The Indian diagnostics sector has witnessed rapid expansion in recent times, mainly as a result of the rise in chronic lifestyle-related diseases and availability of more disposable income in the hands of the population. An overwhelming proportion of the overall medical treatment that is provided in the country is dependant on laboratory diagnostic testing, thereby making it a very lucrative sector for investment. More health insurance coverage for the population has also brightened the prospects of the industry in general. The relatively lower cost of diagnostic services in India as compared to other countries has also made it a promising centre for such services. Added to this is the recent increase in the number of multi-specialty diagnostic centres which offer state-of-the-art services, all under one roof. With patients willing to shell out money for such quality and convenient services, this industry is set to move forward in the upcoming years. However, the poor entry barriers of this industry that make it easy for unorganised players to operate here is something that needs to be taken care of in future. Hide this