Snapshot

Working towards building a healthier India!

India's Healthcare market may see a threefold jump in value terms to $ 372 bn by 2022. The Healthcare industry in India stood as the 4th largest employer in 2017 as the sector employed a total of 319,780 people.

Key components of the healthcare market in India are hospitals (Government and Private), pharmaceuticals, diagnostics (imaging and pathology), medical equipment and supplies, medical insurance and tele-medicine.

Growing incidence of lifestyle diseases, rising demand for affordable healthcare delivery systems due to increasing healthcare costs, technological advancements, the emergence of telemedicine, rapid health insurance penetration and government initiatives like e-health together with tax benefits and incentives are driving healthcare market in India.

  • By 2020, India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth
  • By 2020, the Healthcare Information Technology market is expected to grow 1.5 times from $ 1 bn currently
  • By 2022, the diagnostic market is expected to grow at a CAGR of 20.4% to reach $ 32 bn from $ 5 bn in 2012
  • Over 2015-20, the In-Patient market is expected to grow at a CAGR of 13%

100% FDI is allowed under the automatic route for greenfield projects. For brownfield project investments, up to 100% FDI is permitted under the government route.

for more details refer to FDI Policy 2017

  • 55 bn

    industry size (2017)

  • 6%

    Organised market contribution

  • 40%

    Share in hospital beds (Pvt.)

  • 22.9%

    Industry CAGR (2015-20)

A

‘NHP Scheme’ - World's largest government-funded healthcare programme

B

India plans to create 1 mn skilled healthcare providers by 2022

C

Healthcare has become one of India's largest sectors both in terms of revenue & employment

Industry Scenario

The industry is expected to reach $ 372 Bn by 2022

Healthcare industry in India comprises Hospitals, Medical devices, Clinical trials, Outsourcing, Telemedicine, Medical tourism, Health insurance and Medical equipment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players.

  • The Hospital industry in India that accounts for 80% of the total healthcare market, is witnessing huge investor demand from both global as well as domestic investors. The hospital industry is expected to reach $ 132 bn by 2023 from $ 61.8 bn in 2017; growing at a CAGR of 16-17%.
  • The Medical tourism industry in India is expected to double itself to become a $ 6 bn industry by 2018 from $ 3 bn in 2017. Medical tourist arrivals in India increased by over 50% to 200,000 in 2016 from 130,000 in 2015.
  • The Diagnostics industry in India is currently valued at $ 4 bn. The share of organized sector is almost 25% in this segment (15% in labs and 10% in radiology).
  • The Primary care industry is currently valued at $ 13 bn. The share of organized sector is practically negligible in this case.

Growth Drivers

  • Infrastructure

    $ 200 bn is expected to be spent on medical infrastructure by 2024

  • Demographics

    Home-based care services to gain popularity as average life expectancy will cross 70 years by 2022

  • Medical tourism

    Visas for international patients and attendants introduced to ease medical tourism

  • Rising disposable income

    Growing middle class and increased insurance penetration would lead to a steep rise in annual earnings of Indians

  • Health & wellness centre

    150,000 centers with a budget of $ 1.8 bn will make the healthcare system more accessible

  • Robotic Process Automation (RPA)

    RPA to improve the efficiency of healthcare workforce; reducing costs and creating value proposition

  • Open

    Ayushman Bharat- National Health Protect…

    Aims at making path breaking interventions to address health…

  • Open

    Central Sector Scheme for Conservation,…

    To tackle the whole range of issues impacting the sustained…

  • Open

    Central Sector Scheme for promotion of I…

    Creation of awareness about the efficacy of the AYUSH System…

  • Open

    National AYUSH Mission

    To provide cost-effective AYUSH services.

  • Open

    National Health Policy 2017

    To deliver quality health care services to all at affordable…

  • Open

    National Health Portal of India

    A national portal dedicated towards health literacy.

  • Open

    Rashtriya Arogya Nidhi (RAN)

    To provide financial assistance to patients living below pov…

  • Open

    Scheme for Development of AYUSH Clusters…

    To fill in the critical gaps in Ayurveda, Yoga and Naturopat…

Major Investors

Data on Map

FAQ

Frequently
Asked Questions

  • What are the different options for availing CGHS services to pensioners?

    Pensioners Residing in CGHS covered areas:
    a) They can get themselves registered in CGHS dispensary after making requisite contribution and can avail both OPD and IPD facilities.
    b) Such Pensioners are not eligible for Fixed Medical Allowance in lieu of CGHS.
    Pensioners residing in non-CGHS areas:
    i) They can opt for availing Fixed Medical Allowance (FMA) at $ 15.38 per month by not paying any contribution.
    ii) They can also avail benefits of CGHS (OPD and IPD) by registering themselves in the nearest CGHS city after making the required subscription. In such cases no Fixed Medical Allowance is given.
    iii) They also have the option to availing FMA for OPD treatment and CGHS only for IPD treatments after making the required subscriptions as per CGHS guidelines. 
     

  • What do you mean by Family Floater Policy?

    Family Floater is one single policy that takes care of the hospitalization expenses of your entire family. The policy has one single sum insured, which can be utilised by any/all insured persons in any proportion or amount subject to maximum of overall limit of the policy sum insured. Quite often Family floater plans are better than buying separate individual policies. Family Floater plans takes care of all the medical expenses during sudden illness, surgeries and accidents.

  • What is CGHS?

    For the last six decades Central Government Health Scheme is providing comprehensive medical care to the Central Government employees and pensioners enrolled under the scheme. In fact CGHS caters to the healthcare needs of eligible beneficiaries covering all four pillars of democratic set up in India namely Legislature, Judiciary, Executive and Press. CGHS is the model Health care facility provider for Central Government employees & Pensioners and is unique of its kind due to the large volume of beneficiary base, and open ended generous approach of providing health care.
    CGHS provides health care through following systems of Medicine: 
    1) Allopathic
    2) Homoeopathic
    3) Indian system of medicine
    4) Ayurveda
    5) Unani
    5) Siddha 
    6) Yoga

  • Who are entitled for CGHS facilities?

    The entitled parties include:
    1) All Central Govt. employees and their dependant family members residing in CGHS covered areas.
    2) Central Govt Pensioners and their eligible family members getting pension from Central Civil Estimates
    3) Sitting and Ex-Members of Parliament.
    4) Ex-Governors & Lieutenant Governors.
    5) Freedom Fighters.
    6) Ex-Vice Presidents.
    7) Sitting and Ex-Judges of Supreme Court & High Courts.
    8) Employees and pensioners of certain autonomous organizations in Delhi.
    9) Journalists (in Delhi) accredited with PIB (for OPD & at RML Hospital).
    10) Delhi Police Personnel in Delhi only.
    11) Railway Board employees.
    12) Post and Telegraph Depatt. Employees.
     

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