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Growing Prevalence of Diseases, Coverage under Medical Insurance and Launch of Technologically Adva by Ankur Gupta





Article Author Biography
Growing Prevalence of Diseases, Coverage under Medical Insurance and Launch of Technologically Adva by
Article Posted: 03/02/2017
Article Views: 202
Articles Written: 1063
Word Count: 796
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Growing Prevalence of Diseases, Coverage under Medical Insurance and Launch of Technologically Adva


 
Business,Health
High prevalence of diabetes and other infectious diseases is the major factor driving the India diagnostic laboratories market. SRL Diagnostics, Dr Lal PathLabs, Thyrocare, Metropolis, BSR Healthcare and Medall Healthcare are major players operating in the market. Being first line of the diagnosis, pathology tests were the major revenue contributors in India diagnostic laboratories market in 2016.

Ken Research announced its latest publication on “India Diagnostic Laboratories Market Outlook to 2021 - Growing Prevalence of Diseases and Launch of Technologically Advanced Procedures to Drive the Market” provides a comprehensive analysis of the diagnostic laboratories market. The report includes the cumulative revenue generated by the market players from diagnostic services including both government and private diagnostic laboratories. The private diagnostic laboratories has been further explained with details on market share contributed by pathology tests and radiology tests, by Tier I, Tier II and Tier III Cities, and by hospital based diagnostic laboratories, polyclinics and independent diagnostic laboratories operating in India. The share by organized and unorganized players has also been provided in detail to clearly explain the present competition scenario in the market. The stakeholders of this report include diagnostic laboratories market players, laboratories equipments providers, companies involved in research and development activities, and the new entrants and venture capitalists who wish to invest in diagnostic laboratories market in future.

Rising penetration of medical insurance in India has also been observed as one of the major driver for the India diagnostic laboratories market as financial constraint is considered to be the primary hurdle for seeking medical treatment as claimed by 55% of the rural population and 60% of the urban population in India. This issue is well catered by health insurance companies, providing medical cover to a person by paying a nominal premium amount. Unlike the past, about 20% of the Indian population has been covered with health insurance benefits. Rashtriya Swasthya Bima Yojana (RSBY) of the government covers around 12% of the urban population and 13% of the rural population under its medical insurance customer base as of December, 2014. The public expenditure on health has remained unchanged since FY’2010. Over 21.6 crore Indians which avail the benefits of health insurance, 67% of them are covered under public health insurance companies as of FY’2015. Where people preferred Public health insurance companies for various policies, the family floater policies’ major share is still grabbed by private players in health insurance market. This has been a significant driving force for diagnostic laboratories market as well, where the tests by the patients are performed before getting the advantages of mediclaim, as the same have to be submitted along with the insurance documents as evidence to health insurance companies.

“In order to penetrate into rapidly growing diagnostic laboratories market, the market players could plan to invest in Tier II and Tier III cities of India. The companies should expand their network by collaborating with more health institutes and increasing their collection centers in India”, according to Research Analyst, Ken Research.

Key Topics Covered in the report:

The market size of India Diagnostic Laboratories Market by Revenues and by Government and Privately Owned Diagnostic Laboratories

Market segmentation of India Private Diagnostic Laboratories Market by Pathology and Radiology Tests, By Hospital Based Diagnostic Laboratories, Polyclinics and Independent Diagnostic Laboratories, By Tier I, Tier II and Tier III Cities, By Organized and Unorganized Players

Snapshot on India Private Pathology, Radiology Tests Market

Porter’s Five Forces Analysis for India Private Diagnostic Laboratories Market

Trends and Developments in India Private Diagnostic Laboratories Market

Decision Making Process for Choosing Diagnostic Laboratories

Investment Model for Setting up Diagnostic Laboratory in India

Competitive landscape and Detailed Company Profiles of Major Market Players

Future Outlook and Projections of India Private Diagnostic Laboratories Market

Analyst Recommendations

Macro-economic Factors Impacting India Private Diagnostic Laboratories Market

Key Services Mentioned in the Report

Pathology Services

- Molecular Biology

-Clinical Microbiology

-Histopathology

-Hematology

-Surgical Pathology

-Clinical Biochemistry

Radiology Services

-X-RAY

-Sonography

-MRI

-CT Scan

-Mammography

-PET/SPECT

Market Players Mentioned in the Report:

SRL Diagnostics, Dr Lal PathLabs, Thyrocare, Metropolis Healthcare Limited, BSR Healthcare, Medall Healthcare, Apollo Diagnostics, Oncquest Laboratories Limited, Suburban Diagnostics, Vijaya Diagnostic Center, Lucid Medical Diagnostics, BSR Healthcare, PathCare, Star Imaging & Path Lab Pvt. Ltd., Atulya Healthcare, Suraksha, Express Clinics, Krsnaa Diagnostics, Cryogenex Diagnostics Pvt. Ltd.

For more information about the publication refer to below link:

https://www.kenresearch.com/healthcare/diagnostics/india-diagnostic-lab-market-statistics/84893-91.html

Related Reports:

UAE Healthcare Market Outlook to 2020 - Rising Medical Tourism and High Prevalence of Diabetes to Foster Future Growth

India E-Health Services Market Outlook to 2020 – Focus on On-Call Home Healthcare, Telemedicine, M-Health and Healthcare IT Segment

Saudi Arabia Healthcare Market Outlook to 2019 - Rising Lifestyle Diseases and Government Investment to Spur Future Growth

Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249

Related Articles - Market Share Diagnostic Center, Problems diagnostic labs industry, Growth Diagnostic Lab Chain, Pathology  Segment in India, SRL Diagnostic Market S,

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