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.
Attractive
Opportunities
* India’s public expenditure on healthcare touched 1.9 % of GDP in FY24, against 1.6% in FY23, as per the Economic Survey 2023-24. 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.
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.
Policy and
government support
* In 2021, the Universal Health Care Bill was introduced in India to provide quality healthcare for all citizens, regardless of socio-economic status. It aims to promote preventive care, integrate primary healthcare into existing government schemes, and establish transparency and accountability in the healthcare system.
* 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.
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise Limited is a healthcare provider. It is engaged in offering healthcare services and operating standalone pharmacies. The company's segments include healthcare, pharmacy, and others. The healthcare segment consists of hospitals, hospital-based pharmacies, and projects and consultancy services. Its tertiary care hospitals provide care in over 50 specialties, including cardiac sciences, oncology, neurosciences, critical care, orthopaedics, radiology, gastroenterology, and transplant. The company also provides project consultancy services, health insurance services, education and training programs, and research services. It also operates birthing centres, day surgery centres and dental clinics.
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Thyrocare Technologies Limited
Thyrocare Technologies Limited is an India-based healthcare service provider. The company operates with a Centralized Processing Laboratory (CPL) in Mumbai, India for esoteric tests and regional processing laboratory in metro cities of India and other parts of Asia. The company offers technologies like Chemiluminescence Immunoassay (CLIA), Enzyme Linked Immunosorbent Assay (ELISA), High Performance Liquid Chromatography (HPLC), Capillary Electrophoresis (CE), Ion Selective Electrode (ISE), Fluorescence Flow Cytometry, Nephelometry, Photometry, Liquid Chromatography Mass Spectrometry (LC-MS), Inductively Coupled Plasma-Mass Spectrometry (ICP-MS) and Cytogenetics. The company offers cancer diagnosis and water testing through its brands, Nueclear and Whaters, respectively. The company tests cover varied age groups from offerings for prenatal screening to screening for hormonal imbalance, nutritional deficiencies and tracking lifestyle disorders.
Read MoreFortis Healthcare Limited
Fortis Healthcare Limited is an integrated healthcare delivery service provider. The company is engaged in establishing, maintaining, operating, running, managing, or administering hospitals, Medicare, healthcare, diagnostic, health aids and research centres. The company operates through the Clinical Establishments Division and the Medical Services Division. The Clinical Establishments Division owns, maintains, and operates clinical establishments (being fully air-conditioned institutions established, and specifically customized and duly fitted with all fixtures, fittings, certain medical equipment, and infrastructure required for running and operating the hospitals), as well as provides services under outpatient division and radio-diagnostic services. The Medical Services Division undertakes the business of running hospital operations, including in-patient services and emergency services. The company operates its healthcare delivery services in India, Dubai, and Sri Lanka.
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