Amazon’s entry into India’s diagnostic services business to intensify competition
Amazon’s entry into India’s diagnostic services business will intensify competition with existing established players, potentially leading to further consolidation in a market dominated by standalone labs. Earning the trust of doctors and patients could be the key to success of the world’s largest e-tailer’s latest venture in India, experts and market participants told The Telegraph.
The market for diagnostic labs is estimated to be in the region of $17-18 billion (₹153,000 crore) according to rating and research firm Crisil and growing by a healthy rate of 9-10 per cent annually.
