The Indian healthcare sector is one of the most booming
sectors in terms of revenue and employment creation. It includes hospitals,
medical devices, health insurance, telemedicine, clinical trials, medical
tourism, and medical equipment. Rising cases of lifestyle-related illnesses,
the demand for affordable healthcare services, technological advancements, and
the penetration of health insurance are some of the key growth drivers for this
sector.
The sector is also drawing fresh investment by domestic as well
as foreign private equity firms. Investors are taking a keen interest to
engage in this investment opportunity to develop hospital chains, diagnostic
labs, and medical equipment.
The following points show why the Indian healthcare sector
will continue to attract investment in 2021:
·
Health
Insurance – Over the past few years, there has been a significant increase
in awareness of health insurance products that resulted in the launch of
affordable insurance products in the market. The Indian government has also
launched the world’s largest government-funded healthcare insurance program.
These developments are likely to improve the affordability of medical expenses.
·
Infrastructure
– The huge shortfall in the number of hospital beds and availability of
advanced diagnostic equipment is creating a huge demand for large hospital
chains, specialty centers, and other facilities to create the related
infrastructure to meet the growing demand.
·
Technology
Penetration – Online technology platforms facilitating consultation to
remotely located patients are in high demand especially in areas where the
availability of medical professionals is limited.
·
Medical
Tourism – The Indian healthcare sector has become a preferred destination
for foreign patients due to the quality medical services available at a lower
cost compared to the developed countries. The continuous flow of foreign
patients will contribute to the development of the overall economy of this
sector.
·
Opportunities
in Smaller Cities – An increase in per capita income over the last few
decades has increased the spending power for quality healthcare. Unlike big
cities, where availability and utilization of health infrastructure are high,
smaller cities are providing a huge opportunity to set up the entire
infrastructure. Many big hospitals have already started expanding in small
cities by creating small centers and partnering with local reputed doctors.
Comments
Post a Comment