Find out the latest information on the Indian healthcare market by reading our market insight reports below.
The Indian healthcare sector is growing at a brisk pace due to its increasing coverage and expenditure as well as improved services by public and private players.
India’s competitive advantage lies in its large pool of well-trained medical professionals, and is competitive in cost compared to its peers in Asian and Western countries.
During the last decade, the Indian government has introduced a number of significant economic reforms measures to invigorate the economy. Today, India is a part of Top 100 Club on Ease of Doing Business (EoDB) and globally ranks 77th out of 190 nations.
India received foreign direct investments worth of US$ 42 billion in 2018, according to the United Nations.
With the liberalising of government policies, up to 100% Foreign Direct Investment (FDI) is permitted in medical devices through the automatic route.
Apart from India, there are a range of Medical Device Clusters that have emerged due to supportive state-level policies as well as the availability of skilled labour. The top five countries from where medical devices were imported included the US, Germany, and China, as well as the Netherlands and Singapore.
According to the Future Health Index (FHI) 2019 report, India isleading in the adoption of digital health technology with 76%of healthcare professionals in the country already using digital health records (DHRs) in their practice.
The report also confirms that digital health technology is a pivotal pillar in delivering value-based care across the healthcare continuum in India.