Whalesbook
India's diagnostic services market is projected to expand at a 12% CAGR, reaching $15-16 billion by FY30, according to CareEdge Ratings. Growth is fueled by rising preventive healthcare awareness, demographic changes, and increased health insurance coverage. Despite competitive pressures leading to lower revenue per test, volume growth and consolidation among organized players are key drivers for profitability. Genomic testing is also emerging as a significant growth segment.