India Diagnostic Labs Market, By Provider Type (Stand-Alone Labs, Hospital Labs, Diagnostic Chains), By Test Type (Pathology v/s Radiology), By Sector (Urban v/s Rural), By End User (Referrals, Walk-ins, Corporate Clients), By Region, Competition Forecast & Opportunities, 2027

May 2022 | 112 pages | ID: I016206797ECEN
TechSci Research

Abstracts

India diagnostic labs market is expected to grow at a CAGR of 11.65% in the forecast period, 2023-2027, to reach USD25667.21 million by 2027. The increasing prevalence of various chronic and lifestyle-related diseases and a large old age population in the country are driving the demand for the India diagnostic labs market. Also, the rise in the awareness of the benefits of preventive healthcare practices and early disease detection and advanced technologies and equipment in diagnostic labs are the other two major factors accelerating the demand for the India diagnostic labs market for the next five years.

The government is allocating huge funds for the development of the healthcare industry. They are working on making India a world-class healthcare infrastructure and providing access to all of its citizens. The rise in consumer awareness and the growing healthcare expenditure accelerates the demand for accurate tests and services across the country. The large number of geriatric populations in the country who are vulnerable to getting affected by a number of diseases is driving the demand for the construction of diagnostic labs. Multi-national companies and corporates are partnering with local diagnostic labs and chains, improving the quality of services offered to patients, and the growing efforts to make India a medical tourism destination by the government authorities are expected to boost the demand for India diagnostic labs market for the next five years.

The India diagnostic labs market is segmented into provider type, test type, sector, end user, competitive landscape, and regional distribution. Based on provider type, the market is segmented into stand alone diagnostic labs, hospital based diagnostic labs, diagnostic chains. The stand alone diagnostic labs dominated the market in 2021 with a market share of 43.70% and are expected to maintain their dominance for the next five years. India boasts of a large number of diagnostics labs and chains to cater to the needs of the growing population, thereby driving the segment's demand.

Dr. Lal PathLabs Limited, Metropolis Healthcare Ltd., SRL Diagnostics Pvt Ltd., Thyrocare Technologies Limited, Vijay Diagnostics Centre Pvt. Ltd., Max Healthcare Institute Limited, Apollo Hospitals Enterprise Ltd., Quest Diagnostics India Pvt Ltd, Lucid Medical Diagnostics Pvt Ltd, Suburban Diagnostics India Pvt Ltd., Oncquest Laboratories Ltd., Span Diagnostics Ltd., Medinova Diagnostic Services Ltd., Dr Lalchandani Labs Ltd., Choksi Laboratories Ltd., Suraksha Diagnostics Pvt. Ltd., Medall Healthcare Pvt. Ltd., Lotus Diagnostic Centre, Lifecare Diagnostic & Research Centre Pvt Ltd, 360 Diagnostic & Health Services Pvt. Ltd is the major market player operating in the India diagnostic labs market.

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth of the market size of India diagnostic labs market from 2017 to 2021.
• To estimate and forecast the market size of India diagnostic labs market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast India diagnostic labs market based on provider type, test type, sector, end user, competitive landscape, and regional distribution.
• To identify dominant region or segment in the India diagnostic labs market.
• To identify drivers and challenges for India diagnostic labs market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India diagnostic labs market.
• To identify and analyze the profile of leading players operating in India diagnostic labs market.
• To identify key sustainable strategies adopted by market players in India diagnostic labs market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of diagnostic labs service provider companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research.

TechSci Research calculated the India diagnostic labs market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Diagnostic lab service provider companies/partners
• End-Users
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to diagnostic labs
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as diagnostic labs service provider companies, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India diagnostic labs market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Diagnostic Labs Market, By Provider Type:
• Stand Alone Diagnostic Labs
• Hospital Based Diagnostic Labs
• Diagnostic Chains
• India Diagnostic Labs Market, By Test Type:
• Pathology
• Radiology
• India Diagnostic Labs Market, By Sector:
• Urban
• Rural
• India Diagnostic Labs Market, By End User:
• Referrals
• Walk-ins
• Corporate Clients
• India Diagnostic Labs Market, By Region:
• Northern
• Southern
• Eastern
• Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India diagnostic labs market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. SERVICE OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. IMPACT OF COVID-19 ON INDIA DIAGNOSTIC LABS MARKET

5. VOICE OF CUSTOMER

5.1. Brand Awareness
5.2. Factors Affecting Choice of Diagnostic Laboratory
5.3. Preference Among Population, By Provider Type

6. INDIA DIAGNOSTIC LABS MARKET OUTLOOK, 2017-2027F

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Provider Type (Stand Alone Diagnostic Labs, Hospital Based Diagnostic Labs, Diagnostic Chains)
  6.2.2. By Test Type (Pathology v/s Radiology)
  6.2.3. By Sector (Urban and Rural)
  6.2.4. By End User (Referrals, Walk-ins, Corporate Clients)
  6.2.5. By Region
  6.2.6. By States (Top 3 States)
  6.2.7. By Company (2021)
6.3. Product Market Map
  6.3.1. By Provider Type
  6.3.2. By Test Type
  6.3.3. By Sector
  6.3.4. By End User
  6.3.5. By Region

7. INDIA HOSPITAL BASED DIAGNOSTIC LABS MARKET OUTLOOK, 2017-2027F

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Test Type
  7.2.2. By Sector
  7.2.3. By End User

8. INDIA STAND ALONE DIAGNOSTIC LABS MARKET OUTLOOK, 2017-2027F

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Test Type
  8.2.2. By Sector
  8.2.3. By End User

9. INDIA STAND ALONE DIAGNOSTIC LABS MARKET OUTLOOK, 2017-2027

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Test Type
  9.2.2. By Sector
  9.2.3. By End User

10. MARKET DYNAMICS

10.1. Drivers
10.2. Challenges

11. MARKET TRENDS AND DEVELOPMENTS

12. POLICY AND REGULATORY LANDSCAPE IN INDIA

13. STATE-WISE NUMBER OF NABL ACCREDITED LABORATORIES

14. LIST OF DIAGNOSTIC LABORATORIES ACROSS INDIA

  14.1.1. Top 20 Labs across Tier-1 Cities
  14.1.2. Top 10 Labs across Tier-2 Cities
  14.1.3. Top 5 Labs across 60 Tier-3 Cities

15. INDIA ECONOMIC PROFILE

16. COMPETITIVE LANDSCAPE

16.1. Competition Outlook
16.2. Company Profiles
  16.2.1. Dr. Lal PathLabs Limited
  16.2.2. SRL Diagnostics Pvt Ltd.
  16.2.3. Metropolis Healthcare Ltd.
  16.2.4. Thyrocare Technologies Limited
  16.2.5. Vijaya Diagnostic Centre Pvt. Ltd.
  16.2.6. Max Healthcare Institute Limited
  16.2.7. Apollo Hospitals Enterprise Ltd.
  16.2.8. Quest Diagnostics India Pvt Ltd
  16.2.9. Lucid Medical Diagnostics Pvt Ltd.
  16.2.10. Suburban Diagnostics India Pvt Ltd.
  16.2.11. Oncquest Laboratories Ltd.
  16.2.12. Span Diagnostics Ltd.
  16.2.13. Medinova Diagnostic Services Ltd.
  16.2.14. Dr Lalchandani Labs Ltd.
  16.2.15. Choksi Laboratories Ltd.
  16.2.16. Suraksha Diagnostics Pvt. Ltd.
  16.2.17. Medall Healthcare Pvt. Ltd.
  16.2.18. Lotus Diagnostic Centre
  16.2.19. Lifecare Diagnostic & Research Centre Pvt Ltd
  16.2.20. 360 Diagnostic & Health Services Pvt. Ltd.

17. STRATEGIC RECOMMENDATIONS

The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022.
The report also contains excel containing following information:

1. LISTING OF AROUND 1500 DIAGNOSTIC LABS SPREAD ACROSS TIER-1, TIER-2 AND TIER-3 CITIES IN INDIA.

a. Data of 160 diagnostic labs in Tier-1 Cities (Top 20 in each city)
b. Data of 1030 Top 10 Labs across Tier-2 Cities
c. Data of 300 Top 5 Labs across 60 Tier-3 Cities

List Of Tables

LIST OF TABLES

Table 1: India Rural-Urban Distribution, 2021
Table 2: India COVID-19 Scenario as of March 29, 2022
Table 3: Estimated Number of Public Hospitals Across India as of 2019, By Top Five States
Table 4: Number of Patients and Tests in Indian Diagnostic Industry in 2020, By Leading Players
Table 5: Estimated number of Private hospitals across India as of 2019, By Top Five states
Table 6: India Diagnostic Labs based on Levels
Table 7: Classification of Infective Microorganisms, By Risk Group

List Of Figures

LIST OF FIGURES

Figure 1: India Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F
Figure 2: India Diagnostic Labs Market Share, By Provider Type, By Value, 2017-2027F
Figure 3: India Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F
Figure 4: India Diagnostic Labs Market Share, By Sector, By Value, 2017-2027F
Figure 5: India Diagnostic Labs Market Share, By End User, By Value, 2017-2027F
Figure 6: India Diagnostic Labs Market Share, By Region, By Value, 2017-2027F
Figure 7: India Diagnostic Labs Market Share, North India, Top 3 States, By Value, 2017-2027F
Figure 8: India Diagnostic Labs Market Share, South India, Top 3 States, By Value, 2017-2027F
Figure 9: India Diagnostic Labs Market Share, West India, Top 3 States, By Value, 2017-2027F
Figure 10: India Diagnostic Labs Market Share, East India, Top 3 States, By Value, 2017-2027F
Figure 11: India Diagnostic Labs Market Share, By Company, By Value, 2021
Figure 12: India Diagnostic Labs Market Map, By Provider Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 13: India Diagnostic Labs Market Map, By Test Type, Market Size (USD Million) & Growth Rate (%), 2021
Figure 14: India Diagnostic Labs Market Map, By Sector, Market Size (USD Million) & Growth Rate (%), 2021
Figure 15: India Diagnostic Labs Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021
Figure 16: India Diagnostic Labs Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021
Figure 17: India Stand Alone Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F
Figure 18: India Stand Alone Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F
Figure 19: Total Population with Diabetes in India, 2011, 2021, 2030, 2045 (000 Units
Figure 20: India Stand Alone Diagnostic Labs Market Share, By Sector, By Value, 2017-2027F
Figure 21: India Stand Alone Diagnostic Labs Market Share, By End User, By Value, 2017-2027F
Figure 22: India Hospital Based Diagnostic Labs Market Size, By Value (USD Million), 2017-2027F
Figure 23: India Hospital Based Diagnostic Labs Market Share, By Test Type, By Value, 2017-2027F
Figure 24: Estimated Number of Public and Private Hospitals Across India in 2019
Figure 25: India Hospital Based Diagnostic Market Share, By Sector, By Value, 2017-2027F
Figure 26: India Hospital Based Diagnostic Labs Market Share, By End User, By Value, 2017-2027F
Figure 27: Diagnostic Chains Market Size, By Value (USD Million), 2017-2027F
Figure 28: India Diagnostic Chains Market Share, By Test Type, By Value, 2017-2027F
Figure 29: Number of Outpatient Consultations in India in Financial Year 2021, by Sector (in Billions)
Figure 30: India Diagnostic Chains Market Share, By Sector, By Value, 2017-2027F
Figure 31: India Diagnostic Chains Market Share, By End User, By Value, 2017-2027F
Figure 32: State with Highest Number of Pregnant Women Registered for Antenatal Checks Across India from April 2019 to June 2020