Healthcare Industry in India

The Indian hospital industry accounting for 80% of the total healthcare market is expected to touch US$ 132 billion by 2023.

Advantage India

Strong
Demand

* Healthcare market in India is expected to reach US$ 372 billion by 2022, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance.

* As of 2021, the Indian healthcare sector is one of India’s largest employers, as it employs a total of 4.7 million people.

Strong Demand

Attractive
Opportunities

* In the Economic Survey of 2022, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21.

* Two vaccines (Bharat Biotech's Covaxin and Oxford-AstraZeneca’s Covishield manufactured by SII) were instrumental in medically safeguarding the Indian population against COVID-19.

Attractive Opportunities

Rising
Manpower

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

* The number of allopathic doctors with recognised medical qualifications (under the I.M.C Act) registered with state medical councils/national medical council increased to 1.3 million in November 2021, from 0.83 million in 2010.

Rising Manpower

Policy and
government support

* In Union Budget 2022-23, Rs. 86,200.65 crore (US$ 11.28 billion) was allocated to the Ministry of Health and Family Welfare (MoHFW).

* The Indian government is planning to introduce a credit incentive programme worth Rs. 500 billion (US$ 6.8 billion) to boost the country’s healthcare infrastructure.

Policy and Government Support
Last updated: Sep, 2022

Major Healthcare Centers in India

  • Delhi
  • Mumbai
  • Hyderabad
  • Kolkata
  • Chennai
  • Bangalore
  • Ahmedabad
Healthcare Clusters in India

Posters

MORE
OPEN YOUR EYES

OPEN YOUR EYES

With over 2.5 million operations performed and 20 million patients treated in the last 30 years, Aravind Eye Care System is the largest eye care provider in the world.

IBEF Campaigns

MORE
India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nurember...

10th India Trend Fair 2022

10th India Trend Fair 2022

The Tenth Edition of the India Trend Fair, Tokyo, Japan is being organised ...

Case Studies

MORE

SERVICE EXPORTS Moving Up The Value Chain

SERVICE EXPORTS Moving Up The Value Chain

India’s services industry is vast and the country has significant global standing in terms of services produced and exported. The sector contrib...

The Rise of India's Defence Exports

The Rise of India's Defence Exports

The Indian armed forces are one of the most powerful forces in the world comprising three divisions: the Indian Army, Indian Navy and Indian Air Force...

Promoting Indian Textile And Apparel Exports

Promoting Indian Textile And Apparel Exports

The global textile market is estimated to reach US$ 1,412.5 billion by 2028 and would expand at a CAGR of 4.4% from 2021 to 2028. Rapidly changing tre...

IBEF BLOG

MORE
India’s Rising Infrastructure Development
28 Sep 2022

India’s Rising Infrastructure Development

India’s Rising Infrastructure Development The key to India's tra...

The Tea Industry in India
23 Sep 2022

The Tea Industry in India

Overview of the Indian Tea Industry The Indian tea industry dates back to ...

India's Smartphone Exports
23 Sep 2022

India's Smartphone Exports

Introduction Electronics is one of the fastest developing industries glob...

Partners
Loading...