Diagnostic labs, which began increasing prices since last year after a long halt due to competition from online players, have seen improvement in margins as a result.
Leading diagnostic labs have raised prices by 3-6 per cent.
Still, competition from online diagnostic platforms continues to constrain labs from increasing average selling prices (ASPs), restricting them from fully transferring the impact of the rising cost, say industry insiders.
Metropolis Healthcare increased prices 5-6 per cent early this year, following a similar step by Dr Lal PathLabs in February last year.
The companies are adjusting prices not just to offset inflation but to maintain their service quality and counter the rising input cost of equipment and reagents, and operational expenses.
Bu hikaye Business Standard dergisinin September 24, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin September 24, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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