Learn Where Healthcare, India Market Now & Beyond
Be the first to knock the door showing potential that Healthcare Market in India 2020 market is holding in it. Uncover the Gaps and Opportunities to derive most relevant insights from our research document to gain market size.
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In terms of revenue and employment generation, healthcare has been one of the biggest industries in India. Kerala is one of the states in India that offers outstanding healthcare facilities.
The healthcare market in India was valued at INR 14.32 Tn in 2019 and is expected to expand at a compound annual growth rate (CAGR) of ~34.04% during the 2020-2025 period, to reach INR 65.51 Tn by 2025. The growth of the market can be attributed to the surge in demand for home healthcare devices, digital healthcare solutions and pharmaceutical products. Rise in the prevalence of chronic diseases, growing investments from public and private investors, and the emergence of advanced technologies like telehealth and telemedicine solutions are some of the major factors propelling the growth of the Indian healthcare market. Relaxation of FDI and increased government expenditure are some of the key factors to drive the healthcare market during the 2016-2020 period. However, inadequate healthcare infrastructure in India and low penetration of health insurance are impeding market growth.
The healthcare market in India is segmented into outpatient care centers, hospitals, pharmaceuticals, medical equipment and supplies, diagnostic services, digital healthcare, research and development, medical insurance and medical tourism. As of 2019, the healthcare market was dominated by the hospitals segment, which accounted for about 38.50% of the total market revenue. By 2025, the market share of the hospitals segment is expected to decline by ~10.55% to hold around 27.95% of the overall healthcare market revenue. During the 2020-2025 period, the digital healthcare segment is anticipated to become the fastest growing segment in the market as a result of the self-isolation norms imposed to restrain the spread of COVID-19 and the cost-benefit obtained from using digital healthcare solutions. Other segments of the market which are expected to witness high growth rate during the forecast period are the pharmaceuticals, and medical equipment and supplies segments.
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COVID-19 impact analysis:
The outbreak of the contagion, followed by a long-term nationwide lockdown has had a severe impact on the overall healthcare market in India. The market segments that are likely to be positively impacted during the pandemic and the period thereafter are the digital healthcare segment, pharmaceuticals, medical equipment and supplies segment. The medical research and development (R&D) segment and the medical insurance segments are expected to experience a relatively short-term benefit during this crisis period. The medical R&D segment and the insurance segment are some of the least prioritized segments of the Indian healthcare industry and hence, the impact of COVID-19 on these segments are expected plunge with the diminishing effect of the pandemic. Other healthcare segments such as hospitals, medical tourism, and outpatient care centers are witnessing severe downfall in their markets due to the risk of virus transmission from social gatherings and the imposition of the social distancing norms.
Important Features that are under offering & key highlights of the Healthcare Market in 2020 market report:
1) What are the companies profiled in basic version of report? Is it possible to customize list
Players that are currently profiled in the the study are "Apollo Hospitals Enterprise Limited, Aster DM Healthcare Limited, Cipla Limited, Dr. Lal PathLabs Limited, Fortis Healthcare Limited, Healthcare Global Enterprises Limited, Narayana Hrudayalaya Limited, Sun Pharmaceuticals Industries Limited, Columbia Asia Hospitals Private Limited, Max Healthcare Private Limited". Yes list can also be customized, a maximum of 5-6 players can be swapped with the list of your target competition.
** List of players mentioned may vary in the final report subject to Name Change / M&A activity in recent year. Final confirmation about the players would be provided by research team depending upon the difficulty of survey.
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2) What all regions or countries covered? Can we have list of country of my choice?
Currently, basic version research report is focusing on regions such as Asia Pacific, North America, Europe, South America & Middle East & Africa. List of countries can be customized as per your interest and final confirmation would be dependent upon feasibility test and data availability in research repository.
3) How can we include Segmentation / Market breakdown of Business Interest? Is it possible to get information on Market Makers
Yes, inclusion of additional segments is very much possible subject to data availability and difficulty of survey. At times our client request for market makers information that can be covered on special request after considering requirement with Analyst group of HTF MI.
** Depending upon the requirement the deliverable time and quote will vary.
To comprehend Healthcare Market in India 2020 market sizing in the world, the Healthcare Market in 2020 market is analyzed across major global regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Israel, Saudi Arabia, United Arab Emirates, Turkey, North African Countries and South Africa.
• Europe: UK, France, Italy, Germany, NORDIC Countries, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Malaysia, Singapore, Indonesia, Singapore, and Australia.
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Actual Numbers & In-Depth Risk & Return Analysis of Healthcare Market in 2020 Market with opportunities Available in final Report.
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