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Ancillary Hospital Location Diagnostic Testing Market Value, Segments and Growth 2023

Press release   •   Apr 12, 2017 08:29 EDT

Global Ancillary Hospital Location Diagnostic Testing Market: Brief Account

The global ancillary hospital location diagnostic testing market could witness a robust growth in developing economies such as India where continuous efforts are taken to bridge the gap between specialty doctors and patients requiring special healthcare at unexpected times. The government of Hyderabad has planned to install 20 ICUs in district and suburb hospitals where the infrastructure could cost around INR 32.0 lakhs and another INR 1.0 crore for procuring medical equipment. The government has also decided to pay its doctors at par with the remuneration of private doctors. Annually, the government would incur approximately INR 7.0 crore from the expenditure of healthcare staff salaries.

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Diagnostic testing is one of the main segmentations of the global ancillary hospital location diagnostic testing market. Coming in line with the standing of each segment in the market is crucial to make a lasting progress in the industry.

The authors of the global ancillary hospital location diagnostic testing market report have taken into account all the deciding factors for analysis, such as growth trends, restraints, opportunities, and value chain evaluation. This report is a complete study of the market which gives confidence to participants for counting their growth development on.

Global Ancillary Hospital Location Diagnostic Testing Market: Trends and Opportunities

The demand in the world ancillary hospital location diagnostic testing market could be primarily driven by the need to assess the medical condition of patients and confirm their recovery status. The results achieved are critically employed by physicians and doctors to approve or disapprove the discharge of patients from ICU or any other emergency care units. Ancillary hospital locations are considered to be very critical and sensitive where diagnostic testing needs to be dead accurate and performed on an immediate basis so as to provide the right and early treatments for patients.

Patients suffering from infectious diseases generally need to stay longer in ICUs. Moreover, there is a strong prevalence of infectious diseases in the major regions of the global ancillary hospital location diagnostic testing market. Thus, the infectious disease testing segment by diagnostic testing type is prophesied to win a lion’s share in the market. Nonetheless, radiology testing is expected to pick up a staggering pace in terms of growth to emerge as a faster growing market. This could be due to the extensive application of radiology for diagnosing a range of health conditions, including nervous system, neural, and cardiovascular disorders.

Global Ancillary Hospital Location Diagnostic Testing Market: Geographical Analysis

Medical tourism in emerging nations such as India due to the lower cost of indispensable and extortionate treatments is prognosticated to offer bankable opportunities for players operating in the international ancillary hospital location diagnostic testing market. There has been an increased level of patient shifting from Europe and North America to the Middle East and Asia Pacific countries to incur lesser medical costs. Heart bypass surgery, for instance, costs only close to US$5,200 in India, whereas the cost could spike up to US$144,000 when performed in the U.S.

The number of healthcare facilities, availability of treatment and diagnostic methods, healthy lifestyle requirement, and rising awareness about diseases are some of the positive factors supporting the growth of the global ancillary hospital location diagnostic testing market in less developed countries.

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Global Ancillary Hospital Location Diagnostic Testing Market: Companies Mentioned

With a view to cement their status in the worldwide ancillary hospital location diagnostic testing market, industry players could consider new product development and collaborations as principal strategies. Top-tier companies such as Thermo Fisher Scientific Corporation, EKF Diagnostics, Bio-Rad Laboratories, Agilent Technologies, and Abbott Laboratories are predicted to lead the way in the market.

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