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.
* The healthcare sector is expected to generate 27 lakh jobs in India between 2017-22, over 5 Lakh jobs per year.
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.
* 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.
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.
Policy and
government support
* In the Union Budget 2023-24, the government allocated Rs. 89,155 crore (US$ 10.76 billion) 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.
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 centers, day surgery centers 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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