Indian diagnostics industry to reach $25 bn in FY28: Praxis Global Alliance Report

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Healthcare & Lifesciences

Healthcare and Lifesciences

Indian diagnostics industry to reach $25 bn in fy28: praxis global alliance report

02 Apr 2024

1 min read

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.

Click here to read the full article featured in 'The Hindu Business Line'

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Indian diagnostics industry to reach $25 bn in FY28: Praxis Global Alliance Report | PraxisGA