A number of factors have contributed to the massive popularity of laboratory testing in India in recent years. Along with the fact that the Indian population has become much more health-conscious than before, the rising incomes of the country’s middle class has meant that people have more money to spend on diagnostic services, especially in urban and semi-urban regions. In fact, a number of multinational companies have already entered or are planning to enter the Indian market, sensing the immense opportunities available. A vast majority of the country’s population also live in remote, rural areas that are yet to receive proper healthcare facilities. This also presents a very significant future opportunity for growth for the laboratory testing market within the country. However, the industry needs to have a proper standardization procedure for future growth so that customers can avail of accurate test results. Hide this