Register

Healthcare & Wellness

The Healthcare industry in India comprises of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. 

The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well as private players. 

Growing incidence of lifestyle diseases, rising demand for affordable healthcare delivery systems due to the increasing healthcare costs, technological advancements, the emergence of telemedicine, rapid health insurance penetration and government initiatives like e-health together with tax benefits and incentives are driving the healthcare market in India.

The Indian government has been proactive in implementing policies to enhance healthcare infrastructure and make healthcare services more accessible and affordable.

  • The Indian healthcare market, which was valued at US$ 110 billion in 2016 is now projected to reach US$ 638 billion by 2025. 

  • The healthcare sector, as of 2024, is one of India’s largest employers, employing a total of 7.5 million people.

  • A recent research report predicts that the integration of Artificial Intelligence (AI) within the Indian healthcare sector will create nearly 3 million new jobs by 2028.

  • Indian medical tourism market was valued at US$ 7.69 billion in 2024 and is expected to reach US$ 14.31 billion by 2029. According to India Tourism Statistics, around 634,561 foreign tourists came for medical treatment in India in 2023, which was nearly 6.87% of the total international tourists who visited the nation. With US$ 5-6 billion size of medical value travel (MVT) and 500000 International patients annually, India is among the global leader destinations for international patients seeking advanced treatment.

  • India is a preferred destination for Medical Value Travel (MVT) where patients from all over the globe come to "Heal in India" and is growing as huge opportunity area in the Healthcare market.

  • Availability of a large pool of well-trained medical professionals in the country.

  • The number of allopathic doctors with recognised medical qualifications (under the I.M.C Act) registered with state medical councils/national medical council increased to 1.3 million in November 2021, from 0.83 million in 2010.

  • In the Interim Union Budget 2024-25, the government allocated US$ 10.93 billion to the Ministry of Health and Family Welfare (MoHFW).

  • The Indian government is planning to introduce a credit incentive programme worth US$ 6.8 billion to boost the country’s healthcare infrastructure.

  • 4,000 + Healthtech startups working in India

  • 1.3 million Workforce of Allopathic Doctors in India

  • 100% FDI is allowed under the automatic route for greenfield projects.