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
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:
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:
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:
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
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
- 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.
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
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
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).
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
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
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)
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)
LIST OF FIGURES
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
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
