Navigating the Dynamics of India’s Diagnostic Labs Market: A Comprehensive Overview
The landscape of diagnostic services in India is undergoing a transformative phase, driven by strategic government initiatives and the relentless efforts of key players in the healthcare sector. The Government of India, recognizing the challenges posed by high out-of-pocket expenditure on diagnostics, has introduced the Free Essential Diagnostics Initiative under the National Health Mission. This initiative aims not only to address the financial burden on patients but also to enhance the quality of healthcare services across the nation. Government Initiative to Transform Diagnostics Landscape Lab diagnostics market India has witnessed a significant financial burden on patients due to diagnostics costs, with 10% of out-of-pocket expenditure (OOPE) occurring in diagnostics, 11% in outpatient departments (OPD) , and 9.6% in inpatient departments (IPD) , as per the National Sample Survey Organization’s (NSSO) 71st round. In response to this, the Free Essential Di...