Healthcare
Indian healthcare sector is growing at a 15 per cent CAGR to reach US$ 158.2 billion by 2017.

Indian Healthcare Industry Analysis

Latest update: September, 2016

Strong growth in healthcare expenditure

• Healthcare industry is growing at a tremendous pace owing to its   strengthening coverage, services and increasing expenditure by   public as well private players. 

• During 2008-20, the market is expected to record a CAGR of   16.5 per cent. 

• The total industry size is expected to touch US$ 160 billion by   2017 and US$ 280 billion by 2020. 

• As per the Ministry of Health, development of 50 technologies   has been targeted in the FY16, for the treatment of disease like   Cancer and TB. 

Growth

Rise in per capita healthcare expenditure

• Per capita healthcare expenditure is estimated at a CAGR of 5   per cent during FY 2008–15 to US$ 68.6 billion by 2015.

• This is due to rising incomes, easier access to high-quality   healthcare facilities and greater awareness of personal health   and hygiene.

• Greater penetration of health insurance aided the rise in   healthcare spending, a trend likely to intensify in the coming   decade.

• Economic prosperity is driving the improvement in affordability for   generic drugs in the market.

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Last Updated: September, 2016

The Indian healthcare sector is expected to register a compound annual growth rate (CAGR) of 22.9 per cent during 2015-20 to US$ 280 billion. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. 

The private sector has emerged as a vibrant force in India's healthcare industry, lending it both national and international repute. It accounts for almost 74 per cent of the country’s total healthcare expenditure. Telemedicine is a fast-emerging trend in India; major hospitals (Apollo, AIIMS, Narayana Hrudayalaya) have adopted  telemedicine services and entered into a number of public-private partnerships (PPP).The telemedicine market in India is valued at US$ 7.5 million currently and is expected to grow at a CAGR of 20 per cent to reach US$ 18.7 million by 2017.Further, presence of world-class hospitals and skilled medical professionals has strengthened India’s position as a preferred destination for medical tourism.

The Government of India aims to develop India as a global healthcare hub. It has created the National Health Mission (NHM) for providing effective healthcare to both the urban and rural population. The Government is also providing policy support in the form of reduced excise and customs duty, and exemption in service tax, to support growth in healthcare.

Investment in healthcare infrastructure is set to rise, benefiting both 'hard' (hospitals) and 'soft' (R&D, education) infrastructure. 

Sectoral Presentation (September, 2016)

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