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Table of Content
Executive Summary.……..….3
Advantage India…..….……...4
Market Overview and Trends….......6
Notable Strategies and Trends Adopted...11
Growth Drivers..........15
Opportunities…….…….…..27
Key Industry Organisations..……......…….30
Useful information.…32
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EXECUTIVE SUMMARY
Source: Business Standard, Ministry of External Affairs, Ministry of External Affairs (Investment and Technology Promotion Division), ASSOCHAM-RNCOS joint paper, Lancet study
India is expected to rank amongst the top three healthcare markets in terms of incremental growth by 2020.
In FY17, Indian healthcare sector stood as the fourth largest employer as the sector employed a total of
319,780 people. The sector is expected to generate 40 million jobs in India by 2020.
In May 2017, the Asian Research and Training Institute for Skill Transfer (ARTIST) announced plans to
create around one million skilled healthcare providers by 2022.
100,000 jobs are expected to be created from Ayushman Bharat, the National Health Protection Scheme.
Fourth Largest Employer
Indian healthcare sector, is expected to record a threefold rise, at a CAGR of 22 per cent during 2016-2022
to reach US$ 372 billion in 2022 from US$ 110 billion in 2016.
India ranks 145th among 195 countries in terms of quality and accessibility of healthcare. There is immense
scope for enhancing healthcare services penetration in India, thus presenting ample opportunity for
development of the healthcare industry.
Impressive Growth
Prospects
Rising income levels, ageing population, growing health awareness and changing attitude towards preventive
healthcare is expected to boost healthcare services demand in future.
The low cost of medical services has resulted in a rise in the country’s medical tourism, attracting patients
from across the world. Moreover, India has emerged as a hub for R&D activities for international players due
to its relatively low cost of clinical research.
Strong Fundamentals and
Cost Advantage
Conducive policies for encouraging FDI, tax benefits, favourable government policies coupled with promising
growth prospects have helped the industry attract private equity, venture capitals and foreign players.
Favourable Investment
Environment
HEALTHCARE
ADVANTAGE INDIA。