Now Reading: Lord’s Mark, ARKALL to set up labs in 28 Caribbean nations
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Lord’s Mark, ARKALL to set up labs in 28 Caribbean nations
Lord's Mark Industries and ARKALL Holdings will jointly establish diagnostic laboratories and healthcare facilities across 28 Caribbean countries, the companies announced. The partnership uses a phased expansion model: new laboratories will come…
Lord's Mark Industries and ARKALL Holdings will jointly establish diagnostic laboratories and healthcare facilities across 28 Caribbean countries, the companies announced. The partnership uses a phased expansion model: new laboratories will come online gradually, and markets will be developed as existing ones mature.
No financial terms or timeline for the roll-out were disclosed. The move extends Indian healthcare infrastructure into a region that currently relies heavily on imported diagnostic services.
Indian Opinion Analysis
The Caribbean expansion taps into a region that has long imported most medical diagnostics from the US and Europe. Setting up local labs reduces turnaround time for test results and cuts per-test costs, a gap the Economic Commission for Latin America and the Caribbean has repeatedly noted. India's diagnostic chain model, high volume, low margin, franchise-linked, is well suited for small island populations where a single lab can serve multiple countries. However, many Caribbean nations lack the regulatory harmonisation India enjoys under NABL. The partners will need to secure separate accreditations in each of the 28 jurisdictions, a process that typically takes 12, 18 months per country. The real metric to track is the number of operational labs and their accreditation status by end of 2026.
Source: ndtvprofit.com
This brief was synthesised by AI from the source linked above.
