The healthcare industry in the country, which comprises hospital and allied sectors, is projected to grow 23 per cent per annum to touch US $ 77 billion by 2012 from the current estimated size of US $ 35 billion, according to a Yes Bank and an industry body report published in November 2009.
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Nullamlacus dui ipsum conseque The sector has registered a growth of 9.3 per cent between 2000-2009, comparable to the sectoral growth rate of other emerging economies such as China, Brazil and Mexico. According to the report, the growth in the sector would be driven by healthcare facilities, both private and public sectors, medical diagnostic and pathlabs and the medical insurance sector. According to the report, diagnostics would contribute US $ 2.5 billion to the healthcare industry by 2012.
Nullamlacus dui ipsum consequeAn increasing number of public and private healthcare facilities are expected to propel demand for the industry, accounting for another US $ 6.7 billion in this period.
As per a study by an industry body and Ernst & Young, India would require another 1.75 million beds by the end of 2025. The public sector however is likely to contribute only around 15-20 per cent of the required US $ 86 billion investment. The corporate India is therefore, leveraging on this business potential and various health care brands have started aggressive expansion in the country. Some of the companies that plan to increase their footprints include Anil Ambani's Reliance Health, the Hindujas, Sahara Group, Emami, Apollo Tyres and the Panacea Group.
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