Investment landscape
High economic growth, low cost labour and opportunities in untapped sectors has made India a favourable investment destination. The Indian government has implemented initiatives to promote the ease of doing business. Some of these initiatives include relaxing FDI norms, policies to promote start-up culture, strengthening research and development (R&D) and refining the intellectual property rights (IPR) regime.
Project distribution
Mode of implementation
Market opportunities
General healthcare:
Indian healthcare sector, is expected to record a threefold rise, at a CAGR of 22% during 2016-2022 to reach US$ 372 billion in 2022
Medical devices:
Presently valued at US$ 5.2 billion, India is the 4th largest medical devices market in Asia and is poised to grow to US$ 50 billion by 2025The medical device market is dominated by imported products, which comprise of around 80%
Government initiatives:
The Indian government is planning to increase public health spending from 1.4% to 2.5% of the country’s GDP by 2025. In 2018, Government of India launched Pradhan Mantri Jan Arogya Yojana (PMJAY) to provide health insurance worth US$ 7,124.54 to over 100 million families every year
Medical tourism:
The value of medical tourism is forecasted to reach US$ 9 billion by 2020 as India promotes advanced facilities, skilled doctors and low-cost treatment as well as traditional practices and wellness programmes
Workforce:
Additional 1.54 million doctors and 2.4 million nurses required to meet the growing demand for healthcare. Healthcare sector will generate 40 million jobs by 2020
Infrastructure:
Over US$ 200 billion is expected to be spent on medical infrastructure by 2024
