Healthcare Market in India 2024-2029 - Rising Lifestyle Diseases Propel Demand for Specialized Healthcare - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Healthcare Market in India 2024-2029" report has been added to ResearchAndMarkets.com's offering.

The healthcare market in India comprises companies offering healthcare services and related products, including hospitals, pharmaceuticals, medical equipment and supplies, diagnostic services, telemedicine, and medical insurance. In India, the healthcare industry is divided into primary, secondary, and tertiary healthcare tiers. These tiers of healthcare services are made available through a combination of public and private healthcare providers.

Investments are being driven by the country's economic growth, business-friendly policies, and pharmaceuticals manufacturing landscape. The market is poised to grow on the back of specialized and higher quality healthcare facilities, increased incidence of lifestyle diseases, rapid health insurance penetration, and government initiatives.

Market trends:

With the growing number of medical colleges across India, regulating the quality of medical education is becoming increasingly important. The main emphasis is on enhancing the curriculum, faculty training, and accreditation processes to develop skilled and compassionate healthcare professionals. A key step forward is the government's recent mandate, starting in the 2024 - 25 academic session, requiring both government and private medical colleges to be evaluated by the Quality Council of India. This initiative aims to ensure accountability, uphold high standards, and help students make informed decisions about their medical education.

Market drivers:

India is transitioning from dealing primarily with communicable diseases to facing an increase in lifestyle-related illnesses. This shift has been driven by economic growth and urbanization, leading to a rise in demand for specialized healthcare services, diagnostics, and advanced medical devices. Increasing awareness about lifestyle diseases has also contributed to this trend, with people becoming more focused on healthy living and early detection. According to the 2024 GOQii India Fit Report titled "Thriving at Any Age: The Blueprint for Healthy Longevity", 45% of Indians are at risk of being unhealthy. The report identifies common lifestyle diseases such as diabetes, high blood pressure, high cholesterol, and thyroid disorders.

Key deterrents to the growth of the market:

Many hospitals in India, especially in rural regions, often lack the necessary infrastructure to support advanced clinical systems. Challenges like inconsistent electricity, limited internet access, and outdated facilities present major obstacles. As of 2023, the private sector had approximately 1,185,242 beds and the public sector had around 7,13,986 beds. This means the country has an average of less than 1.4 beds per 1,000 people, much lower than the WHO standard norm of 3.5 beds per 1000 people. Lack of adequate funding leading to poor infrastructure continues to be a major challenge for the players in the country.

Key Topics Covered:

Chapter 1: Executive Summary

Chapter 2: Socio-Economic Indicators

Chapter 3: Introduction

3.1. Market definition and structure

Chapter 4: Market Overview

4.1. India Healthcare Market - An Overview

4.2. Market Size and Growth Forecast Based on Value (FY 2022 - FY 2029e)

4.3. Healthcare Landscape in Prominent States: An Overview (2024)

Chapter 5: Market Segmentation

5.1. Pharmaceutical Market Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

5.2. Hospital Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

5.3. Medical Equipment and Supplies Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

5.4. Diagnostic Services Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

5.5. Telemedicine Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

5.6. Medical Insurance Segment - Market Size and Growth Forecast (FY 2022 - FY 2029e)

Chapter 6: Market Influencers

6.1. Market drivers

6.2. Market challenges

Chapter 7: Market Trends

Chapter 8: Recent Government Initiatives

8.1. Favorable Government initiatives

Chapter 9: Competitive Landscape

9.1 Apollo Hospitals Enterprise Limited

• Company Information
• Business Description
• Products/Services
• Key People
• Financial Snapshot
• Key Business Segments
• Key Geographical Segments

9.2. Aster DM Healthcare Limited

9.3. Cipla Limited

9.4. Dr. Lal PathLabs Limited

9.5. Fortis Healthcare Limited

9.6. Healthcare Global Enterprises Limited

9.7. Narayana Hrudayalaya Limited

9.8. Sun Pharmaceuticals Industries Limited

9.9. Columbia Asia Hospitals Private Limited

9.10. Max Healthcare Private Limited

Chapter 10: Recent Developments

10.1. Research methodology

Chapter 11: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/jcqs53

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