Healthcare
Ayushman Bharat is the largest government funded healthcare programme in the world.

Indian Healthcare Industry Analysis

Latest update: October, 2018

Growth

 

Last Updated: October, 2018

The Indian healthcare sector is expected to reach 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. 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 October 16, 2018, number of Primary Health Centres (PHCs) increased to 33,047and number of sub centres reached 167,880.

The hospital industry in India stood at Rs 4 trillion (US$ 61.79 billion) in FY17 and is expected to reach Rs 8.6 trillion (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 NarayanaHrudayalaya) have adopted telemedicine services and entered into a number of 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. 

The Government of India aims to develop India as a global healthcare hub. It has created the Intensified Mission Indradhanush (IMI) for improving coverage of immunisation in the country and reach every child under two years of age and all the pregnant women who have not been part of the routine immunisation programme. In March 2018, Union Cabinet approved budget support of Rs 85,271 crore (US$ 13.16 billion) for the period of April 2017- March 2020 under the National Health Mission to encourage medical infrastructure in India. In August 2018, the Ministry of Health and Family Welfare set up National Resource Centre for EHR Standards (NRCeS) to facilitate adaptation of notified EHR standards, at an estimated cost of Rs 23.59 crore (US$ 3.52 million).

Indian Healthcare Industry Report (October, 2018)
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Indian Healthcare Industry Report (September, 2018)
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