overview

Healthcare industry in India comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The industry was projected to grow at CAGR of 18% to reach USD 372 Billion by 2022. Post Covid-19, the healthcare industry will see greater investments and grow even faster.Under Ayushman Bharat, Government of India has embarked upon an ambitious mission to ensure universal healthcare to every Indian. This mission will get further boost in post Covid-19 era as more resources are earmarked for healthcare. In past we have under invested in healthcare with circa 1.5% of GDP; this is far below the global average of 9% of GDP. Post Covid-19, we expect the investment levels to significantly grow including in Tier 2, Tier 3 and rural areas. Governments, industry and communities need to a better health infrastructure, promote increased health awareness, encourage health insurance and adoption of healthy lifestyles and preventive health care. New technologies in all areas including diagnostics, medical infrastructure and patient care will lead the way in this drive to provide quality, afordable and universal healthcare. This will also create a large number of new jobs.