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Dr Lal Path Labs: Shaken, not stirred: Dr Lal Path Labs, Metropolis, et al. feel the heat of aggressive startups

Synopsis

Heightened competition and disruptive price moves by health-tech startups are posing a serious challenge for legacy diagnostics players like Dr Lal PathLabs, Metropolis Healthcare, SRL Diagnostics, and Vijaya Diagnostic Centre. With consumer behavior changing, competitive intensity rising, and Covid-19 cases ebbing, can legacy diagnostic chains maintain their strong financial performance?

Recently, a seven-year-old health-tech player rattled the decades-old diagnostics industry. The disruptor, Tata 1mg, whose revenue is only about a fifth of industry leader Dr Lal PathLabs, launched deep discounts on diagnostics tests to draw customers to its platform. Tata 1mg is offering some routine tests, including lipid profile, liver function, and thyroid profile for just INR100, probably the lowest price in the industry currently. Another

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