India’s highly diversified healthcare sector is an attractive investment avenue, with high growth rate recorded in new segments like telemedicine and medical tourism, besides hospitals, medical devices and equipment, health insurance, diagnostics, clinical trials, and the pharmaceuticals industries.
India is now within the top five economies in the world and is witnessing rising incomes and rapid urbanization. These factors have given way to sedentary lifestyles, which are increasingly inducing diseases caused by high blood sugar, high cholesterol, obesity, alcohol consumption, etc. This has in turn popularized the concept of preventive healthcare, necessitating the provision of specialized healthcare services and establishment of super specialty hospital networks.
Moreover, the outbreak of COVID-19 exposed major gaps in India’s healthcare capabilities, and highlighted massive investment opportunities for hospital infrastructure, insurance, pharmaceutical manufacturing and R&D, technology-enabled service industries, and human capital growth.
In this issue of India Briefing magazine, we provide readers with an overview of India’s healthcare ecosystem, major trends in the domestic healthcare market, and scope for medical tourism. This is followed by a spotlight on the role played by technological innovation in overcoming long-term challenges plaguing the country’s healthcare infrastructure. Finally, we identify the tax incentives available to the sector and major enabling policies.
For assistance in doing business in India or queries about entering the country’s healthcare market, please contact us at india@dezshira.com.
