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With 1,00,000 laboratories and a vast number of hospitals constituting a bulk of the Indian IVD industry, India broadly accounts for one percent of the global diagnostic industry, hardly a fact to be proud of. By 2022, the Indian IVD industry is anticipated to show an exponential growth of 20 percent and clock figures of USD 32 billion by augmenting infrastructural strengths and rolling out key policy initiatives to fast-pace production efforts and derive quick results. The Indian medical diagnostics industry chiefly comprises of In-vitro diagnostics (IVD) and in-vivo diagnostics which are witnessing tremendous growth and changing the paradigms of the business. The growth in key market segments like biochemistry, immunoassays, hematology, reagents, molecular diagnostics, and microbiology or tissue diagnostics is likely to position the Indian medical diagnostics market in the 15-20 percent growth rate range in the near term and earn revenues of around USD 1.7 billion The IVD sector ...