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Associated Press
27-05-2025
- Business
- Associated Press
India Diagnostic Laboratories Market Report 2025: Market Set to Double by 2030, Driven by Healthcare Awareness & Tech Advancements
DUBLIN--(BUSINESS WIRE)--May 27, 2025-- The 'Diagnostic Laboratories Market in India (2025 - 2030)' report has been added to offering. The diagnostic laboratories market in India was valued at INR 1.54 Trn in FY 2024. It is expected to reach INR 2.98 Trn by FY 2030, expanding at a compound annual growth rate (CAGR) of ~11.70% during the FY 2025 - FY 2030 period. India's diagnostic laboratory market is poised for substantial growth, driven by rising healthcare awareness, technological advancements, and a growing burden of chronic diseases. The sector is a key component of the healthcare system, facilitating early disease detection and treatment planning. Government initiatives such as the Production Linked Incentive (PLI) scheme and increased foreign investments are expected to further boost this market. The industry is seeing rapid digitization, enhancing accessibility to quality diagnostic services across both urban and rural areas. Factors such as an aging population, increased disposable income, and the shift towards preventive healthcare are fueling growth. The sector comprises both standalone laboratories and hospital-based diagnostic centers, with In Vitro Diagnostics (IVD) playing a crucial role in market expansion. The government's push for local manufacturing, coupled with the PLI 2.0 scheme, aims to enhance domestic production capabilities. India is also a leading hub for medical tourism, contributing to the rising demand for high-quality diagnostics. Market segmentation: India's diagnostic laboratories market comprises two segments: pathology and radiology. Pathology services, including biochemistry, hematology, and microbiology, dominate the market. The IVD sector, covering RT-PCR, ELISA, and molecular diagnostics, is projected to grow significantly due to increasing demand for early disease detection. The radiology segment, covering X-rays, MRI, CT scans, and ultrasound, is witnessing technological advancements. Digital imaging and AI-powered diagnostics are streamlining operations. The Make in India initiative has encouraged domestic manufacturing of high-end imaging equipment, reducing dependency on imports. Tele-radiology services are gaining traction, allowing specialists to analyze scans remotely, particularly in rural areas. Market trends: The Indian diagnostic laboratories market is undergoing significant transformation, driven by the adoption of digital technologies and a shift towards personalized healthcare. The rise of AI-powered diagnostics, cloud-based platforms, and wearable technology is enhancing test accuracy, speed, and accessibility. Preventive healthcare is gaining traction, with increasing demand for genetic testing, early cancer screening, and wellness packages. Government and private investments, including the PLI scheme and FDI policies, are fostering local manufacturing of diagnostic equipment, reducing reliance on imports and lowering costs. Point-of-care (POC) testing is expanding, providing quick, cost-effective diagnostics in remote areas, while home-based testing is becoming mainstream, supported by mobile sample collection and AI-driven analysis. These trends are collectively shaping a more efficient and patient-centric diagnostic ecosystem in India. Key Topics Covered: Chapter 1: Executive Summary Chapter 2: Socio-economic Indicators Chapter 3: Introduction 3.1. Market Definition and Structure Chapter 4: Market Overview 4.1. India Diagnostic Laboratories Market Overview 4.1.1. Market Size and Growth Forecast Based on Value (FY 2022 - FY 2030e) 4.2. India Diagnostic Laboratories Market Segmentation -Based on Diagnostic Test Type 4.3. Region-wise Labs Accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL) 4.4. Regulatory Bodies of Diagnostics Labs Market in India 4.5. Distribution of Diagnostics Labs in India (FY 2023) Chapter 5: Market Segmentation 5.1. India Diagnostic Laboratories Market Segmentation - Based on Diagnostic Test Type 5.2. Pathology Market Size and Growth Forecast (FY2022 - FY2030e) 5.3. Radiology Market Size and Growth Forecast (FY 2022 - FY 2030e) Chapter 6: Market Influencers 6.1. Market Drivers 6.2. Market Challenges Chapter 7: Market Trends 7.1. Key Market Trends Chapter 8: Government Initiatives 8.1. Favorable Government Initiatives Chapter 9: Competitive landscape 9.1. Dr. Lal Pathlabs Limited Note: Financial information has been covered only for public companies. 9.2. Metropolis Healthcare Limited 9.3. Suraksha Diagnostic Limited 9.4. Thyrocare Technologies Limited 9.5. Vijaya Diagnostic Centre Limited 9.6. Agilus Diagnostics Limited 9.7. Apollo Diagnostics 9.8. MEDall Healthcare Private Limited 9.9. RedCliffe Labs Chapter 10: Recent developments For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: INDIA ASIA PACIFIC INDUSTRY KEYWORD: SCIENCE HEALTH OTHER SCIENCE OTHER HEALTH SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/27/2025 10:15 AM/DISC: 05/27/2025 10:14 AM
Time of India
22-04-2025
- Business
- Time of India
Goodbye China, Namaste India! Laptop brands shift production as PLI scheme bears fruit, Trump's tariffs loom large
The current manufacturing capacity in India could replace approximately 10-20% of total laptop imports. (AI image) India's Rs 17,000 crore production-linked incentive programme for IT hardware is beginning to yield results as several brands previously reliant on China establish partnerships with domestic contract manufacturers for laptop production in India. These collaborations come against the backdrop of escalating trade tensions between China and the US. Despite the Donald Trump administration's current exemption on IT hardware imports from China, companies are hastening their discussions for local manufacturing arrangements with Indian firms, driven by concerns over potential sector-specific tariffs anticipated in May. Indian manufacturers are enhancing their production capabilities whilst offering global brands advantages through reduced tariffs and incentive schemes. Additionally, they provide opportunities to participate in government contracts requiring 20-50% local content. Industry sources told ET that present manufacturing capacity in India could replace approximately 10-20% of total laptop imports, which reached $11 billion in FY2024. Current domestic laptop production stands at roughly $1 billion, as per industry statistics. Make in India The Production Linked Incentive (PLI) 2.0 for IT Hardware, introduced on May 29, 2023, features a Rs 17,000 crore budget allocation across six years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo The programme offers approximately 5% incentive on net incremental sales of locally manufactured products. Manufacturers must increase component localisation annually to secure additional incentives. The government anticipates that PLI 2.0 will attract Rs 3,000 crore in investments, generate Rs 3.5 lakh crore in production value, and create 47,000 jobs nationwide. Asus recently launched an assembly line at VVDN Technologies' Manesar facility after six months of discussions regarding scalability and localisation. According to Gourab Basu, senior vice president at VVDN, who spoke to the financial daily, their current production line produces one laptop every 240 seconds. Also Read | Elon Musk's Tesla eyes India to diversify its global supply chain; in talks with CG Semi, Micron "Our commitment to India is very, very strong," Dinesh Sharma, vice president, commercial PC and smartphone system business group, ASUS, said. "When you are trying to shift your production supply chain, cost efficiency is a matter of concern. And the more backward integrations we can get, the better". Gurugram-based Syrma SGS has established an agreement with Taiwan-based MSI for laptop manufacturing in India , responding to stricter import regulations. As a participant in the IT hardware PLI, the contract manufacturer recognises the opportunity for Indian companies to benefit from the shift away from high-tariff nations such as China and Vietnam. "We in the industry should catch the bull by its horns and take this opportunity to develop the ecosystem of components base in India," said Jasbir Singh Gujral, managing director, Syrma SGS, noting that the organisation will consider capacity expansion to attract additional laptop brands for exports. Dixon Technologies has allocated over Rs 1,000 crore towards establishing a new manufacturing unit in Tamil Nadu for HP Inc laptop production. The facility, scheduled to commence operations in May, will initially produce two million laptops yearly. Additionally, Dixon has contracted with Lenovo and Asus for laptop production at this location, whilst already producing 25-30% of Acer's domestic requirements at their Noida facility. Government statistics indicate that as of December 2024, PLI has attracted Rs 520 crore in investments, achieved Rs 10,000 crore in production value, and created 3,900 employment opportunities. The programme has experienced limited participation, as international companies continue importing most of their Indian sales volume, benefiting from China's 4-5% manufacturing cost advantage prior to tariff implementation. Despite China's established cost-effective ecosystem, global companies are now actively developing a comparable infrastructure in India as an alternative manufacturing base. Also Read | Donald Trump tariffs push Chinese giants to bow to India's terms India's laptop exports remain constrained due to stringent US product testing requirements. An executive pointed out that India lacks appropriate testing facilities, necessitating product shipments to Shanghai's nearest laboratory for US export certifications, resulting in additional expenses. Asus' Sharma indicated the company's consideration of encouraging their global component suppliers to establish Indian operations, expressing willingness to share these suppliers with VVDN to support their backward integration initiatives. VVDN reported ongoing manufacturing of various components and modules, including Wi-Fi antennas, camera modules, memory packaging, display assembly, mechanical inclusions, and additional items. The company intends to establish a printed circuit board manufacturing facility. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
