The Booming Healthcare Industry in India: Opportunities, Growth, and Market Size The healthcare industry in India stands at the cusp of a transformative era, fueled by technological advancements, evolving patient preferences, and supportive government initiatives
INDUSTRY SCENARIO
GROWTH DRIVERS
The current market size of the Indian Medtech industry is estimated to be $ 11 bn with a CAGR of 15% over the last 3 years with the potential to reach $ 50 bn by 2030
Robotic process automation (RPA)
MEDICAL DEVICE
75% Shifting Disease Burden
Imports from countries such as the US, France and Germany
DIAGNOSTICS INDUSTRY
Policy Support & Incentives
Currently valued at € 3.64 Bn
The share of the organized sector is almost 25% in this segment
Insurance Coverage
Emergence of telemedicine
15% in labs
10% in radiology
MEDICAL TOURISM
Medical Infrastructure
Currently valued at € 4.55 - € 5.55Bn
12BN BY 2026
KEY TREND IN HEALTHCARE INDUSTRY INDIA
BIG DATA
ROBOTICS
WEARABLES
NEW DEVICES
FRENCH KEY PLAYERS IN INDIA
1. Increasing demand: reach US$ 50 billion by 2030. 2. Opportunities in Export: Trade is expected to increase by an additional US$ 5 billion per annum, 3. Policy support: In July 2022, the government tabled a draft for the new Drugs, Medical Devices and Cosmetics Bill 4. Increasing Investments: FDI inflow in the medical and surgical appliances sector at US$ 3 billion between April 2000-June 2023.
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