Indian Health Care Industry


Indian Health Care Industry INDIAN HEALTH CARE INDUSTRY AT A GLANCE IN 2013 - 2014 Indian Health Care Industry

India's healthcare Industry is developing rapidly and continues to expand its coverage, services and expenditure across the board. Healthcare providers in India are expected to spend US$ 1.08 billion on IT products and services in 2014, a four per cent increase over 2013, according to Gartner. It is expected to reach US$ 276 million in 2014, up from US$ 266 million in 2013 - with the consulting segment growing by 8 per cent.

The domestic health care sector is poised to touch US$ 100 billion by 2015 and US$ 275.6 billion by 2020, according to industry estimates. In 2013, healthcare and life sciences emerged as the second favourite destination for venture capital after technology, attracting 27 investments worth US$ 181 million, according to a research report.

Indian Health Industry in 2013-2014
The hospital and diagnostics centre in India received foreign direct investment (FDI) worth US$ 2,191.91 million, while drugs & pharmaceutical and medical & surgical appliances industry registered FDI worth US$ 11,583.69 million and US$ 741.80 million, respectively during April 2000 to December 2013, according to data provided by Department of Industrial Policy and Promotion (DIPP). Medical tourism also referred as medical travel, health tourism or global healthcare is growing at a rapid phase in India in the recent years thanks to globalization. Many multi-specialty hospitals, ayurvedic centres, holistic medicine centres and health spas have sprung up along the length and breadth of India in recent years taking the Indian healthcare industry to newer heights.

Majority of foreign tourists came to Indian shores seeking liver transplant, heart surgeries like bypass or pacemaker, bone marrow transplant, hip replacement, knee replacement, eye surgeries, etc. Indian expertise in conducting these surgeries with most advanced technology is at par or sometimes even beyond comparison with its American or European counterparts. Medical tourists visiting India are anticipated to touch 3,200,000 by 2015 and medical tourism is expected to grow at an annual rate of 30 per cent till 2015. India's decision to offer visa-on-arrival to citizens of 180 countries will be a boom for the medical tourism industry in the country. Health tourism is gaining momentum in India. The health tourism industry in India could become a US$ 5 billion business by 2015, as per a McKinsey study. The Government of India has allocated Rs 67,398 crore (US$ 11.05 billion) to the Ministry of Human Resource Development (HRD) and Rs 33,725 crore (US$ 5.53 billion) to the Ministry of Health and Family Welfare under the Union Budget 2014-15.

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2012 - 2013

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2011 - 2012

Indian Health Care Industry  Indian Medical Association

Indian Health Care Industry  Association of Indian Manufacturers of Medical Devices

Indian Health Care Industry  Voluntary Health Association of India (VHAI)

Indian Health Care Industry  Health Economics Association of India

Indian Industry  back to health INDUSTRies