💨 Abstract

The PhillipCapital report forecasts a 14% CAGR growth for India's diagnostics industry over the next five years. Key drivers for this growth include increased healthcare spending, an ageing population, higher income levels, and increased penetration of health insurance. Organised diagnostic players, with advanced and efficient services, are expected to grow faster than the industry average and benefit from market consolidation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖