Ahmedabad-based Torrent Group has entered India’s diagnostics market with the launch of Torrent Diagnostics and a 100,000 sq ft national reference laboratory in Navi Mumbai. This move signals a long-term strategy focused on advanced medical testing.
Expanding Diagnostic Capabilities
The latest laboratory will support more than 3,500 tests across 15 diagnostic disciplines, including molecular diagnostics, genomics, and transplant-related testing. It features advanced technology such as next-generation sequencing, MALDI-TOF systems, and a transmission electron microscope.
Torrent Diagnostics aims to serve hospitals, clinicians, and smaller laboratories by providing outsourced complex testing services. Demand for these services is increasing as healthcare providers prioritize precision diagnostics and faster results.
A Long-Term Investment
Varun Mehta, director at Torrent Group, stated the company views diagnostics as a long-term healthcare business built on scientific rigor and consistent quality. The reference-led structure is intended to allow for growth while maintaining high standards.
The company plans to supplement its laboratory capabilities with patient-facing services, including collection centers, digital interfaces, and simplified reporting.
Torrent’s entry into diagnostics represents a strategic expansion of its healthcare presence, building on its existing businesses in pharmaceuticals, power, and gas. The Rs 55,000-crore Indian diagnostics sector is currently dominated by unorganized players, but analysts predict the share of organized players will increase to 25 per cent within three to five years.
Frequently Asked Questions
What types of tests will Torrent Diagnostics offer?
The laboratory will offer more than 3,500 tests across 15 diagnostic disciplines, including molecular diagnostics, genomics, transplant-related testing, and infectious disease workflows.
What is a reference laboratory?
A reference laboratory serves hospitals, clinicians, and smaller laboratories by providing complex testing services that they may not have the capacity or resources to perform in-house.
Is the diagnostics sector growing in India?
Analysts feel the diagnostics sector has a fast growth profile (double digit) and a high return on capital employed (over 50 per cent), attracting new entrants.
As healthcare providers increasingly focus on precision diagnostics and faster turnaround times, will centralized reference labs develop into the standard for complex medical testing?
