How much of your
customers are in the
rural areas as
against the cities?
How are you trying
to reach out?
The diagnostics market in 2014 stood at
around $5 billion, wherein pathology was
70% and radiology was 30%. Our estimate
is that overall market growth would be 15-
17% and pathology testing would be
growing at 20-22%.
Currently, we cater to
Delhi NCR region covering
Delhi, Noida, Greater
Noida, Gurgaon,
end of FY 17-18. The
Ghaziabad and Faridabad. company aims to add over
200 labs and over 3,000
How is Healthians doing
phlebotomists across 30
in terms of revenue and
cities by the end of 2019.
the response from the
customer base? What are
your immediate and long-
term goals?
We have done 7x growth
in revenues during FY 16-
17 and tracking to further
growth of 4x in revenues
during FY 17-18 while 95%
of the revenues still are
from Delhi NCR. Having
set stable operations in
Delhi/NCR, the company
plans to expand to the
other major cities
including Mumbai,
Bengaluru, along with
expanding to five
identified Tier II cities by
32
BioVoiceNews | November 2017
billion, wherein pathology
was 70% and radiology
was 30%. Our estimate is
that overall market growth
would be 15-17% and
pathology testing would be
We would like to increase
growing at 20-22%. By
our base to 1 million
that logic, today the
customers in Delhi NCR in
overall market would be
next 6-8 months and
$8 Billion and pathology
would be doing over
testing would be close to
3,00,000 booking every
$6 billion. Home-based
month by end of next
testing does not have any
financial year.
significant share, but is a
rapidly expanding
What is the current
market size of Indian segment.
medical diagnostics
We estimate the market
size to double in 5-6 years.
industry and which
India’s medical spend is
are the growth
approximately $160
drivers for the
billion, out of which 50%
sector?
is spent on curing and
The diagnostics market in managing lifestyle
2014 stood at around $5
diseases. With rising