Disparity to Parity: Advancing Quality, Affordability, and Accessibility in Tier 2 & 3+ India through Technology

The Indian diagnostics industry has emerged as a preferred play in India’s growing healthcare sector, driven by attractive margins and huge headroom for growth. The domestic diagnostics industry in FY24 is ~US$ 15B and is expected to grow at a CAGR of ~14% over the next five years. This white paper aims to assess and quantify the influence of these technological trends on the tier 2+ diagnostics market in the foreseeable future. The Indian diagnostics industry has emerged as a preferred play in India’s growing healthcare sector, driven by attractive margins and huge headroom for growth. The domestic diagnostics industry in FY24 is ~US$ 15B and is expected to grow at a CAGR of ~14% over the next five years. This white paper aims to assess and quantify the influence of these technological trends on the tier 2+ diagnostics market in the foreseeable future.