{"id":49223,"date":"2022-10-05T23:01:56","date_gmt":"2022-10-05T21:01:56","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/indonesia-diagnostic-labs-market-report-2022-growing-healthcare-expenditure-fueling-sector-growth-researchandmarkets-com\/"},"modified":"2022-10-05T23:01:56","modified_gmt":"2022-10-05T21:01:56","slug":"indonesia-diagnostic-labs-market-report-2022-growing-healthcare-expenditure-fueling-sector-growth-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/indonesia-diagnostic-labs-market-report-2022-growing-healthcare-expenditure-fueling-sector-growth-researchandmarkets-com\/","title":{"rendered":"Indonesia Diagnostic Labs Market Report 2022: Growing Healthcare Expenditure Fueling Sector Growth – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Indonesia Diagnostic Labs Market, By Provider Type (Hospital Based Diagnostic Labs, Diagnostic Chains, Stand Alone Diagnostic Labs), By Test Type (Pathology v\/s Radiology), By End User, By Region, Competition, Forecast & Opportunities, 2017-2027F”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nIndonesia diagnostic labs market stood at USD 1,997.95 Million in 2021 and is expected to reach a CAGR of 7.84% during the forecast period. This can be attributed to the growing prevalence of various communicable and non-communicable diseases in the country. Additionally, the growing geriatric population is susceptible to various diseases and requires regular diagnostic checkups for disease diagnosis and treatment, increasing the demand for diagnostic labs. Besides, growing healthcare awareness among the population related to preventive healthcare and early disease diagnosis and treatment is further expected to create lucrative opportunities for market growth.\n<\/p>\n

\nGrowing Prevalence of Diseases<\/strong>\n<\/p>\n

\nBacterial, parasitic, and viral gastroenteritis, typhoid fever, and viral hepatitis, among others, are some of Indonesia’s most observed diseases requiring accurate diagnosis and treatment. Similarly, the country’s prevalence of chronic diseases such as cancer, diabetes, cardiovascular diseases, among others, has significantly increased in recent years. According to Global Cancer Observatory, in 2020, Indonesia reported 396,914 new cancer cases, with breast cancer, cervix uteri, lung cancer, colorectum, and liver cancer being the most prevalent. This has significantly increased the demand for disease diagnosis to provide effective and timely treatment, thereby fueling the growth of diagnostic labs in the country.\n<\/p>\n

\nGrowing Healthcare Expenditure<\/strong>\n<\/p>\n

\nThe improving healthcare infrastructure across Indonesia will increase the number of hospital establishments and diagnostic laboratories across the country. Additionally, the Indonesian government continuously invests in upgrading the existing hospitals’ infrastructure. Also, the healthcare expenditure in Indonesia is constantly increasing. It was about 2.9% of the country’s GDP in 2019, which is expected to increase in the coming years. This, in turn, will create new opportunities for hospital-based diagnostic labs.\n<\/p>\n

\nGrowing Geriatric Population<\/strong>\n<\/p>\n

\nIn Indonesia, 9.6% of the country’s total population was 60 and above in 2019. The increase in the elderly population has further increased the demand for the diagnosis of diseases and disorders. The elderly population is highly susceptible to diseases requiring several diagnostic tests to diagnose the disease condition and provide accurate treatment. This, in turn, is expected to create lucrative opportunities for the growth of the Indonesia diagnostic labs market during the forecast period. Taking the advantage of prevailing geriatric population and the diseases related to them, companies have introduced multiple services in terms of many packages as per the customers’ suitability and requirements.\n<\/p>\n

\nMarket Segmentation<\/strong>\n<\/p>\n

\nIndonesia Diagnostic Labs Market, By Provider Type:<\/strong>\n<\/p>\n