The Indian healthcare industry is growing briskly by virtue of fortifying coverage, services, and increased expenditure by the private and public sectors. The healthcare market can expand three-fold by 2022. There is a tremendous scope of enhancement in the healthcare sector, backed by rising investment in healthcare as a section of GDP.
The Healthcare industry in India constitutes hospitals, medical devices and equipment, clinical trials, outsourcing, telemedicine, medical tourism, and health insurance. The compelling demand for growth in healthcare is due to the increased commonness of lifestyle diseases and the rising demand for affordable healthcare services. Private sector partnerships through health PPPs are slowly gaining acceptance, thereby promoting access to care. The health insurance sector is also gaining momentum in India. Businesses are looking to probe the latest dynamics and drifts, which will have a positive impact besides the escalating competition.