A new research report from RNCOS reveals that despite being largely
unorganized, the Indian diagnostic services market, is fast emerging as
one of the top growing segments of the healthcare services industry. In
2011, the overall market is estimated to have reached around INR 97.3
Billion and is further predicted to grow at a healthy double-digit CAGR
during 2012-2015. This growth is primarily driven by factors including
rise in the number of middle-class households, expansion of diagnostic
lab service providers in tier-II and -III cities, improved government
support for strengthening healthcare infrastructure, and huge private
investments in the sector.
On a good growth trajectory, absence of proper
regulatory framework and weak accreditation system are the major
industry roadblocks that may hinder the future market growth. There are
several accreditation bodies that are involved in the accreditation of
laboratories as per international standards like NABL accreditation, CAP
accreditation, and ISO certification, but none of them are mandatory.
The only requirement to open a diagnostic lab is the need for
registration under the Shop and Establishment Act. This leaves the
market highly unorganized, prying it open for competition from players
who offer poor quality services at low costs, making the market volatile
and price sensitive.
The report titled, “Indian Diagnostic
Services Market Outlook 2015”, by RNCOS further provides an effective
insight and prudent analysis of the current status and future
positioning of the Indian diagnostic services market. It projects the
future size of overall market for 2012-2015 and covers effective
description of key drivers and trends that will propel the growth.
Moreover,
it effectively evaluates the consumer behavior patterns with respect to
diagnostic services in India and takes into account several key issues.
Further, the report evaluates the costs of most common tests in India
and compares the cost structure in tier-I and -II cities. An optimum
insight into the key business models such as PPP model, hub and spoke
model and single specialty model has also been provided in the report.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM418.htm
Some of our Related Reports are:
– US Nutraceuticals Market Analysis
– China Healthcare Market Forecast to 2015
– Saudi Arabian Healthcare Forecast to 2015
– UAE Healthcare Sector Forecast to 2014
– US Healthcare IT Market Forecast to 2014
Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm
About RNCOS
RNCOS
specializes in Industry intelligence and creative solutions for
contemporary business segments. Our professionals analyze the industry
and its various components, with a comprehensive study of the changing
market behavior. Our accuracy and data precision proves beneficial in
terms of pricing and time management that assist the intending
consultants in meeting their objectives in a cost-effective and timely
manner.