Private Medical Colleges Market in India 2021
In India, there are approximately 562 medical colleges under the National Medical Commission (NMC). Admission to medical institutions is based on the National Eligibility Entrance Test (NEET) ranks. There are ~50.89% government medical colleges and ~49.11% private medical colleges in the country. The private medical colleges are equipped with advanced laboratories, along with highly-educated teaching faculty.
Market insights:
Private medical institutions have more number of seats than government medical colleges but admission charges and cost of the course are significantly high. At present there are 276 private medical colleges in India. According to an NMC data, around 37 applications were received to establish private medical colleges for the academic year 2021 – 2022. Around 15 private medical colleges were set up between 2020 and 2021. Increase in the number of seats in private medical colleges and growing investment opportunities for the same are some of the important factors driving the growth of the market. However, inadequate healthcare infrastructure, inappropriate doctor to patient ratio and high admission and course fees are the key challenges to the growth of the market. Moreover, Medical facilities are not equitably distributed throughout the country. Patients are sometimes required to go abroad for treatment purposes as they are unsure about the success rate of the therapy in India. Several seats in private colleges are reserved for management quota, thus, blocking the seats of some deserving candidates. Although the number of medical seats has increased, it is still not sufficient because of the vast population of the country.
Impact of COVID-19:
Several private medical colleges were converted into COVID-19 hospitals in 2020. Most of them were used as quarantine centers for infected patients to remain isolated. The All India Council for Technical Education (AICTE) issued a circular instructing the listed institutes and colleges not to insist on payment of fees, including admission charges. However, in private colleges and deemed universities, medical students, many of whom are at the forefront of India's medical response to the COVID-19 pandemic, have received no such protection.
Government initiatives:
The Ministry of Health and Family Welfare (MOHFW) announced a centrally-sponsored scheme in 2021 to upgrade existing state/central government medical colleges to raise the number of MBBS seats. 90% of the investment is made by central government and the rest is borne by the states. Under public-private partnerships, the central government will fund the viability gap to the tune of 60% -80% of the cost of establishing medical colleges in existing district hospitals.
Market insights:
Private medical institutions have more number of seats than government medical colleges but admission charges and cost of the course are significantly high. At present there are 276 private medical colleges in India. According to an NMC data, around 37 applications were received to establish private medical colleges for the academic year 2021 – 2022. Around 15 private medical colleges were set up between 2020 and 2021. Increase in the number of seats in private medical colleges and growing investment opportunities for the same are some of the important factors driving the growth of the market. However, inadequate healthcare infrastructure, inappropriate doctor to patient ratio and high admission and course fees are the key challenges to the growth of the market. Moreover, Medical facilities are not equitably distributed throughout the country. Patients are sometimes required to go abroad for treatment purposes as they are unsure about the success rate of the therapy in India. Several seats in private colleges are reserved for management quota, thus, blocking the seats of some deserving candidates. Although the number of medical seats has increased, it is still not sufficient because of the vast population of the country.
Impact of COVID-19:
Several private medical colleges were converted into COVID-19 hospitals in 2020. Most of them were used as quarantine centers for infected patients to remain isolated. The All India Council for Technical Education (AICTE) issued a circular instructing the listed institutes and colleges not to insist on payment of fees, including admission charges. However, in private colleges and deemed universities, medical students, many of whom are at the forefront of India's medical response to the COVID-19 pandemic, have received no such protection.
Government initiatives:
The Ministry of Health and Family Welfare (MOHFW) announced a centrally-sponsored scheme in 2021 to upgrade existing state/central government medical colleges to raise the number of MBBS seats. 90% of the investment is made by central government and the rest is borne by the states. Under public-private partnerships, the central government will fund the viability gap to the tune of 60% -80% of the cost of establishing medical colleges in existing district hospitals.
CHAPTER 1: EXECUTIVE SUMMARY
CHAPTER 2: SOCIO-ECONOMIC INDICATORS
CHAPTER 3: INTRODUCTION
3.1. Market definition and structure
3.2. Courses offered by private medical colleges in India
CHAPTER 4: MARKET – OVERVIEW
4.1. Private medical colleges market in India – An overview
4.1.1. Classification of medical colleges in India
4.1.2. Number of private medical colleges in India
4.1.3. Number of seats in private medical colleges
4.1.4. Number of seats in private medical colleges, state-wise
CHAPTER 5: COVID-19 IMPACT ANALYSIS
5.1. COVID-19 impact analysis
CHAPTER 6: MARKET INFLUENCERS
6.1. Market drivers
6.2. Market challenges
CHAPTER 7: GOVERNMENT INITIATIVES
7.1. Government initiatives
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Key players
8.1.1. Christian Medical College
Company information
Business description
Products/Services
Key people
Note: Similar information covered for all other companies on best-effort basis
8.1.2. Dayanand Medical College & Hospital
8.1.3. Dr D Y Patil Medical College Hospital and Research Centre
8.1.4. Hamdard Institute of Medical Sciences and Research
8.1.5. JSS Medical College and Hospital
8.1.6. Kalinga Institute of Medical Sciences
8.1.7. Kasturba Medical College
8.1.8. Ramaiah Medical College
8.1.9. Sri Ramachandra Institute of Higher Education and Research
8.1.10. St John's Medical College
CHAPTER 9: RECENT DEVELOPMENTS
9.1. Recent developments
CHAPTER 10: APPENDIX
10.1. Research methodology
10.2. About Netscribes
10.3. Disclaimer
COMPANIES PROFILED
Christian Medical College
Dayanand Medical College & Hospital
Dr D Y Patil Medical College Hospital and Research Centre
Hamdard Institute of Medical Sciences and Research
JSS Medical College and Hospital
Kalinga Institute of Medical Sciences
Kasturba Medical College
Ramaiah Medical College
Sri Ramachandra Institute of Higher Education and Research
St John's Medical College
CHAPTER 2: SOCIO-ECONOMIC INDICATORS
CHAPTER 3: INTRODUCTION
3.1. Market definition and structure
3.2. Courses offered by private medical colleges in India
CHAPTER 4: MARKET – OVERVIEW
4.1. Private medical colleges market in India – An overview
4.1.1. Classification of medical colleges in India
4.1.2. Number of private medical colleges in India
4.1.3. Number of seats in private medical colleges
4.1.4. Number of seats in private medical colleges, state-wise
CHAPTER 5: COVID-19 IMPACT ANALYSIS
5.1. COVID-19 impact analysis
CHAPTER 6: MARKET INFLUENCERS
6.1. Market drivers
6.2. Market challenges
CHAPTER 7: GOVERNMENT INITIATIVES
7.1. Government initiatives
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Key players
8.1.1. Christian Medical College
Company information
Business description
Products/Services
Key people
Note: Similar information covered for all other companies on best-effort basis
8.1.2. Dayanand Medical College & Hospital
8.1.3. Dr D Y Patil Medical College Hospital and Research Centre
8.1.4. Hamdard Institute of Medical Sciences and Research
8.1.5. JSS Medical College and Hospital
8.1.6. Kalinga Institute of Medical Sciences
8.1.7. Kasturba Medical College
8.1.8. Ramaiah Medical College
8.1.9. Sri Ramachandra Institute of Higher Education and Research
8.1.10. St John's Medical College
CHAPTER 9: RECENT DEVELOPMENTS
9.1. Recent developments
CHAPTER 10: APPENDIX
10.1. Research methodology
10.2. About Netscribes
10.3. Disclaimer
COMPANIES PROFILED
Christian Medical College
Dayanand Medical College & Hospital
Dr D Y Patil Medical College Hospital and Research Centre
Hamdard Institute of Medical Sciences and Research
JSS Medical College and Hospital
Kalinga Institute of Medical Sciences
Kasturba Medical College
Ramaiah Medical College
Sri Ramachandra Institute of Higher Education and Research
St John's Medical College
