Further, huge private sector investments will significantly contribute to the development of hospital industry, comprising around 80 per cent of the total market.
"India is the first country to have a large number of multinational healthcare providers. There are seven-eight very active MNCs. India witnessedhe largest number of mergers and acquisitions (M&A) in the pharmaceutical and healthcare sector.
The hospital services market represents one of the most lucrative segments of the Indian healthcare industry. On the back of continuously rising demand, the hospital services industry is expected to be worth US$ 81.2 billion by 2015.
The hospital & diagnostic centre in India has attracted foreign direct investment (FDI) worth US$ 1.34 billion, while drugs & pharmaceutical and medical & surgical appliances industry registered FDI worth US$ 9.19 billion & US$ 521.45 million, respectively during April 2000 to March 2012, according to the data provided by Department of Industrial Policy & Promotion (DIPP).