India Hospital Market to Grow with a CAGR of 10.64% through 2030
Increasing penetration of
connected devices & instruments in hospitals is expected to drive the India
Hospital Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India
Hospital Market -Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the India Hospital Market stood at USD 108.57
Billion in 2024 and is anticipated to grow with a CAGR of 10.64% in the
forecast period, 2026-2030. Several factors are influencing the growth of the
hospital market in India. One of the primary drivers is the increasing
prevalence of lifestyle-related health conditions, such as diabetes and heart
disease. The advent of medical tourism due to cost-effective treatments and
advanced healthcare facilities is also spurring the market growth. Other
critical factors include government initiatives to improve healthcare
infrastructure, a growing population, and an increase in health insurance
penetration. As the demand for quality healthcare continues to surge in India,
the India Hospital Market is poised to thrive and play a pivotal role in
shaping the country's healthcare landscape. The market's growth is driven by
factors such as the rising population, increasing awareness about healthcare,
and the need to cater to the healthcare needs of a diverse and evolving
population. The market is witnessing a shift towards
patient-centric care models, with an emphasis on personalized and innovative healthcare
solutions.
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The India Hospital Market is segmented into
ownership, type, bed capacity, regionality, type of services, regional
distribution, and company.
Based on Bed Capacity, 301 to 700 beds bed capacity
range dominated the India Hospital market in 2024. This
dominance can be attributed to several factors. Hospitals within this bed
capacity range typically offer a comprehensive range of medical services,
advanced facilities, and specialized care units. They are often situated in
urban and semi-urban areas, where there is a higher concentration of population
and healthcare demand. Hospitals with bed capacities in this
range tend to attract a larger patient base due to their ability to provide
complex treatments and handle a higher volume of patients efficiently. These hospitals often receive significant investments in
infrastructure, medical equipment, and human resources, contributing to their
dominance in the India Hospital market landscape.
Based on type of services, in the Indian Hospital
Market, the demand for comprehensive care and treatment procedures that require
hospitalization has led to the dominance of In-patient Services in the
healthcare landscape. This is further amplified by the increasing trend of
medical tourism in India, where patients from various parts of the world seek
specialized treatment procedures. The availability of state-of-the-art medical
facilities and the expertise of Indian healthcare professionals make it an attractive
destination for those in need of advanced healthcare. However, it is important
to note the significant growth of Out-patient services in recent years. The
advancements in healthcare technologies have revolutionized the medical field,
enabled quicker diagnostics and facilitated minor surgical procedures without
the need for hospital admission. This has not only provided patients with more
convenient and efficient healthcare options but also enhanced accessibility to
quality medical services. Patients can now receive timely and comprehensive
care without the inconvenience and cost associated with hospital stays.
As a result of these advancements, Out-patient
services have witnessed a surge in popularity, catering to the growing demand
for timely and convenient healthcare solutions. The availability of specialized
clinics and outpatient centers offers a wide range of medical services,
including consultations, diagnostic tests, preventive care, and follow-up
treatments. This comprehensive approach to healthcare ensures that patients
receive continuous and personalized care throughout their medical journey.
Overall, the Indian Hospital Market is evolving to meet the diverse needs of
patients, with In-patient services addressing complex healthcare requirements
and Out-patient services providing accessible and convenient healthcare
solutions. This combination of comprehensive care and convenient services
contributes to the overall growth and development of the healthcare industry in
India.
Based on region, the northern region of India, dominated
the India hospital market and is anticipated to grow in the forecast period. The
region's growing population, coupled with the rise in chronic diseases and
lifestyle-related health issues, necessitates the development of robust
healthcare facilities to cater to the evolving healthcare needs of the
residents. This includes the establishment of specialized clinics and the
expansion of existing hospitals to accommodate the increasing patient load.
The government's focus on improving healthcare
services in the northern region has created an environment conducive to the
growth of the hospital market. With the convergence of these factors, the
northern region of India is well-positioned to lead the way in advancing the
Indian hospital market. Its strategic location, advanced medical facilities,
increasing population, highly skilled healthcare professionals, and government
support all contribute to the region's growth trajectory in the healthcare sector.
The northern region is not only meeting the current healthcare demands but also
preparing for the future healthcare needs of the country.
Major companies operating in
India Hospital Market are:
- Apollo Hospitals Enterprise
Limited
- Max
Healthcare Institute Limited
- Fortis
Healthcare Limited
- Narayana
Health
- Aster DM
Healthcare Limited
- Shalby
Limited
- Medanta
The Medicity Global Health Private Limited
- Tata
Memorial Hospital
- All India
Institute of Medical Sciences
- Kokilaben
Dhirubhai Ambani Hospital and Medical Research Institute
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“In the upcoming years, the Indian hospital market
is primed for a significant transformation driven by technological advancements
and evolving patient demands. Specialized hospitals catering to specific
medical needs like geriatrics and oncology will emerge, providing tailored care
experiences. Telemedicine is anticipated to witness widespread adoption,
particularly in rural regions, facilitating enhanced connectivity between
patients and specialists. The focus on preventive healthcare would amplify,
leading to the proliferation of wellness centers integrated within hospitals,
offering comprehensive health solutions.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Hospital Market By Ownership (Public,
Private, PPP), By Type (General, Multi- Speciality Hospitals, Specialty), By
Bed Capacity (Up to 100 beds, 101-300beds, 301-700 Beds, Above 700 Beds), By
Regionality (Regional/District, Rural, Others), By Type of Services (In-patient
Services, Out-patient Services), By Region, Competition, Forecast &
Opportunities, 2030F”, has evaluated the future growth potential of India
Hospital Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Hospital Market.
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