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Report Description

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  • Healthcare
  • | July, 2021

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 v/s Out-patient Services), By Region, Competition Forecast & Opportunities, FY2027

  • Description
  • Table of Content
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India hospital market stood at USD66.77 billion in FY2021 and is expected to grow at a steady CAGR of 8.32% during the forecast period. The India hospital market is driven by the growing prevalence of various chronic and infectious diseases. This has in turn increased the patient pool requiring diagnosis and treatment and the demand for hospitals in the country. According to the first Longitudinal Ageing Study in India (LASI) released by the Union Ministry of Family and Health Welfare in January 2020, two in every three citizens in India suffer from some chronic disease. Besides, the growing penetration of health insurance plans is expected to positively influence the growth of the India hospital market. Additionally, an increase in coverage towards various diseases and injuries in different health insurance plans is also expected to drive the market growth. Furthermore, growing awareness towards the adoption of health insurance plans, emergence of various health insurance provider companies, among others are expected to create lucrative opportunities for the growth of the India hospital market. Furthermore, supportive government policies such as increase in FDI limit from 49% to 74% in Union Budget 2021 coupled with announcement of USD413.13 million funds infusion by the finance ministry of India into state-owned general insurance companies to improve the overall status of these companies is further expected to create lucrative opportunities for the market growth over the next few years.

The India hospital market is segmented based on ownership, type, bed capacity, regionality, type of services, region, and company. Based on ownership, the market can be categorized into private, public and public-private-partnership (PPP). The private ownership segment dominated the market in FY2021 with a share of around 54.84% and will continue to dominate the market during the forecast period as well. This can be ascribed to the growing privatization across the healthcare industry and emergence of large private hospital chains in the country. Also, the growing popularity among the population to avail treatment at private hospitals is further projected to fuel the market growth. While the PPP model can also witness growth in the coming years on account of the supportive government policy of NITI Aayog to link new and/or existing Private Medical Colleges with functional District Hospitals through PPP.

Based on type, the India hospital market can be categorized into general, multi-specialty and specialty. The multi-specialty hospital type is expected to witness significant growth during the forecast period owing to the increasing penetration of multi-specialty hospital chains. Additionally, the patients prefer multi-specialty hospitals on account of availability of various diagnostic and treatment facilities under a single roof, especially in the urban parts of the country. Besides, multi-specialty hospitals are equipped with advanced diagnostic and treatment options along with the presence of skilled professionals. However, the general hospitals are expected to dominate the market during the forecast period owing to their cost effectiveness and easy availability of hospital beds.

Major players operating in the India hospital market include Apollo Hospitals Enterprise Limited, Max Healthcare Institute Limited, Fortis Healthcare Limited, Narayana Health, Aster DM Healthcare Limited, Shalby Limited, Medanta The Medicity Global Health Pvt Ltd, Tata Memorial Center (TMC), All India Institute of Medical Science (AIIMS), Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Sir Ganga Ram Hospital, Lilavati Hospital & Research Centre, and others. The companies are adopting competitive strategies in order to expand their geographic reach and to increase their market share.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023-FY2027

Objective of the Study:

  • To analyze the historical growth in the market size of India hospital market from FY2017 to FY2020.
  • To estimate and forecast the market size of India hospital market from FY2021 to FY2027 and growth rate until FY2027.
  • To classify and forecast India hospital market based on ownership, type, bed capacity, regionality, type of services, region, and company.
  • To identify dominant region or segment in the India hospital market.
  • To identify drivers and challenges for India hospital market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India hospital market.
  • To identify and analyze the profile of leading players operating in India hospital market.
  • To identify key sustainable strategies adopted by market players in India hospital market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of hospitals/clinics across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the hospitals/clinics which could not be identified due to the limitations of secondary research. TechSci Research analyzed the hospitals/clinics, end users and presence of all major players across the country.

TechSci Research calculated the market size of India hospital market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these hospital types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Hospital, clinics, and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to hospital
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as hospitals, clinics, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India hospital market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Hospital Market, By Ownership:
    • Private
    • Public
    • PPP
  • India Hospital Market, By Type:
    • General
    • Multi- Speciality Hospitals
    • Specialty
  • India Hospital Market, By Bed Capacity:
    • Up to 100beds
    • 101-300beds
    • 301-700 Beds
    • Above 700 Beds
  • India Hospital Market, By Regionality:
    • Regional/District
    • Rural
    • Others
  • India Hospital Market, By Type of Services:
    • In-patient Services
    • Out-patient Services
  • India Hospital Market, By Region:
    • North Region
    • South Region
    • West Region
    • East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India hospital market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Hospital Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Criteria for Choosing a Hospital

5.3.  Preferred Choice of Hospital, By Ownership

6.    India Hospital Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Ownership (Private, Public, PPP)

6.2.2.     By Type (General, Multi- Speciality, Specialty)

6.2.3.     By Bed Capacity (Up to 100 Beds, 101-300 Beds, 301-700 Beds, Above 700 Beds)

6.2.4.     By Regionality (Regional/District, Rural, Others)

6.2.5.     By Type of Services (In-patient Services v/s Out-patient Services)

6.2.6.     By Region

6.2.7.     By Company (FY2021)

6.3.  Product Market Map

6.3.1.     By Ownership

6.3.2.     By Type

7.    India Private Hospital Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Bed Capacity

7.2.3.     By Region

7.2.3.1.         By State (Top 3 States)

8.    India Public Hospital Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Bed Capacity

8.2.3.     By Region

8.2.3.1.         By State (Top 3 States)

9.    India PPP Hospital Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Bed Capacity

9.2.3.     By Region

9.2.3.1.         By State (Top 3 States)

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  India Hospital Construction Market Outlook

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Company Profiles

15.1.1.  Apollo Hospitals Enterprise Limited

15.1.2.  Max Healthcare Institute Limited

15.1.3.  Fortis Healthcare Limited

15.1.4.  Narayana Health

15.1.5.  Aster DM Healthcare Limited

15.1.6.  Shalby Limited

15.1.7.  Medanta The Medicity Global Health Pvt Ltd

15.1.8.  Tata Memorial Center (TMC)

15.1.9.  All India Institute of Medical Science (AIIMS)

15.1.10.   Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute

15.1.11.   Sir Ganga Ram Hospital

15.1.12.   Lilavati Hospital & Research Centre

16.  Strategic Recommendations

17.  Annexure- Number of Hospital Beds in Top 50 Hospitals Across Metro Cities Present in India

18.  About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]
  • Figure 1: India Hospital Market Size, By Value (USD Billion), FY2017-FY2027F

    Figure 2: FDI in Healthcare Industry, By Value (USD Billion), By Sector (April 2000-December 2020)

    Figure 3: India Hospital Market Share, By Ownership, By Value, FY2017-FY2027F

    Figure 4: India Hospital Market Share, By Type, By Value, FY2017-FY2027F

    Figure 5: India Hospital Market Share, By Bed Capacity, By Value, FY2017-FY2027F

    Figure 6: India Hospital Market Share, By Regionality, By Value, FY2017-FY2027F

    Figure 7: India Hospital Market Share, By Type of Services, By Value, FY2017-FY2027F

    Figure 8: India Hospital Market Share, By Region, By Value, FY2017-FY2027F

    Figure 9: India Hospital Market Share, By Company, By Value, FY2021

    Figure 10: India Hospital Market Map, By Ownership, Market Size (USD Billion) & Growth Rate (%)

    Figure 11: India Hospital Market Map, By Type, Market Size (USD Billion) & Growth Rate (%)

    Figure 12: India Private Hospital Market Size, By Value (USD Billion), FY2017-FY2027F

    Figure 13: Health/Medicities in India

    Figure 14: India Private Hospital Market Share, By Type, By Value, FY2017-FY2027F

    Figure 15: India Population (In Thousands), As of March 2020

    Figure 16: India Private Hospital Market Share, By Bed Capacity, By Value, FY2017-FY2027F

    Figure 17: India Private Hospital Beds/ICU Beds, As of March 2020

    Figure 18: India Private Hospital Market Share, By Region, By Value, FY2017-FY2027F

    Figure 19: North India Private Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 20: Number of Private Hospitals in North India, by State, As of March 2020

    Figure 21: South India Private Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 22: Number of Private Hospitals in South India, by State, As of March 2020

    Figure 23: West India Private Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 24: Number of Private Hospitals in West India, by State, As of March 2020

    Figure 25: East India Private Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 26: Number of Private Hospitals in East India, by State, As of March 2020

    Figure 27: India Public Hospital Market Size, By Value (USD Billion), FY2017-FY2027F

    Figure 28: India Public Hospital Market Share, By Type, By Value, FY2017-FY2027F

    Figure 29: Number of Doctors in India

    Figure 30: India Public Hospital Market Share, By Bed Capacity, By Value, FY2017-FY2027F

    Figure 31: India Public Hospital Beds/ICU Beds, As of March 2020

    Figure 32: India Public Hospital Market Share, By Region, By Value, FY2017-FY2027F

    Figure 33: North India Public Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 34: Number of Public Hospitals in North India, by State, As of March 2020

    Figure 35: South India Public Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 36: Number of Public Hospitals in South India, by State, As of March 2020

    Figure 37: West India Public Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 38: Number of Public Hospitals in West India, by State, As of March 2020

    Figure 39: East India Public Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 40: Number of Public Hospitals in East India, by State, As of March 2020

    Figure 41: India PPP Hospital Market Size, By Value (USD Billion), FY2017-FY2027F

    Figure 42: India PPP Hospital Market Share, By Type, By Value, FY2017-FY2027F

    Figure 43: India PPP Hospital Market Share, By Bed Capacity, By Value, FY2017-FY2027F

    Figure 44: India PPP Hospital Market Share, By Region, By Value, FY2017-FY2027F

    Figure 45: North India PPP Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 46: South India PPP Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 47: West India PPP Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 48: East India PPP Hospital Market Share, By State, By Value, FY2017-FY2027F

    Figure 49: Growing Share of Geriatric Population (Above 60 years) to the Total Population in India

    Figure 50: Number of People with Health Insurance Across India, FY2020 (In Million)

    Figure 51: Number of Medical Tourists From Different Countries in India, 2017-2019

    List of Tables:

    Table 1: Private Equity and Mergers & Acquisitions in India Hospital Market

    Table 2: India Cancer Incidence and Mortality, By Cancer Site, As of 2020

    Table 3: FDI Permitted in Various Healthcare-Related Sectors in India (By Route)

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What is the impact of COVID-19 on the growth of India Hospital Market?

India hospital market was significantly hit by the pandemic spread in the country. The hospitals were converted into COVID-19 hospitals and were completely dedicated to the treatment of coronavirus. Several surgeries and elective procedures were cancelled or postponed, OPDs were shut down, etc. All these factors adversely impacted the growth of India hospital market.

What are the top five private hospital chains operating in the India Hospital Market?

The top five private hospital chains include Apollo Hospitals Enterprise Limited, Max Healthcare Institute Limited, Fortis Healthcare Ltd., Narayana Health and Aster DM Healthcare Ltd.

What are the factors taken into consideration by patients or their relatives before choosing a hospital?

The various factors taken into consideration before making a choice of hospital for availing treatment include cost of services at the hospital, availability of best doctors, hospital infrastructure/facilities, among others.

What is the total number of hospitals in India?

As of April 2020, India had 69,265 hospitals of which 25,778 belonged to public sector and 43,487 belonged to private sector.

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Press Release

India Hospital Market to Grow at a Steady Rate of 8.32% During the Forecast Period

Jul, 2021

Growing disease prevalence is expected to drive the growth of India hospital market through the forecast period.


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