Indian Diagnostics Industry: Turning Challenges into Opportunities through Innovation

Indian Diagnostics Industry: Turning Challenges into Opportunities through Innovation

By: Rachita Sharma, Managing Editor | Monday, 20 November 2023

The widespread prevalence of several chronic illness and lifestyle diseases have propelled the world to face a host of critical health challenges. Needless to say, the need for healthcare services has risen urgently. Consequently, the diagnostics industry has also experienced an upsurge in demand for necessary medical test services.

According to a Praxis Global Alliance report, the Indian medical diagnostic industry is slated to grow at around 14 percent touching $20 billion by 2026 from $10 billion in 2021. The diagnostic market has experienced a visible shift in its scope and capacity with amplified focus on diagnostics and treatment, since the pandemic. Through induction of innovative technology solutions, the Internet of Things (IoT) and Machine Learning (ML), the diagnostics market has carved a special niche, tapping the enormous potential in enabling deliverable healthcare solutions to all sections of the population in the remotest areas of India. A host of new-age startups and service providers have also emerged in the market to build on the momentous change in the industry.

The diagnostics industry has overcome significant gender biases where women are gradually rising to heights across the industries today, their illustrious presence in Diagnostics industry is equally remarkable. The healthcare and diagnostics sector of India is witnessing the rise of domineering women leads spearheading the industry from the front, bringing in a wave of revolution across reforms & developments. There are many Women Leaders in Diagnostics from India as well, who have effectively augmented the industry’s growth.

In this issue, the Women Entrepreneur magazine brings in to spotlight a list of illustrious women leaders in the Indian diagnostics industry. These women are domineers of change in the healthcare realm of the country. This list of ten leading and inspiring women is crafted by a team of CEOs, VCs, and the editorial board, delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of an economically powerful nation.

Do read on and let us know your thoughts.