Noida, UP -- (SBWire) -- 01/10/2011 -- Indian diagnostics market has a seen a surge during the recent past few years due to several favorable factors such as, rise in the health consciousness of the Indian population in the tier-II and tier-III cities. Moreover, increasing prevalence of diseases and their complexity has resulted into a high demand for diagnostic devices and services in the country. Diagnostic services and devices are preferred by the doctors and individuals to ensure correct diagnosis of the disease before initiating the treatment. Better health education and financial stability of the Indian population are also important driving factors. As a result, 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”.
Through the in-depth analysis of the market scenario in India, we found the indispensible importance held by Point of Care (POC) diagnosis in the overall diagnostics market. Depending on the accurate and detail results provided by these intricate tests, one can be assured of the underlying conditions of the patient. To keep afloat with the consumer requirements, the diagnostic test providers in the country are adopting state-of-the-art technology for faster and more efficient analysis.
For providing a comprehensive outlook, our team of experts has explained various segments of the diagnostics market. Hematology, immunology, microbiology, and urinalysis are some of the main segments covered in the report. However, the most profile diagnostic market segment in India is biochemical testing, which is expected to capture around 36% of the entire diagnostics market by the end of 2010.
“Indian Diagnostic Market Analysis” also covers various key players that are currently dominating the market in India. Additionally, the report has explained the regulatory environment regarding the diagnostics industry in the country. Moreover, the past and current 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 in-depth knowledge of the current, past, and future performance of the industry.
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Indian Diagnostic Market Set for Stupendous Growth