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 2016 is now projected to reach US$ 638 billion by 2025.​

* The healthcare sector, as of 2024, 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 2030 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 touched 2.1 % of GDP in FY23 and 2.2% in FY22, against 1.6% in FY21, as per the Economic Survey 2022-23. The Health Ministry aims to reach 2.5% by FY25.​

* 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 2024, 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.​

*The number of allopathic doctors with recognised medical qualifications (under the I.M.C Act) registered with state medical councils/national medical councils increased to 1.308 million in June 2022, from 0.83 million in 2010.​

Rising Manpower

Policy and
government support

* India's Union Budget 2024-25 emphasizes transforming the healthcare sector through increased digital infrastructure and a revised health expenditure of Rs. 89,287 crores (US$ 10.70 billion), aiming to enhance accessibility and innovation in healthcare services. 

* 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: Oct, 2024

Major Healthcare Centers in India

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

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