The growth in the industry is being driven by various factors including:
Increase in evidence-based treatments Huge demand-supply gap Changing disease profiles Increase in health insurance coverage Need for greater health coverage as population and life expectancy increase Rising income levels make quality healthcare services more affordable Demand for lifestyle diseases-related healthcare services Increase in preventive health check ups
The diagnostics industry is witnessing a great deal of visibility and interest with more organized players driving regional growth. This is also resulting in gradual shift of the market from unorganized to more organized players thereby driving quality and efficiency standards.
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