- The hospital industry in India, which accounts for 80% of the entire healthcare market, is witnessing huge investment demand from both global and local investors. The hospital industry is expected to reach $132 billion by 2023, up from $61.8 billion in 2017; is growing at an average annual growth rate of 16-17%.
- India's medical tourism market is expected to grow from the current $3 billion to $7-8 billion by 2020.
- The diagnostics industry in India is currently valued at $4 billion. The share of the organized sector in this segment is almost 25% (15% in laboratories and 10% in radiology).
- The primary health care industry is currently valued at $13 billion. The share of the organized sector in this case is practically negligible.
- 70,000 Ayushman Bharat centers that aim to provide primary health care services to communities closer to their homes operate in India.
- The share of health insurance in the non-life insurance business is 20%, making it the second largest portfolio. Gross income from direct health insurance premiums grew 17.16% year-over-year to $6.87 billion in FY20.
The Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) offers guarantee coverage for financing provided by registered commercial banks for eligible projects in the healthcare sector to establish or modernize/expand healthcare facilities.