@Rafi_Syed am not expert in to diagnosis sector and learner in stock market. However I have good working experience in Healthcare IT and services.
Healthcare service sector (Hospital + Diagnosis etc) is very poor in adoption of technology. You can differenciate the vast adoption of tech on banking, travels, ecommerece etc. however same is not true for healthcare. We just have good infrastructure (Hospital building), IT is just mainly used for accounting purpose. Even leading hospital is not using data like other industries is using.
Ehealth, Telemedicine, Remote care is still concept and not going anywhere even in USA and other developed nations. Main reason is complex nature of sector (Dr need to judge patient and for that he needs to be with patient) and as community Dr’s good earner and don’t want to change status co easily.
Coming to diagnosis sector; it’s highly profitable segment for private hospital which is not accessable for 3rd party diagnosis player. Hence most are in to B to C. Listed big players are slow in taking market share from unorganised player due various reason including high capex. Due to competition patient is king, like earlier I was playing 1500-2000 for vitamin B & D tests, now same can be done in less than 500. Due to less adoption of technology they are not able to give differenciate value addition. As example you book test and say vitamin B is low than you need to consult Dr for medication / treatment etc. Dr has high influence with patient hence if Dr suggest X lab patient just choose the same.
Are these players offering any integration with health apps ? These test results are stored in digital format where all the stake holders (Doctors / Hospitals / Customer themselves ) can view the data ? NO. Results are in PDF.
The culture in many places, Doctor always refers the tests to be undertaken in the lab that he /she prefers, even if you one has latest results they refuse to look into them (most of the times this is the case in small towns ) - Answered.
One way too much competition is good for the end users but what kind of value addition these new / existing players bringing - Nothing much. More reliability of machine etc. but not able to communicate effectively.
For example , for a patient the average blood sugar is X for the past 365 days and the recently it has shot-up - No way.
Just my views…
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