Indian Healthcare Industry Market Industry Growth, Trends Analysis & Forecast to 2026

Healthcare has become one of the largest sectors in India in terms of employment as well as revenue. The healthcare industry includes medical device manufacturers, medical tourism, telemedicine, clinical trials, outsourcing industry, and health insurance providers. The healthcare industry in India is expected to reach $372 billion by 2022, driven by rising incomes, greater health awareness, and increasing lifestyle diseases. The healthcare spending as a percentage of Gross Domestic Product (GDP) is on rise, which presents an ample opportunity for the growth of the Indian healthcare industry. The expenditure by government on the health sector has grown to 1.4% in 2018 from 1.2% in 2014. Further, the Indian Government has planned to increase public health spending to 2.5% of the GDP by 2025.

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India presents a number of opportunities for healthcare industry players. The healthcare industry is one of the fastest growing industries in India and is projected to hit $280 billion by 2020. The healthcare industry of India is much diversified and is full of opportunities in every field. With the intensifying competition, industry players are looking for the latest dynamics & trends that will have positive impact on their business as well as revenue stream.

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The Categories Covered in the Healthcare Domain Include

• Medical Devices
• Pharmaceuticals
• Biotechnology
• Healthcare IT

The breakthroughs in Medical Technology has focused on clinical outcomes, which, in turn, has resulted in a radical transformation in patient care. For instance, minimally-invasive or completely non-invasive medical devices have significantly reduced the recovery time and resulted in a declining medical cost. Our team tracks vital medical devices markets such as Surgical Devices, Cardiovascular Devices, Therapeutic Devices, Wearable Medical Devices, Mobility Assist Devices, Orthopedic Devices, Neuromodulators, and many others. The report study provided by us gives an in-depth analysis of each market covered in this category.

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