Indian Healthcare - Market size, Investments, Govt.Of India Initiatives and Challenges

If there has been a cheerful sector, impulsive employment sources and revenue genesis for India, it is healthcare sector and there is no doubt in it! With a high demand for healthcare services in India, rising the need for innovative healthcare, medical care facilities, medical tourism and state governments, Government of India concentrating for medical care evolutions, the overall sector has been repelling the job market, at the same time as others have recede and progressed freely. This week updates describe Indian healthcare – Market size, investments, Government Initiatives and challenges.

Market Size:

The overall Indian healthcare market is worth around US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a Compound Annual Growth Rate (CAGR) of 22.9 %. Healthcare delivery, which includes: Hospitals, Nursing homes, Diagnostics centers and pharmaceuticals, constitutes 65 % of the overall market. The Healthcare Information Technology (Health IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020.

Deloitte Touche Tohmatsu India has predicted that with increased digital adoption, the Indian healthcare market, which is worth around US$ 100 billion, will likely grow at a CAGR of 23 % to US$ 280 billion by 2020.

Over 80 % of the antiretroviral drugs used globally to combat AIDS (Acquired Immuno Deficiency Syndrome) are supplied by Indian pharmaceutical firms.

There is a significant scope for raising medical care services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) is rising. Rural India, which accounts for over 70 % of the population, is set to emerge as a potential demand source.

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