Healthcare

The Indian Healthcare Industry is at a vital juncture, perched for considerable growth till 2020. Healthcare expenditure in India being among the lowest globally, offers tremendous scope and opportunity to the industry stakeholders, especially in the private sector.

The key drivers shall be:

  • Conducive demographics
  • Per capital spend on healthcare
  • Rising incidences of lifestyle diseases
  • Increasing penetration of health insurance
  • Growth of medical tourism

The Indian population has grown from 1,024 million in 2000 to 1,191 million in 2010 and is expected to reach 1,266 million by 2015 at a CAGR of 1.3% over 2010-2015. Increasing population will impose pressure on the already inadequate health care infrastructure, creating a severe need for more hospital beds. India’s average life expectancy has increased from 57 years in 1990 to 65 years in 2009. This, coupled with a declining population growth rate, implies that the number of people in old age groups (> 60 years) is likely to increase. Population above the age of 60 is likely to double from 96.4 million in 2010 to 192.7 million in 2030.