PATHOLOGY MARKET SCENARIO OF INDIA

Posted on 4 Jul 2022

PATHOLOGY MARKET SCENARIO OF INDIA

INTRODUCTION

Indian Diagnostic and pathology Laboratory market is one of the fastest growing market in the country. Indian Healthcare industry is growing at the rate of 20% per year as per a global rating agency.

Considering the above facts Hospaccx team started working the mapping of market trends and dynamic. This is microficial study of pathology market if you want to get into more detail you can contact hospaccxconsulting.com.

MARKET OVERVIEW OF PATHOLOGY IN THE WORLD

The global anatomic pathology market is expected to reach USD 21.9 Billion by 2021 from USD 16.2 Billion in 2016, at a CAGR of 6.1% from 2016 to 2021. 
The large share of the North American region can be attributed to factors such as increasing initiatives by industry players and governments in diagnostics and the rising prevalence of chronic diseases.

HISTORY OF PATHOLOGY

(980–1037) –  The pathology of contagion was understood by Muslim physicians 
(1091–1161) –  the first physician known to have made postmortem dissections was the Arabianphysician Avenzoar who proved that the skin disease scabies was caused by a parasite
(1443-1502) – Anatomic dissection was repeatedly used by the Italian physician Antonio Benivieni to determine cause of death. 
(1821-1902) – Rudolf Virchow (the father of microscopic pathology)was one of the first prominent physicians to emphasize the study of manifestations of disease which were visible only at the cellular level.
(1866–1942)- Ludwig Aschoff developed the concept of the reticulo-endothelial system
(1885–1964) – Nikolai Anitschkov described the histopathology of the heart

PATHOLOGY INVENTIONS

DNA blood tests for prenatal screening
Researchers have developed a test that works by analyzing fragments of fetal DNA that have been shed into the mother’s blood to screen for genetic abnormalities like Down syndrome. Because this is a screening test, the results cannot be used alone. Positive results require pregnant women to have follow-up diagnostic testing, such as chorionic villus sampling (CVS) or amniocentesis. The test is also called non-invasive prenatal testing because it only requires a blood draw from the mother.

DNA blood tests for cancer screening

Researchers are now able to detect the DNA that cancer tumors shed into the blood of cancer patients. The technology is promising, but it will need to be part of additional, large clinical trials before it becomes a routine part of cancer evaluations. These “liquid biopsies” could be done more frequently to monitor cancer and guide treatment changes in real time and with less risk than a traditional tissue biopsy or CT scan. They are less invasive as they rely only on a blood sample. So far, liquid biopsies have been studied for monitoring lung, colon, and blood cancers.

GLOBAL MARKET OF PATHOLOGY

The global digital pathology market was valued at US$ 340 Mn in 2017 and is projected to reach more than US$ 900 Mn by 2026, expanding at a CAGR of more than 12% from 2018 to 2026. 
North America is the most developed region in this sector.
Asia Pacific was the largest region in the medical and diagnostic laboratory services market in 2017, accounting for above 37% market share.
The USA was the largest country in the market in 2017, accounting for 24% of the market.

PATHOLOGY MARKET IN INDIA

The Indian diagnostic industry comprises of over 1,00,000 laboratories at present. Out of these, 70 per cent labs cater to pathology services and around 30 per cent cater to radiology and imaging requirements.
As per research, the Indian diagnostic market is expected to grow at CAGR 20 per cent to $32 billion between 2012-2022, from $5 billion in 2012.

PATHOLOGY MARKET CHALLENGES IN INDIA

Inadequate skilled Healthcare Professionals to cater the population
Lack of good or quality laboratory practises results in improper reports.

PATHOLOGY MARKET DRIVERS IN INDIA

Increase in the number of diabetes, hypertension, liver and kidney diseases leads to growth in this segment.
Increasing aging population.
A large untapped opportunity in the form of unmet medical needs is the primary growth drivers in India.

LIST OF PATHOLOGY CENTERS IN INDIA

1. Suburban Diagnostics

A pioneer in the medical diagnostics arena, Suburban Diagnostics has been the front-runner in world-class diagnostic services since 1994. Suburban Diagnostics has been accredited by CAP  and NABL.

2. SRL Diagnostics

It is a diagnostic company based out in Mohali providing diagnostic services in pathology and radiology. With corporate offices in Gurgaon, New Delhi and Mumbai, the company have 356 networking laboratories, including 4 Reference Labs, 4 Centres of Excellence, 26 radiology/imaging centres, 40 NBL accredited labs, 4 CAP accredited labs and a footprint spanning over 100 collection points.

3. Lal Path Labs Limited

It is an international service provider of diagnostic and related healthcare tests. Dr. Lal Path Labs was started in 1949, by the late Dr. S. K. Lal. The first laboratory was set up by Dr. S.K Lal in Delhi, India. In 2013, Dr. Lal Path Labs was awarded Best Diagnostic Service Company by VC Circle. The company has 170 laboratories and diagnostic centres with approximately 1500 collection centres across India. The diagnostic centre is accredited by ISO 9001:2008, NABL and Ministry of Science and Technology, Government of India.

Metropolis Labs

It is a chain of diagnostic companies, with its central laboratory in Mumbai, Maharashtra. Metropolis Healthcare has a chain of 125 labs and 800 collection centres. Founded in 1981 by Dr Sushil Shah (Chairman, Metropolis Healthcare),

Apollo Diagnostics

Apollo Diagnostics is the corporate credo of bringing quality, affordable healthcare closer to the consumer, 2015 saw 100+ Apollo Diagnostics centres, in 2016 it has been grown to 150+ centres and 2017 landed with 250 + collection centres , 70+ Labs springing up in neighbourhoods across India.

Lifecare Diagnostics

Established in 1995, Lifecare is the country’s premier full-service diagnostic centre with laboratory, providing expertise in imaging and digital pathology services.

CONCLUSION

Indian population are being aware about the early detection and treatment of illness which has created tremendous market for pathology
The rise in health consciousness in the society, the rising burden of chronic diseases and penetration of private medical insurance in India has increases the demand of pathology centres.

Are you planning to build or restructure or venture in Pathology Center in India? Looking for information about the major healthcare players in Government, Private diagnostic centres that are available in India? Are you looking to find out which part of the city’s is best to venture in or what all facilities are available and what all should be planned for new setup? In this article Hospaccx Healthcare Consultancy has mapped all on major players in terms of Pathology facilities and healthcare scenario in India.

Below is the superficial and macro level survey if you need a refined market and financial feasibility or any other study related to healthcare is required you can contact Hospaccx Healthcare busionsulting Pvt. ltd on hospaccx.india@gmail.com Or you can visit our website on hospaccxconsulting.com