|
|
- Indian healthcare is a US$ 35 billion industry, expected to reach US$ 75 billion by 2012 and US$ 150 billion by 2017
- The healthcare market will maintain a steady growth rate of 10-12% over the next few years
- With an average household consumption expected to increase by more than 7% per annum, the annual healthcare expenditure is projected to grow at 10%
- Medical infrastructure forms the largest portion of the healthcare pie. Beds in excess of 1 million need to be added to reach a ratio of 1.85 per thousand at an investment of US$ 77.9 billion
- The medical equipment industry is around US$ 2.17 billion and growing at 15 per cent per year. It is estimated to reach US$ 4.97 billion by 2012
- Clinical trials have the potential to become a US$ 1 billion industry by 2010 and the health services outsourcing sector has the potential to grow to US$ 7.4 billion by 2012, from US$ 3.7 billion in 2006
- The government’s recent liberalization of the sector - easing restrictions on lending and foreign investment in health care, encouraging public-private partnerships and offering tax breaks for health investments in smaller cities and rural areas – has encouraged players to invest in the sector
- Private Equity funds are expected to invest at least US$ 1 billion in the healthcare sector in the next five years
- The government, along with participation from the private sector, is planning to invest US$ 1 billion to US$ 2 billion in an effort to make India one of the top five global pharmaceutical innovation hubs by 2020
- With only 10% of the Indian population covered by health insurance, the sector has huge growth potential and is projected to reach US$ 5.75 billion by 20
- Medical tourism in India could be a US$ 2 billion industry by 2012, growing at 25-30% annually. In 2007, India treated 450,000 foreign patients and ranked 2nd in medical tourism globally
|
