Ideas That Generate Results
Booming Hospital Services Market in India
The hospital services market represents one of the most lucrative segments of the Indian healthcare industry. Various factors such as, increasing prevalence of diseases, improving affordability, and rising penetration of health insurance are fuelling growth in the Indian hospital industry. Several private players are entering the sector with new plans of establishing hospitals and health centers around the country. On the back of continuously rising demand, the hospital services industry is expected to be worth US$ 52.4 Billion by 2012.
According to our new research report “Booming Hospital Services Market in India”, the country needs to cover the cumulative deficit of around 2.8 Million hospital beds by 2014 to match up with the global average of 3 beds per 1000 population. Currently, the market is dominated by unorganized investors, and this scenario is likely to continue in near future as well. Huge private sector investments will significantly contribute to the development of hospital industry, comprising around 80% of the total market.
Strong demand for hospital services in tier-II and tier-III cities are bound to fuel the growth of the hospital services sector. We anticipate that most of this demand will be met by private investments as majority of the government investments will be focused on primary healthcare segment.
The report provides extensive information and rational analysis of the Indian hospital sector. It also provides analysis of factors that are driving growth in the industry and also various challenges that are being faced in the current scenario. Analysis and statistics regarding market size, growth, share, segmentation and geographic distribution have been thoroughly analyzed to present a comprehensive overview of the market.
Moreover, the report covers various approval and accreditation regulations in the country for the hospital and other health services setups. We hope that our report will work as an investment guide for clients and help them in devising their strategies, while investing in the sector.