Industry insights
Find out the latest information on the Indian healthcare market by reading our market insight reports below.
2019 Healthcare market insights for India
General healthcare:
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.
Foreign Direct Investment:
doing business in India
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.
Top 5 countries for import and export of medical devices
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
Digital Healthcare in India
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.
Coronavirus Update: For the first time, recoveries overtake affected cases
Health Ministry figures released today showed that the country had more cured COVID-19 patients than active cases. While 1,35,205 patients were cured from coronavirus since the outbreak, the number of active coronavirus patients in India stood at 1,33,632 today.
Pharma offers favourable long-term opportunities, says Shalesh Raj Bhan of Nippon India MF
Pharma funds are in enjoying their spot under the spotlight after a lull period in the last three to four years. These sector schemes have offered an average return of over 25% in the last year.
COVID-19 pandemic may be over in India around mid-September, say health ministry officials
When will the coronavirus pandemic end in India? There is no definite answer yet, but senior officials of the Health Ministry predict that the pandemic in India may go in mid-September this year.
Coronavirus vaccine from Moderna shows early signs of viral immune response
An experimental vaccine from the U.S. biotechnology company Moderna Inc. showed signs that it can create an immune-system response to fend off the new coronavirus, offering tentative hopes in the global effort to combat the pandemic.
Managing mental health with yoga amid COVID-19
While Yoga is considered beneficial for cardiovascular and blood circulation but the practice of it could provide a sustainable exercise alternative for thousands of people isolating at home, recent research has pointed out that movement-based yoga can significantly improve mental health.
Devising a fail-safe business plan using AI, analytics and more
Subramanian Gopalaratnam, CTO, Resulticks, a marketing automation company, explains how technologies like AI, IoT and others can help healthcare brands create more effective marketing strategies through omnichannel engagement to boost the effectiveness of campaigns, improve conversions and deliver individualised customer experiences, in an interview
India turns to AI to counter skilled healthcare staff shortage
Sattva MedTech, an Indian medical start-up, is using AI-powered electrocardiogram-based monitoring systems to diagnose foetal distress — a condition that contributes to India’s high neonatal mortality rate.
How COVID-19 can lay the foundation of a tech-driven healthcare system in India
Is it time to rethink healthcare? With COVID-19 disrupting processes, economies and human behaviour we must notice that our knee-jerk reaction to this pandemic isn’t going to take us far. What is even more crucial is to ponder upon how we give far more importance to defence budgetary allocations than the allocation towards health care.
India completes 1 million Covid-19 tests: What is remarkable about it
According to data compiled by the ministry of health, Indian Council of Medical Research and Our World in Data, there were 39,980 cases in India when the country completed one million Covid-19 tests. In comparison, Spain had over 200,194 cases, while the USA had 164,620 cases.
Fighting COVID-19 with facts not fear
Under complete lockdown less than a quarter of India's $2.8 trillion economy is functional. We are expected to lose over Rs 32,000 crore ($4.5 billion) every day during the lockdown
Innovation: Making ourselves future-ready
According to the Global Innovation Index 2019, India is the 52nd most innovative country in the world. India has the capability, the capacity, and the talent pool required to become a powerhouse of innovation.
Building an AI-First Organization
AI is poised to lead the next wave of exponential change disrupting health care and other industries through mobilizing analytics and automation to deliver empathetic, personalized experiences.
Dr. Reddy’s Laboratories to acquire select business divisions of Wockhardt in India
The business comprises of a portfolio of 62 brands in multiple therapy areas such as Respiratory, Neurology, VMS, Dermatology, Gastroenterology, Pain and Vaccines, which would transfer to Dr. Reddy’s along with related sales and marketing teams.
India’s eHealth market to touch $16 billion over the next five years
The growth will be driven by a massive influx of customers availing of online healthcare services, according to the report titled ‘Indian eHealth at a tipping point’.
Medical Value Travel in India - Challenges & The Way Forward
Medical Value Travel is gaining strategic importance given its ability to create employment, encourage cultural exchanges, improve positioning of the country by projecting its ‘soft power’ and earn foreign exchange for respective countries.
AIIMS offers Delhi’s first lung transplant
AIIMS, which pioneered heart transplants in India, has now decided to conduct lung transplants too — making it the first hospital in the capital and the second public institution in the country to offer the procedure after PGIMER, Chandigarh.
Guaranteeing healthcare, the Brazilian way
Both Brazil and India are composed of large States with a reasonable degree of administrative autonomy. This fact implies great challenges and opportunities. As Brazilian President Jair Bolsonaro visits New Delhi this Republic Day, one interesting field of cooperation to explore in the strategic partnership is healthcare.
Next-gen radiation therapy for cancer patients now in India
Indraprastha Apollo Hospital in New Delhi on Friday launched the most advanced version of TomoTherapy Radixact X9, the smartest radiation therapy to treat the most complicated cancer tumours.
Jaipur hospital saves two heart patients with new technology
Doctors at private hospital in Jaipur, India saved the life of a heart failure patient by connecting the pacemaker’s wire to the heart wire. At the same time, in another case, without performing open heart surgery, they succeeded in changing two valves simultaneously using latest technology.
Cancer: AI can make up for lack of doctors, says expert
Using artificial intelligence for diagnosis and telemedicine services for treatment along with Ayushman Bharath programme will improve cancer diagnosis and treatment outcomes in India, which is reeling under a shortage of doctors, said WHO chief scientist Dr Soumya Swaminathan.
Mega reforms in medical education sector, highlights of 2019
The enactment of two key legislations, one aimed at ushering in mega reforms in the medical education sector and the other banning e-cigarettes were the major highlights of the Health Ministry in the outgoing year.
AI can detect blood cancer with high reliability
Artificial Intelligence can help detect one of the most common forms of blood cancer - acute myeloid leukaemia (AML) - with high reliability, new research has found.
Price of diabetes drug to halve soon as cheap versions of top drug to hit market
The domestic pharmaceutical market is abuzz with news of over 15-20 companies launching generic versions of the widely-prescribed anti-diabetic drug Vildagliptin, with its price expected to crash by half.
Autopsies conducted in virtual reality?
The ICMR and AIIMS have studied global practices and taken up this project for “dignified management of dead body,” Vardhan said, adding that family members of the deceased feel uncomfortable with the traditional way of postmortem. To this end, the technique would allow for analysis of the body without any dissection at all.
DHA, India’s Apollo Hospitals in health care pact
India’s Apollo Hospitals Group has signed a memorandum of understanding (MoU) with Dubai Health Authority (DHA) to explore collaboration opportunities in the field of healthcare and healthcare technology.
Digital Health: Invest in innovations
Digital health can revolutionise the way India deals with healthcare delivery by not just helping in preventive management, but by also playing a catalytic role in the entire continuum of care from tracking data to preventing an epidemic through ensuring timely medical intervention.
Technology on the brink of revolutionizing Indian healthcare
The healthcare industry, being one of the most important and complex industries, is undergoing rapid transformation with the announcement of new government policies, competencies, and procedures. The prime focus in the last three decades has been on improving healthcare delivery, provide quality treatment, better disease management, with cutting-edge technological solutions.
India Health Exhibition launches to facilitate growth in India’s US$372 bn healthcare market
Informa Markets, the largest international exhibitions organiser, are gearing up to launch India Health Exhibition from April 14-16, 2020. This comes in response to the global industry’s desire to develop business within one of the world’s fastest growing markets. The show will host a unique combination of a full-scale exhibition along with a diverse range of educational conferences that are run in partnership with leading local associations.
India courts private hospitals to boost insurance program
India will offer incentives to private hospitals to take part in the government’s health insurance program, potentially the biggest of its kind in the world, a senior government official told Reuters.
IoT Technology Is Changing Healthcare, But Not Without Risk
Modern-day healthcare is being revolutionized by technological innovations in Internet of Things (IoT) devices including wearable, portable, and implantable devices. These devices have been essential to improving patient care.
Healthcare becoming costlier in developed countries: report
India's medical tourism industry could grow by 200% by 2020, hitting US$ 9 billion, according to Ministry of Tourism figures. In 2015, India ranked as the third most popular destination for medical tourism, when the industry was worth US$ 3 billion.
Identifying gaps in hospital IT infrastructure
Experts have identified three areas where today’s hospitals can benefit from increased attention and investment in their IT infrastructure.
Considering e-patients in the age of digital consumerism
Modern e-health innovators are providing online solutions that address the quality of information and tools patients use.
Entirely new healthcare models offer global investment opportunity in telemedicine
More opportunities with a corresponding rise in entirely new healthcare models are presenting themselves. One of the most transformative new treatment models is asynchronous care.
Telerehabilitation in resource constrained countries
While telemedicine offers great opportunities to healthcare in general and for rehabilitation services, it could be particularly beneficial for resource constrained countries.
Factsheet and Overview
With India aiming to become a US$ 5 trillion economy by 2024/25, the investment climate in the country has improved considerably since the opening up of the economy in 1991. During the last decade, the Indian government has introduced a number of significant economic reforms measures to invigorate the economy.
FDI Entry Routes Into India
Invest India outlines the procedure for applying for FDI through the government route. The first step involves filling in an online proposal for investment on the Foreign Investment Facilitation Portal.
Opportunities for FDI In Indian Healthcare Industry
With an ageing population and life expectancy to cross 70 years by 2022, there is a need for home-based healthcare devices. According to the United Nations, India’s population is set to touch 1.45 billion by 2028, making it the world’s most populous nation.
Role of FDI and The Growth of Medical Tourism
India's medical tourism industry could grow by 200% by 2020, hitting US$ 9 billion, according to Ministry of Tourism figures. In 2015, India ranked as the third most popular destination for medical tourism, when the industry was worth US$ 3 billion.
