Indian healthcare industry growing at 30% every year – Assocham
Indian health care market is over Rs. 1500 crores and growing at the rate of 30% every year. India offers world-class health care facilities at moderate costs, which has helped to give a boost to the health industry. Not only the costs are low, but the quality of medical and healthcare services are improving, thereby attracting people from different corners of the world.
According to industry estimates, the sector is expected to grow rapidly over the next decade to reach a level of Rs. 3,00,000 crores by 2012, largely spurred by an increased corporate presence in the sector.
The healthcare industry employs over four to five million people, which makes it one of the largest service sectors in the economy. At the current pace of growth, healthcare tourism alone can rake in over USD 2 billion as additional revenue by 2012.