Healthcare market
Estimated market of US$ 65 billion includes the healthcare delivery of hospitals, nursing homes and diagnostics centres, and pharmaceuticals. The Indian Medical Tourism currently at $1 billion is growing at the rate of 18 per cent. However, a major disappointment is that India spends only 1 per cent of its GDP in health sector whereas China and the US spends 3% and 8.3% respectively. Private sector is dominant with groups like Apollo Hospitals and Fortis Healthcare.
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Estimated market of US$ 65 billion includes the healthcare delivery of hospitals, nursing homes and diagnostics centres, and pharmaceuticals. The Indian Medical Tourism currently at $1 billion is growing at the rate of 18 per cent. However, a major disappointment is that India spends only 1 per cent of its GDP in health sector whereas China and the US spends 3% and 8.3% respectively. Private sector is dominant with groups like Apollo Hospitals and Fortis Healthcare.