diagnostic labs are easily accessible to the general population. Patients can visit these labs without the need for prior appointments, making them a convenient choice for those who need immediate or on-the-spot testing. Many medical conditions require urgent or same-day testing. Walk-in labs cater to this need by providing quick access to diagnostic services, which is particularly important for emergency cases or when a patient's health condition demands immediate attention. Walk-in labs may offer cost-effective testing options, especially for individuals who do not have health insurance or prefer to pay out-of-pocket. This affordability can make them a popular choice. Walk-in labs often have a wide network of branches or locations, making it convenient for individuals to find a lab near their home or workplace. This widespread presence contributes to their popularity. For routine check-ups and preventive health screenings, patients often prefer the flexibility and ease of visiting a walk-in lab without scheduling appointments in advance.
Based on
Region, North India segment is expected to rise in the forecast period. For
instance, Delhi and surrounding areas in North India are popular destinations
for medical tourism. International patients, as well as domestic medical
tourists, often require diagnostic services, further boosting the demand. The
presence of renowned medical colleges and research institutions in North India
contributes to the need for high-quality diagnostic testing for both
educational and research purposes. Several corporate offices and industries are
in North India, leading to a demand for employee health check-ups and
occupational health services provided by diagnostic labs. Various government
healthcare programs, such as Ayushman Bharat, have made diagnostic testing more
accessible and affordable, further boosting demand in the region. North India
benefits from well-established transportation and connectivity infrastructure,
making it easier for people to access healthcare services, including diagnostic
labs.
Some of the major companies operating in the India
Diagnostic Labs Market include:
·
Dr.
Lal PathLabs Limited
·
Agilus
Diagnostic Limited
·
Metropolis
Healthcare Ltd.
·
Medcis
PathLabs
·
Thyrocare
Technologies Limited
·
Vijaya
Diagnostic Centre Pvt. Ltd.
·
Max
Healthcare Institute Limited
·
Apollo
Hospitals Enterprise Ltd.
·
Redcliffe
Life Diagnostics Private Limited
·
Lucid
Medical Diagnostics Pvt Ltd
·
Pathkind
Labs
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“India
Diagnostic Labs Market is propelled by several drivers. The increasing
prevalence of chronic diseases fuels demand for diagnostic services. The rising
healthcare awareness and disposable incomes drive patient willingness to
undergo preventive screenings and health check-ups. Technological advancements,
such as automation and molecular diagnostics, enhance efficiency and accuracy
in testing procedures. The expanding middle-class population and government
initiatives towards affordable healthcare contribute to market growth. The
trend towards outsourcing laboratory services by healthcare providers further
boosts the market. These combined factors create a favorable environment for
the growth and expansion of the India Diagnostic Labs Market" said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
"India Diagnostic Labs Market By Provider Type (Stand-Alone Diagnostic Labs, Hospital Based Diagnostic Labs, Diagnostic Chains), By Test Type (Pathology, Radiology), By Sector (Urban, Rural), By End User (Referrals, Walk-ins, Corporate Clients), By Region, Competition, Forecast & Opportunities, 2020-2030F". has evaluated the future growth potential of
India Diagnostic Labs Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
innovative market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Diagnostic
Labs Market.
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