Trade Analytics
Healthcare
Pradhan Mantri Jan Arogya Yojana (PM-JAY) will cover around 500 million beneficiaries across the country.

Indian Healthcare Industry Analysis

Latest update: December, 2019

Growth

 

Last Updated: December, 2019

The Indian healthcare sector is expected to reach Rs 19,56,920 crore (US$ 280 billion) by 2020. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. Health insurance is gaining momentum in India. Gross direct premium income underwritten by health insurance grew 17.16 per cent y-o-y to Rs 32,683.55 crore (US$ 4.68 billion) in FY20 (up to November 2019).

According to Sample Registration System Bulletin-2016, India has registered a 26.9 per cent reduction in Maternal Mortality Ratio (MMR) since 2013. The sector is expected to generate 40 million jobs in India by 2030. 100,000 jobs are expected to be created from Ayushman Bharat, the National Health Protection Scheme. As of December 2019, number of sub centres reached 168,946 and number of primary health centres (PHCs) increased to 33,929.

The hospital industry in India stood at Rs 4 lakh crore (US$ 61.79 billion) in FY17 and is expected to reach Rs 8,60,000 crore (US$ 132.84 billion) by FY22.

The private sector has emerged as a vibrant force in India's healthcare industry, lending it both national and international repute. It accounts for almost 74 per cent of the country’s total healthcare expenditure. Telemedicine is a fast-emerging trend in India; major hospitals (Apollo, AIIMS, and Narayana Hrudayalaya) have adopted telemedicine services and entered into several public-private partnerships (PPP). Further, presence of world-class hospitals and skilled medical professionals has strengthened India’s position as a preferred destination for medical tourism. 

Indian medical tourism market is growing at the rate of 18 per cent year on year and is expected to reach US$ 9 billion by 2020. The value of merger and acquisition (M&A) deals in hospital sector jumped by record 155 percent at Rs 7,615 crore (US$ 1.09 billion) in FY19.

The Government of India approved the continuation of National Health Mission with a budget of Rs 31,745 crore (US$ 4.40 billion) under the Union Budget 2019-20. National Nutrition Mission is aimed to reduce the level of stunting by 2 per cent, 2 per cent under-nutrition, 3 per cent anaemia and low birth babies by 2 per cent ever year. The Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana (PMJAY), the largest government funded healthcare program targeting more than 500 million beneficiaries, was allocated Rs 6,400 core (US$ 887.04 million), under the Union Budget 2019-20 and as of November 2019, about 63.7 lakh people have received free treatment under the Ayushman Bharat - Pradhan Mantri Jan Arogya Yojana.

The government has announced Rs 62,659.12 crore (US$ 8.97 billion) outlay for the health sector in FY20.Under the Rashtriya Swasthya Bima Yojna (RSBY), Government of India released budget estimate Rs 2,000 crore (US$ 286.16 million) in FY18-19, compared to the amount of Rs 436.66 crore (US$ 66.71 million) which was released in FY16-17. Intensified Mission Indradhanush (IMI) 2.0 was launched by Ministry of Health and Family Welfare from December 2019 to March 2020.

 The Government of India is planning to increase public health spending to 2.5 per cent of the country's GDP by 2025. The health share of Gross Domestic Product (GDP) is expected to rise 19.7 per cent by 2027.

Indian Healthcare Industry Report (December, 2019)
Download PDF Download PDF  (Size: 565.33 KB )

Click to access the Healthcare Industry Archived Report

Healthcare India

Healthcare Clusters
Healthcare Clusters in India

Posters

Brand India Pharma

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 provid...

+ More >

Brand India Pharma

IBEF Publications

IBEF Publication

Agri Export Policy - Towards smoother trade, wider global presence

English

+ More Publications >

IBEF Publication

IBEF Blog - INDIA ADDA – PERSPECTIVES ON INDIA More

author_logo-ibef1.jpg Digital India: Power To Empower
IBEF, Knowledge Centre

The global economy is presently going through the fourth Industrial Revolution, also known as the Digital Revolution. This revolution is changing not only the way we inte...

author_logo-ibef1.jpg India's leapfrog strategy from BS-IV to BS-VI
IBEF, Knowledge Centre

The Ministry of Road Transport and Highways (MoRTH) issued a draft notification of Bharat Stage (BS) VI emission standards in 2016 for all major on-road vehicle categorie...

author_logo-ibef1.jpg Television Industry in India
IBEF, Knowledge Centre

Television was first introduced in India on September 15, 1959 with the help of UNESCO. Since then the television industry has witnessed transformation with advancement i...

author_logo-ibef1.jpg Indian Tourism Industry: An Insight
IBEF, Knowledge Centre

During the celebration of 73rd Independence Day, Prime Minister Mr Narendra Modi addressed the nation from the Red Fort and underlined that India ‘has mu...

author_alok_kirloskar1.jpg From smart water pumps to drones: Technology is changing Indian farms!
Alok Kirloskar, Executive Director, Kirloskar Brothers Limited

Disruptive technologies and innovations in application engineering are fast changing farming practices in India. From preparing the land to sowing, to reaping and mentori...

author_logo-ibef1.jpg Mobile Phone Manufacturing in India: Towards A Brighter Future!
IBEF, Knowledge Centre

India is the world’s second largest mobile phone manufacturer after China. And with the current pace of growth, India is not far from becoming the leading handset m...

ideas More

Ideas

Zomato: Top Of The Food Chain
Zomato, an Indian start-up is in the business of online food ordering. It initially launched Foodiebay.com in Gurugram in 2008, a website that scanned menus and provided ratings and recommendations on....

JOIN IBEF.org

Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.

Error

Already a member?
Login / Retrieve Password