Increased investments in the healthcare industry and the growing disposable income of consumers are expected to drive the demand for France Diagnostic Labs Market in the forecast period, 2023-2027.
According to TechSci Research report, “France Diagnostic Labs Market By Region, Competition Forecast & Opportunities, 2027”, the France diagnostic labs market is expected to witness steady growth in 2023-2027. The rise in the geriatric population and favorable government policies supporting the healthcare industry is expected to drive the France diagnostic labs market demand. The old-age population holds a major share of the country’s total population, and they are prone to get infected by a number of diseases. They require the services of diagnostic labs to detect the presence of various infectious and non-infectious diseases. France has a robust healthcare system, and it attracts local and international medical tourists. The rise in the number of public and private market players in the market offering diagnostic services at affordable rates is attracting the patients to conduct tests to maintain an individual’s health. Also, the ongoing digitalization trend of the diagnostic labs and the adoption of robotic platforms, automated tools, mobile applications, and data analytics solutions across the value chain of diagnostic laboratories are expected to create lucrative growth opportunities for the France diagnostic labs market in the forecast period.
However, the unclear reimbursement policies and stringent regulatory policies may restrain the France diagnostic labs market growth for the forecast period.
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The France diagnostic labs market is segmented into provider type, test type, end user, regional distribution, and competitive landscape.
Based on provider type, the market is divided into hospital, stand-alone centre and diagnostic chains. The hospital segment is expected to hold the largest market share in the forecast period. France has an excellent healthcare system that offers universal coverage for all of its citizens independent of age or economic capability. It includes the integrated network of public and private services such as hospitals, doctors, and specialist service providers. The residents are provided with mandatory health insurance coverage with optional private insurance coverage for those residents who want additional coverage. France has a large number of public hospitals in comparison with private hospitals and diagnostic labs, due to which patients prefer to visit public healthcare facilities for diagnostic tests and procedures.
Based on test type, the market is divided into radiology v/s pathology. The pathology segment is expected to account for a significant market share in the forecast period. The surge in the number of health-conscious people is positively impacting the market demand as they require regular medical health check-ups. Pathology tests are the initial tests performed to diagnose the presence of diseases and are repeated several times even after detecting the disease.
Based on end user, the market is divided into corporate clients, walk-ins, and referrals. The referrals segment is dominating the market and is expected to maintain its dominance through the next five years. Patients prefer to visit doctors to get initial advice and based on their recommendation; they avail the services of diagnostic labs. The high number of patients visiting the diagnostic labs based on doctor advice contributes to market growth significantly.
Major market players operating in the France diagnostic labs market are:
· Unilabs
· Cerba HealthCare
· PathStore
· Veda Lab
· Synlab Group
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“The government has allocated massive funds for the development of the healthcare industry in France and announced several initiatives and policies to support the growth of the healthcare industry. Healthcare Innovation 2030 is a strategy taken in which around €7 billion investments will be made by leading authorities to promote the healthcare sector. The change in consumers’ preference to avail services from the quality healthcare facility is boosting the market players to advance the existing hospitals and diagnostic chains to capture the highest market share. Also, the entry of private market players whose services are covered to some extent in the public insurance system and the intense competition among the market players is expected to propel the France diagnostic labs market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“France Diagnostic Labs Market By Provider Type (Hospital, Stand-Alone Centre, Diagnostic Chains), By Test Type (Radiology v/s Pathology), By End User (Corporate Clients, Walk-ins, Referrals), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of France diagnostic labs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in France diagnostic labs market.
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