Diagnostic industry may log 55% revenue growth in FY22: Report
The pandemic sharply boosted revenue and operating profit margins of national-level diagnostic firms during first half of the year which may help them log out 2021-22 with around 55 per cent jump in topline growth and around 800 basis points increase in operating margins, says a report.
The report by Icra Ratings also expects the prices of diagnostic tests to stabilise at current levels due to focus on volume growth and higher competitive intensity from unorganized players. Pic: Representational image from Pixabay