The inadequacy of hospitals and testing centers in remote areas has always affected the status of Healthcare in India. In order to increase the network in small towns, diagnostic labs in India are moving to the franchising model.
The diagnostics franchise market as of now is highly fragmented and has not been tapped into much; which implies there is a distinct possibility of more players coming here in the future.
Therefore, whoever is not presently into franchising will eventually have to venture in into this segment to increase customer base and reach.
According to our report, “Indian Diagnostic Market Outlook to 2017”, these new ventures will continue to create a need for diagnostic products, resulting in an INR 117 Billion market by 2017. The report provides an insight into the various trends that will shape the market in the coming years. The report divides the diagnostic equipment market into various segments which are then studied in terms of the major tests and mechanism, market outlook and the key players operating in the segment.
Similarly, the Indian Diagnostic Imaging Market has also been segmented. The report also discusses the regulatory environment in India with respect to diagnostic products. It talks about the various licenses and certification required by manufacturers and service providers and also touches upon the intellectual property aspect of diagnostic products. At the end, the competitive scenario has been analyzed in terms of the manufacturers and service providers, where a strength and weakness analysis has been performed to compare the players.
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