Diagnosis is the first step to disease management, as without accurate identification there is no possibility for accurate treatment.
India is a land full of opportunities for players in the diagnostic service industry. The country has become one of the major destinations for various diagnostic services.
Considering the above facts Hospaccx team started working the mapping of market trends and dynamic. This is macroficial study of diagnostic market if you want to get into more detail you can contact [email protected]
MARKET OVERVIEW OF DIAGNOSTIC CENTERS IN THE WORLD
- The global In Vitro Diagnostics (IVD) market size was valued at USD 59.40 billion in the year 2017. It is expected to expand at a CAGR of 6.6% over the forecast period. Rising prevalence of chronic diseases is anticipated to propel this growth.
- Rising demand for Point-of-Care (PoC) devices is expected to fuel the market growth.
- India is also expected to show high growth rates in the next six years in molecular diagnostics
- The U.S. accounted for more than 70% of total North American in-vitro diagnostics market in terms of revenue in 2017.
- North America & Europe are amongst the foremost revenue generating markets for IVD product.
- The Asia Pacific accounted for over 32% of the total market in 2017.
HISTORY OF DIAGNOSTIC CARE
- 300 BC – Hippocrates advocates examination of urine to diagnose disease.
- AD 1267 – R. Bacon experiments with optics, probably produces first microscope.
- 1500 – Physicians begin using urine color charts for visual urinalysis.
- 1590 – Hans Janssen invents the compound microscope.
- 1684 – Anton van Leewenhoek publishes the first drawings of bacteria as seen under the microscope.
- 1754 – Leopold Auenbrugger introduces percussion of the chest into medical diagnosis.
- 1770 – John Hill introduces a method of obtaining specimens for microscopic study.
- 1816 – R. T. H. Laennec invents the stethoscope; G. B. Amici invents the dioptric/achromatic microscope.
- 1830 – Gerardus Mulder performs the first elemental chemical analysis of proteins; J. J. Lister develops an achromatic microscope and introduces dark-field microscopy.
- 1852 – K. Vierordt develops a method for performing accurate blood counts (hemocytometry); G. G. Stokes discovers fluorescence.
- 1856 – William Perkin prepares the first synthetic dye.
- 1859 – E. Becquerel invents the fluorescent lamp.
- 1866 – Voit establishes the first hygienic laboratory in Munich.
- 1871 – The dry-plate photographic process is invented.
- 1872 – Oscar Brefeld develops the use of a gelatin medium for isolation of fungi in pure culture.
- 1875 – Corfield establishes the first public health laboratory in England; Osaka, Japan, establishes the Imperial Hygienic Laboratory.
- 1890 – The Royal College of Physicians and Surgeons establishes a conjoint clinical laboratory in London; G. S. Woodhead is the first director.
- 1892 – J. Dewar invents the vacuum flask; Charles and William Mayo found their clinic; New York City Department of Health establishes the first public diagnostic bacteriology lab in the U.S. under Hermann N. Biggs and William H. Park; Laboratory of Hygiene at the University of Pennsylvania is opened in Philadelphia.
- 1893 – J. Elster and H. F. Geitel invent the photoelectric cell; T. W. Richards invents the nephelometer; Hermann M. Biggs establishes Diagnostic Laboratory in New York City.
- 1895 – Franz Ziehl and Friedrich Neelsen introduce their modification of the acid-fast stain for tuberculosis; William Roentgen discovers X-rays; William Pepper Laboratory is established at the Pennsylvania General Hospital.
- 1896 – S. Riva-Rocci invents the sphygmomanometer; C. W. Purdy publishes Practical Urinalysis and Urinary Diagnosis; Ferdinand Widal develops the agglutination test for identification of the typhoid bacillus; in Great Britain, clinical laboratories existed in Edinburgh, Leeds, Glasgow, and London by this date.
- 1897 – The first commercial clinical laboratory established in England.
- 1905-1906 – The spirochete that causes syphilis was identified and the Wassermann test for syphilis was introduced.
- 1946 – George Sc hoenander developed the film cassette changer which allowed a series of cassettes to be exposed at a movie frame rate of 1.5 cassettes per second.
- 1955 – X-ray image intensifier (also called I.I.) was developed and allowed the pickup and display of the x-ray movie using a TV (television) camera and monitor.
DIAGNOSTIC CARE INVENTIONS
1. Oral swabs
The standard diagnostic test for TB involves patients coughing up sputum, which is difficult to collect, analyzes, and handle. It’s also often unreliable. Gerard Cangelosi, adjunct professor of global health at the University of Washington, who has been investigating the use of oral swabs for TB diagnosis have now found that oral swabbing — that is, taking a sample from inside the mouth with a glorified Q-tip — is a safe and easy alternative to sputum collection for TB diagnosis.
2. Rapid blood test
A new blood prototype test, which takes less than 15 minutes to run, is showing promising results. Researchers from France have developed a blood test that doesn’t require power or health care worker training, which can be used outside of health care facilities anywhere in the world. The test only needs a few drops of blood, placed on the device. Results appear within 15 minutes. Pierre-Alain Rubbo, president of Omunis, a company that develops new blood diagnostic tools for infectious diseases and developed this TB test.
GOVERNMENT INITIATIVE FOR DIAGNOSTIC CARE IN INDIA
Free Diagnostics Service Initiative- The NHM- Free Diagnostics Service Initiative was launched in 2013 to provide free essential diagnostic services at public health facilities under which substantial funding was provided to States within their resource envelope.
A number of government initiatives have also propelled the overall growth of the healthcare sector in India. Under the National Health Assurance Mission, Prime Minister Narendra Modi’s government would provide all citizens with free drugs and diagnostic treatment, as well as insurance cover to treat serious ailments.
Under the government’s National Health Mission (NHM), the government does provide a limited set of free drugs and diagnostics to public health facilities. Rs 759 crore was approved for free diagnostic service initiative for all 29 states in India.
GLOBAL MARKET OF DIAGNOSTIC CARE
- The global diagnostic imaging market is expected to register a CAGR of 5.8% during the forecast period of 2018–2023.
- The global point-of-care diagnostics market is projected to reach USD 38.13 Billion by 2022 from USD 23.71 Billion in 2017, at a CAGR of 10% during the forecast period.
- Global IVD Marketaccounted for $61,103 million in 2016, and is estimated to reach at $84,647 million by 2023, growing at a CAGR of 4.6% from 2017 to 2023.
INDIAN MARKET OF DIAGNOSTIC CARE
- The diagnostic services market is expected to continue growing at 27.5% for next five years.
- The rise in health consciousness in the society and the rising burden of chronic diseases, this market will swell to approximately INR 860 Billion in revenues market by 2020.
- High prevalence of diabetes and other infectious diseases is the major factor driving the India diagnostic laboratories market.
- Rising penetration of medical insurance in India has also been observed as one of the major driver for the India diagnostic laboratories market as financial constraint is considered to be the primary hurdle for seeking medical treatment as claimed by 55% of the rural population and 60% of the urban population in India.
DIAGNOSTIC MARKET CHALLENGES IN INDIA
- High price of medical diagnostics equipment, as most the equipments are imported
- Inadequate skilled Healthcare Professionals to cater the population
- Difficulty in getting accreditation/certification of diagnostic centres
DIAGNOSTIC MARKET DRIVERS IN INDIA
- Increases in Lifestyle-related diseases i.e. diabetes, hypertension, which increases the frequency of diagnosis
- Rapid growth of India as a destination for medical tourism – Dental Tourism
- Increasing penetration of medical insurance in diagnostic market
LIST OF DIAGNOSTIC CARE CENTRES IN INDIA
1. 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.
2. 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.
3. Thyrocare Technologies Limited
It is a chain of diagnostic and preventive care laboratories, based in Navi Mumbai. The company has 1,122 outlets and collection centers across India and parts of Nepal, Bangladesh and the Middle East. Thyrocare was started in 1996, by A. Velumani, ex-scientist at Bhabha Atomic Research Centre (BARC), Mumbai, Maharashtra. The first laboratory was set up in Byculla, Mumbai. It is ISO 9001:2008 and National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited.
4. 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),
5. MEDALL Healthcare Pvt.Ltd (MEDALL)
It is a chain of medical diagnostic service providers based in India. Established by Mr. Raju Venkatraman. They are the 4th largest Indian Diagnostic players and NABL & ISO accredited.
6. 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.
7. 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.
8. Suburban Diagnostics
It is the front-runner in world-class diagnostic services since 1994. Suburban Diagnostics offers a comprehensive menu of pathology, radiology and cardiology tests along with value-added services. Suburban Diagnostics has been accredited by CAP since 2014 and NABL since 2003.
- Indian population are being aware about the early detection and treatment of illness which has created tremendous market for diagnostics.
- Government has also taken initiatives to provide free diagnostic services to the population who cannot afford the expensive diagnostic tests.
- 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 diagnostic centres.
Are you planning to build or restructure or venture in Diagnostic Centre 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 Diagnostic 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 business consulting Pvt. ltd on [email protected] or [email protected] Or you can visit our website on www.hhbc.in