Project report for Pathology laboratory

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Introduction

Laboratory diagnostic service is required for providing an effective diagnosis of the disease suffered by the patient, measure the quantum of medicines to be provided, quantify the extent of cure effected, identify the medical sensitivities of the patient to avoid wrong medication resulting in adverse effects and to extend the research and development capabilities of the medical process. 

A diagnostic center provides a wide scope for the detection of ailments and affords facilities for a detailed medical check-up through diagnostic procedures. To accomplish this objective a modern diagnostic center is well equipped with most modern instruments. MedicalDiagnostic Centre is an establishment that determines the nature and circumstances of a disease condition by scientific examinations. A medical diagnostic center constitutes an important part of the health care system. Diseases are commonly diagnosed concerning the causative organisms if the cause of the disease is invasion by an offending pathogen. Many disease conditions are also diagnosed by tests based on biochemical parameters using the body fluid, commonly blood, or cells and tissues of the individual. 


The demand for diagnostic centers is increasing day by day to cope-up the outgrowing health-conscious patients. Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The booming industry is undoubtedly offering potential opportunities in various healthcare segments. Pathology is one such segment. Indian diagnostic industry is witnessing a strong growth that is going to accelerate with the rise in awareness on preventive health, changing lifestyle and insurances fuelling the preventive healthcare segment. Currently, the diagnostic sector in India is highly fragmented with standalone centers accounting for 45-50% and the organized ones having less than 35% share while the rest are hospital-based diagnostic centers.               
 

Market potential & Strategy

Indian healthcare industry worth Rs 75,000 crore is expected to grow to Rs 80,000 crore by 2025. The unorganized and smaller labs offer a chance to the bigger players to expand their hub and spoke structures and thus, their presence pan-India, though the accessibility of preventive care may get resolved slowly through these hub-and-spoke models, however, the industry continues to see challenges emerging from no recognition and regulation allowing unauthorized lab functioning in poor quality leading to wastage of patient’s money, pricing pressure due to rising competition, lack of capacity building due to limited pathologists and radiologists, and lack of awareness on the effect of value, quality healthcare services.
 Today as the aging population and changing lifestyles are causing an increase in conditions like cancer, diabetes, and heart diseases eventually leading to the growth of diagnostic services, through imaging, ultrasound, radiology, and pathology laboratories. People now are opting for early wellness testing and diagnosis as it increases the chances of a positive outcome, saving lives and cost of further treatment. The market for such pathological laboratories is skyrocketing in all parts of India especially in sub-urban and rural areas.

Diagnostic services play a vital role in spotting the health problems and informing medical interventions that make the integrity of the test a crucial aspect as the doctor takes the decision based on the reports. Right from the time the blood sample is collected, the pre-test, and till the report reaches, the whole integrity of the system must not be breached as it could result in the whole detection and treatment process getting complicated. So the frequency of testing per person will go biweekly from monthly or quarter yearly.

            
 

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