When viewed from the perspective of time, it can be seen that there has occurred several changes within the diagnostic industry. A change that has indeed resulted in the consolidation of the entire diagnostic industry, along with some beneficial advantages.
The market size of this industry is pegged at Rs10000 crore and in fact exhibits a healthy growth in the entire market. This is an industry, which is comprised of more than 100,000 labs across the entire country, with 10 per cent of the market being consolidated by three major players.
These major segments which actually needs the services of an authentic Diagnostic Center in India are the following:
• Doctors who prescribe tests to their patients
• The corporate clients for wellness programs, along with clinical trial lab support
• Last but not the least, is the hospitals who need a referral center for specialized tests
The General Trend:
Yes it true that with the rising awareness for healthcare, the demand for high end diagnostics has also grown, and today every customer prefers to partner with such laboratories, that can not only demonstrate the, high levels of accuracy and service, but also provides for some other beneficial services.
Another major change, or should we name it as trend, which has occurred in this industry, is simply the development in technology and automation of equipment. This process has actually reduced the turnaround time for reports, along with providing faster diagnosis.
The trend of all these health care centers are basically to focus is on convenience of the customers, be it through the following:
1. All variety of tests processed in India,
2. The home health services
3. The utilization of technology for result communication
4. Finally providing a network of collection center’s for easier access
The Novel Trends:
We have till now discussed about the general trends of diagnostic industry, however with the passage of time we are indeed witnessing those trends, which will actually create substantial changes in the entire landscape of this industry, in the near-term. The spread of more information and awareness, have actually made preventive healthcare and self-monitoring, propagate enormously.
There is definitely a conflict between the increasing lifestyle disease in the population and the increase in the level of awareness, concerned with the mortality ratio of these diseases. Nowadays we even see, young adults between ages of 30 to 45, suffering from heart attacks and severe diabetes. The recent trends in the diagnostics have introduced tools like health checks and regular testing equipment, so that these deadly diseases can be curbed out, along with having someone enjoy a healthy living.
Hence the pathology lab in India has expanded beyond diagnostic tests to offering wellness solutions and guidance under one roof!!
The market size of this industry is pegged at Rs10000 crore and in fact exhibits a healthy growth in the entire market. This is an industry, which is comprised of more than 100,000 labs across the entire country, with 10 per cent of the market being consolidated by three major players.
These major segments which actually needs the services of an authentic Diagnostic Center in India are the following:
• Doctors who prescribe tests to their patients
• The corporate clients for wellness programs, along with clinical trial lab support
• Last but not the least, is the hospitals who need a referral center for specialized tests
The General Trend:
Yes it true that with the rising awareness for healthcare, the demand for high end diagnostics has also grown, and today every customer prefers to partner with such laboratories, that can not only demonstrate the, high levels of accuracy and service, but also provides for some other beneficial services.
Another major change, or should we name it as trend, which has occurred in this industry, is simply the development in technology and automation of equipment. This process has actually reduced the turnaround time for reports, along with providing faster diagnosis.
The trend of all these health care centers are basically to focus is on convenience of the customers, be it through the following:
1. All variety of tests processed in India,
2. The home health services
3. The utilization of technology for result communication
4. Finally providing a network of collection center’s for easier access
The Novel Trends:
We have till now discussed about the general trends of diagnostic industry, however with the passage of time we are indeed witnessing those trends, which will actually create substantial changes in the entire landscape of this industry, in the near-term. The spread of more information and awareness, have actually made preventive healthcare and self-monitoring, propagate enormously.
There is definitely a conflict between the increasing lifestyle disease in the population and the increase in the level of awareness, concerned with the mortality ratio of these diseases. Nowadays we even see, young adults between ages of 30 to 45, suffering from heart attacks and severe diabetes. The recent trends in the diagnostics have introduced tools like health checks and regular testing equipment, so that these deadly diseases can be curbed out, along with having someone enjoy a healthy living.
Hence the pathology lab in India has expanded beyond diagnostic tests to offering wellness solutions and guidance under one roof!!
To find a Lab near you, visit www.lalpathlabs.com
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