Indian Health Care Industry










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Indian Health Care Industry INDIAN HEALTH INDUSTRY AT A GLANCE IN 2019 - 2020 Indian Health Care Industry



Indian medical tourism market is growing at the rate of 18 per cent year on year and is expected to reach US$ 9 billion by 2020. There is a significant scope for enhancing healthcare services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) is rising. The government’s expenditure on the health sector has grown in recent years.

Health insurance is gaining momentum in India. Gross direct premium income underwritten by health insurance grew at 14.70 per cent y-o-y to Rs 42,328.18 crore (US$ 6.06 billion) in FY20 (up to January 2020). The Government of India is planning to increase public health spending to 2.5 per cent of the country's GDP by 2025. The healthcare market can increase three-fold to Rs 8.6 trillion (US$ 133.44 billion) by 2022.


2019-2020 Indian  Healthcare Industry

Investment

The hospital and diagnostic centers attracted Foreign Direct Investment (FDI) worth US$ 6.625 billion between April 2000 and December 2019, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

Forecast for the Industry

The Government of India aims to increase healthcare spending to three percent of the Gross Domestic Product (GDP) by 2022. India’s healthcare industry is one of the fastest growing sectors and it is expected to reach $280 billion by 2020.

The hospital industry in India is forecasted to increase to Rs 8.6 trillion (US$ 132.84 billion) by FY22 from Rs 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16-17 per cent.

The Government of India is planning to increase public health spending to 2.5 per cent of the country's GDP by 2025.



Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2018 - 2019

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2017 - 2018

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2016 - 2017

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2015 - 2016

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2014 - 2015

Indian Health Care Industry  INDIAN health Industry AT A Glance IN 2013 - 2014

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