Healthcare Industry in India

India's hospital market was valued at US$ 98.98 billion in 2023, projected to grow at a CAGR of 8.0% from 2024 to 2032, reaching an estimated value of US$ 193.59 billion by 2032.

Advantage India

Strong
Demand

* The Indian healthcare market, which was valued at US$ 110 billion in FY16 is now projected to reach US$ 638 billion by FY25.​

* The healthcare sector, as of FY24, is one of India’s largest employers, employing a total of 7.5 million people.​

* The demand for Indian healthcare professionals is expected to double nationally and globally by FY30 due to a shortage of healthcare workers in India, where there are only 1.7 nurses per 1,000 people and a doctor-to-patient ratio of 1:1,500 nationwide. ​

Strong Demand

Attractive
Opportunities

* India’s public expenditure on healthcare is expected to be 1.9 % of GDP in FY26, compared to 2.5% in FY25, as per the Economic Survey 2024-25.​

* The Indian healthcare sector is witnessing unprecedented growth, with private equity and venture capital investments surpassing US$ 1 billion in the first five months of FY24, marking a 220% increase from the previous year.​

Attractive Opportunities

Rising
Manpower

* Availability of a large pool of well-trained medical professionals in the country.​​

* India's healthcare workforce has already exceeded 6 million as of CY24. However, this represents only the beginning, as the sector is anticipated to experience substantial growth, with over 6.3 million additional jobs expected by CY30.​

Rising Manpower

Policy and
government support

* The government has allocated Rs. 99,858 crore (US$ 11.50 billion) to the healthcare sector in the Union Budget 2025-26 for the development, maintenance, and enhancement of the country's healthcare system. This reflects a 9.78% increase from the previous allocation of Rs. 90,958 crore (US$ 10.47 billion) in FY25.​

* The Indian government is planning to introduce a credit incentive programme worth Rs. 50,000 crore (US$ 6.8 billion) to boost the country’s healthcare infrastructure.​

Policy and Government Support
Last updated: Apr, 2025

Major Healthcare Centers in India

  • Delhi
  • Mumbai
  • Hyderabad
  • Kolkata
  • Chennai
  • Bengaluru
  • Ahmedabad
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