Let's talk!

Blogs » Health » India Healthcare Market Research Report 2022-2027

India Healthcare Market Research Report 2022-2027

  • Bharat Book Bureau Provides the Trending Market Research Report on “Healthcare Market in India 2022-2027” under Life Sciences Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.

    India Healthcare Market, Forecast 2022-2027


    Market insights:
    In terms of revenue, the healthcare market was valued at INR 21.14 Trn in FY 2021. It is estimated to reach INR 110.21 Trn by FY 2027, expanding at a compounding annual growth rate (CAGR) of ~30.70% during the FY 2022 – FY 2027 forecast period.

    The market for hospitals, outpatient care services, medical tourism, and diagnostic services witnessed a decline in 2020. However, it started recovering from the second quarter of 2021. The growing prevalence of chronic, lifestyle-related diseases, and inflow of funds from public as well as private investors propelled growth of the market. The exposure to advanced technologies such as telehealth and telemedicine in the healthcare ecosystem also bolstered the growth of the healthcare market. The government aims to increase healthcare spending to 3% of the Gross Domestic Product (GDP) by the end of 2022.

    Segment insights:
    The market is segmented into outpatient care centres, hospitals, pharmaceuticals, medical equipment and supplies, diagnostic services, digital healthcare, research and development, medical insurance, and medical tourism. Metropolitan cities such as Delhi, Chennai, Mumbai, and Kolkata are the hubs for hospital infrastructure in the country. At present, healthcare companies are also expanding in tier-II and tier-III cities, such as Indore, Nashik, Jaipur, Mohali, Surat, and Dehradun. The pharmaceuticals segment was the second-largest segment in FY 2021 with a market share of 16.50%. It is estimated to grow to a market share of 19.91% in FY 2027. The digital healthcare segment also demonstrated a notable market share of 13.00% in FY 2021 and is anticipated to increase by 4.44% by FY 2027.

    COVID-19 impact analysis:
    Healthcare segments such as hospitals, medical tourism, and outpatient care centers were severely affected during the first wave of the pandemic. Meanwhile, digital healthcare, pharmaceuticals, and medical equipment and supplies witnessed remarkable growth during the COVID-19 outbreak. However, in 2021, with the spread of COVID-19 under control to a certain extent, the dispersion in the growth rate of healthcare market segments started reducing. Despite this, the India healthcare industry is anticipated to witness significant growth in the coming few years. In India, the medical insurance market is expected to expand consistently because people are apprehensive about suffering from complicated ailments and bearing the expenditure of the treatment.

    Browse our full report with Table of Content :

    About Bharat Book Bureau:
    Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,00,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors.

    Contact us at:
    Bharat Book Bureau
    Tel: +91 22 27810772 / 27810773
    Email: poonam@bharatbook.com
    Website: www.bharatbook.com

    <!-- /wp:paragraph -->


Recent Blog Entries

  • A Server Virtualization Engineer partitions a physical server by using software into several smaller virtual servers to boost server resources. Besides, this individual also helps to ensure that space is saved, allowing many resources to use the same space. By doing so, they improve network performa...
  • October 29, 2018
    Posted by Deylr eylrod
  • We welcome the many gamers at our website; players can discover us to get cash of clans’ limitless gems and hacks. The coc hack tool is a strategy application for mobile device at present! We construct our coc hack tool for both android and iOS gadget, it is established by specialize industr...
  • One on the great "you was able to make it moments" to be described as a rookie must be in the event you notice your name employing a Madden video games. Would you play you because you in Madden? Would that certainly be considered a sign of narcissism reely more than the moment being proud of merely ...
  • The gaming companies are enduring a summer swoon, as being the industry-tracking NPD Group today announced its June retail sales figures, showing shrinking revenues year-over-year overall.Even with grim news with the industry overall, there was clearly some individual winners. Take-Two Interactive f...
View All