Tata 1mg has started a pilot project of testing in Bangalore and is currently undergoing medical tests for thyroid, liver function, lipid profile, diabetes. With this move of Tata, challenges have arisen in front of the already running large testing lab in the country.
To the common man facing all-round inflation Bye ,Tata) has given great relief. Tata’s online pharmacy company OneMG (1mgThe reason for this is to provide medical tests at affordable rates. Through this you can book online test at very low cost. Generally, tests which cost Rs 500 to 600 in the market, 1mg is providing them for Rs 100. This will help in reducing the burden on the pocket of the common man. The objective of the company is to capture a large share in the online pharmacy market. If the company sticks to its test strategy, then it is expected to get good success in the field of online pharmacy.
Amidst this affordable offer of 1mg, the shares of major diagnostic companies fell on Monday. Shares of Thyrocare Technologies fell more than 6 percent. At the same time, the share of Dr. Lal Path Labs (Dr. Lal PathLabs) fell by 2.4 per cent and that of Metropolis Healthcare by 4.03 per cent till 1 pm.
Fast growing e-pharmacy market
In the last few years, the e-pharmacy market in the country has been booming. According to Research and Markets.com (researchandmarkets.com), the value of the e-pharmacy market in 2020 was Rs 50.71 billion. It is estimated to increase to Rs 458 billion in the year 2026. During the year 2021 to 2026, it is expected to grow at the rate of about 45 percent. Medlife has a high share in the e-pharmacy market. Apart from this, big companies like PharmEasy, 1mg, Netmeds and HealthKart are also in the fray. This move of Tata will benefit the common people because more money is spent on its tests than on the treatment of the disease. More than the patient, his family members are worried about the test.
Tata 1mg has started a pilot project of testing in Bangalore and is currently undergoing medical tests for thyroid, liver function, lipid profile, diabetes. With this move of Tata, challenges have arisen in front of the already running large testing lab in the country. This Tata company is doing lipid profile test in Bangalore for Rs 100. Large testing labs charge 600 to 960 rupees for this test. With this initiative of Tata, people are expected to get the facility of medical tests at affordable rates. You can book the test by visiting Tata 1mg’s website or its app. Information about the rate of the test will also be available on the app or website.