Indian Healthcare Market

$110 Bn                                  22.90 %

Industry size (2017)        Industry CAGR (2015-20)

Indian Healthcare industry is expected to reach $ 372 bn by 2022

Growth Drivers:

  • Infrastructure: $ 200 bn is expected to be spent on medical infrastructure by 2024
  • Demographics – Home-based care services to gain popularity as average life expectancy will cross 70 years by 2022
  • Medical Tourism – Visas for international patients and attendants introduced to ease medical tourism
  • Rising disposable Income – Growing middle-class and increased insurance penetration would lead to a steep rise in annual earnings of Indians
  • Health & wellness centres – 150,000 centres with a budget of $ 1.8 bn will make the healthcare system more accessible
  • Robotic Process Automation (RPA) – RPA to improve the efficiency of healthcare workforce; reducing costs and creating value proposition
  • Ayushman Bharat Yojana: World’s largest Govt. healthcare program will increase the Indian Healthcare Market size Multi fold.

GCC Healthcare Market

$76.1 Bn                                  6.6 %

Industry size (2017)        Industry CAGR (2015-20)

GCC Healthcare industry is expected to reach $ 104.6 bn by 2022

Growth Drivers:

  • Infrastructure: $ 93 bn is expected to be spent on medical infrastructure by 2024
  • Mandatory Insurance policy implementation for Residents and Expats
  • Increasing prevalence of life style diseases
  • Public Private Partnerships PPP 150,000 centres with a budget of $ 1.8 bn will make the healthcare system more accessible
  • Robotic Process Automation (RPA)-RPA to improve the efficiency of healthcare workforce; reducing costs and creating value proposition