India diagnostic labs market stood at USD12319.32 million in 2021 and is expected to grow at a CAGR of 11.65% during the forecast period. This can be attributed to increasing requirements for early disease detection and finding root causes as early as possible in order to acquire suitable therapy. The Indian government is constantly attempting to offer its inhabitants world-class healthcare and patient care services, which will boost the growth of the India diagnostic labs market in the upcoming five years. The government will continue to invest in Ayushman Bharat Yojana in order to provide insurance to the Indian population. By 2027, India wants to provide health insurance to a major section of its population. As diagnostic chains and insurance coverage expand, clinical lab testing will become more common. The government will continue to prioritize the prevention of noncommunicable diseases (NCDs) such as cancer. Hospitals will establish satellite departments to relieve the pressure of congestion. Primary care clinics in India are boosting their clinical testing capacity by updating equipment and expanding testing options while leveraging their network of chain clinics to serve a larger consumer base. In addition, lifestyle challenges, poor dietary habits, and communicable diseases all contribute to India's large patient population. Long working hours, poor eating habits, and a lack of physical activity contribute to the growth in the incidence of lifestyle disorders like diabetes, obesity, and hypertension. Over the next five years, India's diagnostic labs market is predicted to grow due to the increasing prevalence of various ailments.

Sudden Outbreak & Spread of COVID-19 Driving Market Growth

Due to the rising number of COVID-19 cases in the country and the government's repeated requests for people to get tested, many stand-alone diagnostic centers, hospital-based diagnostic labs, and diagnostic chains received approval and accreditation to conduct COVID-19 tests. The imposition of lockdown, combined with a rise in COVID-19 cases, resulted in an increase in COVID-19 tests performed by diagnostic labs. Due to an increase in load from COVID-19 testing or a drop in demand for other types of diagnostic tests, several labs have discontinued performing other diagnostic procedures. During the first wave of COVID-19, diagnostic labs were forced to provide home sample collection services due to an increase in the number of cases and people arriving at the labs. Aside from diagnostic chains, a growing number of hospital-based diagnostic labs and stand alone diagnostic clinics have begun to offer home sample collecting services.

Development of Healthcare Infrastructure Supporting Market Growth

The growing healthcare expenditure in order to improve the existing healthcare infrastructure in the country will lead to the establishment of various new hospitals and diagnostic labs across the country. In addition, the Indian government is continually investing in the infrastructure of existing hospitals. For example, on March 26th, 2022, the Delhi government stated that it would upgrade 15 hospitals and construct 4 new hospital facilities in the city. As a result, the rise of hospital-based diagnostic labs and the overall diagnostic labs market in the country is likely to be lucrative.

Increasing Prevalence of Diseases will Support Market Growth

The growing incidences of various communicable and non-communicable diseases such as cancer, cardiovascular disease, gastrointestinal disorders, renal disorders, and urological difficulties has resulted in a large increase in the need for these diseases' diagnosis and treatments. As a result, the growth of the India diagnostic labs market is predicted to be boosted. According to Globocan, approximately 1,324,413 new cancer cases were recorded in India in 2020, with 646,030 men and 678,383 females being reported. Similarly, as of March 28th, 2022, India conducted roughly 787,355,354 COVID-19 tests. All of these tests are only performed in diagnostic laboratories, which helps the industry grow.

Special Discounts and Packages Supporting Growth of Diagnostic Labs Market

Different diagnostic labs spread across the country have started offering lucrative discounts & offers in order to attract the population to get them diagnosed for different diseases. These offers and packages increase on the occasion of important days such as breast cancer awareness week, AIDS day, cancer day, among others. As a result, the substantial potential for expanding the diagnostic labs market in India is foreseen. Large diagnostic chains, like Dr. Lal PathLabs, also provide special packages like Pregnancy Packages, Diabetes Care Packages, and Swasthfit Packages. Senior citizens might receive up to a 10% discount from the company. The company also sells gift cards that may be used to gain discounts on certain testing.


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Market Segmentation

The India diagnostic labs market segmentation is based on provider type, test type, end user, competitional landscape, and regional distribution. Based on provider type, the market is segmented into Stand Alone Diagnostic Labs, Hospital Based Diagnostic Labs, Diagnostic Chains. Market segmentation depending on test type is distinguished between pathology and radiology. Based on end user, the market is divided into referrals, walk-ins, and corporate clients. The market analysis also studies the regional segmentation, divided among Northern region, Eastern region, Southern region and Western region. The Northern region dominated the market in 2021 with an overall market share of 30.20% on account of surging COVID-19 cases in the region which created a huge demand for testing across diagnostic labs in the region.

Company Profiles

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. among others is a list of major market competitors are responsible for the growth of India Diagnostic Labs market.

Attribute

Details

Market Size Value in 2021

USD12319.32 Million

Revenue Forecast in 2027

USD25667.21 Million

Growth Rate

11.65%

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Provider Type

·         Test Type

·         Sector

·         End User

·         Region

·         States

·         Company

Regional Scope

Northern, Southern, Eastern, Western

Key Companies Profiled

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.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

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.  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

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • 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.

     

    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