India's Diagnostics Industry
The Diagnostics Market
An overview of India's diagnostics market, split between pathology tests and radiology scans, and why most labs are small and unorganised.
Diagnostics means medical tests that help doctors find diseases.
Two segments
- Pathology: blood, urine and tissue tests.
- Radiology: X-rays, ultrasound, CT and MRI scans.
Fragmented
Most tests are done by small standalone labs and hospital labs.
Chains
Organised chains like Dr Lal PathLabs, Metropolis, Thyrocare and SRL are growing.
Demand drivers
- Lifestyle diseases like diabetes.
- Preventive health check-ups.
- Insurance coverage.
- Ageing population.
Role
Many medical decisions rely on test results.
The sugar test
A person with diabetes gets a blood sugar test every few months at a neighbourhood lab.
Thinking big chains do most tests
Small labs still dominate.
Key takeaways
- Diagnostics includes pathology and radiology.
- Small labs dominate.
- Chains are growing.
- Lifestyle diseases drive demand.
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