India Diagnostic Labs Market to Grow at a CAGR of 11.53% through 2028
Growing Awareness Related to Preventive Medicine to drive the India diagnostic labs market through 2028 According to TechSci Research report, “ India Diagnostic Labs Market – By Region Competition Forecast & Opportunities, 2018-202 8,” the India diagnostic labs market stood at USD14796.21 million in 2022 and is expected to grow at a CAGR of 11.53% during the forecast period. This can be ascribed to an increase in demand for early disease diagnosis and the identification of root causes as soon as possible to acquire the suitable and best therapy. The Government of India under the National Health Mission have started with the Free Essential Diagnostics Initiative to address the high out of pocket expenditure on diagnostics (10% OOPE on cost of diagnostics 11% in OPD and 9.6% in IPD as per NSSO 71st round) and improve quality of healthcare services. The objective of the Free Diagnostic Services Initiative program is to ensure availability and access to diagnostic test...