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Noida, Uttar Pradesh, India, 2011/02/13 - As the focus shifts to ensuring precision of the healthcare services, Indian diagnostics market is expected to grow at a rate of around 22% during 2010 - 2012, says RNCOS.
Indian diagnostics market has been experiencing stupendous growth for the past few years due to the rising health consciousness of the people and high prevalence of diseases. There is a major focus on enhancing the accuracy of disease diagnosis to support the medical staff in providing the required treatment. Better financial conditions of the Indian population and rising healthcare expenditure are also important driving factors. Thus, Indian diagnostics market is expected to grow at a CAGR of over 22% during 2010-2012, as per our new report “Indian Diagnostic Market Analysis”.
The report clearly indicates the vast potential held by the biochemical and hematology based devices & services. Besides, we have found that the Point of Care (POC) diagnosis is the leading driving factor for the industry. These highly precise and intricate tests provide a thorough analysis of the patient’s condition within a small time period. The diagnostic devices and services being offered in the country are increasingly matching up with the international standards, with more companies venturing into the field.
Our team of experts has categorically enumerated the prevailing segmentation of India’s diagnostics market. Hematology, immunology, microbiology, and urinalysis are some of the other segments that have appeared as the focus of the diagnostics industry. Moreover, the cost analysis presented in the report offers the financial outlook of the diagnostics market.
“Indian Diagnostic Market Analysis” also covers competitive analysis of the industry, with a detail account of all the major players. Additionally, the report explains the regulatory environment regarding the diagnostics industry in the country. Moreover, the prevailing trends and the future driving trends in the field have been considered, while studying the overall market scenario. The research work done in the report will help consultants, industry analysts, and vendors to get an in-depth knowledge of the current, past, and future performance of the industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.