Healthcare and Lifesciences
Indian diagnostics industry to reach $25 bn in FY28: Praxis Global Alliance Report
02 Apr 2024
The Indian diagnostics industry is projected to reach $25 billion by FY28, up from $13 billion in FY23, backed by attractive margins and growth potential. 

“This market is expected to have CAGR (compound annual growth rate) of 14 per cent in the next five years, fuelled by factors such as the rising prevalence of chronic diseases, growth in geriatric population, demand for preventive tests, and higher penetration of government insurance schemes,” Aryaman Tandon, Managing Partner and Co-founder of Praxis Global Alliance, told businessline, based on the firm’s research report.

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