Press Release

India Hospital Market to Grow with a CAGR of 10.64% through 2030F

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, 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, 101-300 beds, 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 and Opportunities, 2020-2030F”, 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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