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 Industry Brief

India Hospital Market to Cross US$189 Billion by 2020

Rising incidence of diseases, expanding middle class population and increasing awareness regarding
preventive care is driving India hospital market

According to Pharmaion report “India Hospital Market Forecast & Opportunities, 2020”, India
hospital market is forecast to cross US$ 189 billion by 2020.Increasing income levels of the middle
class population, and preference for high quality healthcare services offered by private hospitals;
demographic transition; changing consumer lifestyle; and increasing incidence of non-communicable
diseases, chronic and non-chronic diseases is fueling growth in India hospital market. Additionally,
rising penetration of health insurance schemes is further propelling growth in India hospital market.

In terms of ownership, private sector in India dominates the country’s hospital market. Over the
course of next five years, domestic as well as foreign private sector investments would be required in
order to pump revenue growth in India hospital market and meet the demand for high quality
healthcare services in the country. Availability of high quality healthcare services at cheaper costs
compared to developed countries is boosting growth in medical tourism, thereby driving hospital
market in the country. Growing medical tourism in India is encouraging healthcare providers to
maintain international standards in their facilities, and thereby offer healthcare service at par with
developed countries.

“Emergence of advanced technologies such as telemedicine, cloud computing and growing popularity
of day care surgery in India is projected to drive growth in India hospital market over the next five
years. Accessibility to healthcare services for rural population can be improved with the use of cloud
computing technologies, which not only increases accessibility of patient data across various
geographies, but also reduces delays in diagnosis and treatment by healthcare providers. Increasing
elderly population and lack of adequate number of healthcare professionals in hospitals is expected
to pump growth in demand for telemedicine services from hospitals, thereby enabling better access
to healthcare services in the country.”, said Mr. Karan Chechi, Research Director with Pharmaion, a 2
research based global management consulting firm.
© Pharmaion
 Ta b l e o f C o n t e n t s

S. No. Contents

1. Research Methodology

2. Analyst View

3. Hospital Overview

4. Global Hospital Market Overview

5. India Hospital Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Region

5.2.2. By Company

5.2.1. By Ownership (Government, Private, Others)

5.2.2. By Reach (Rural, Urban)

5.2.3. By Clinical Care (Multispecialty, General, Single speciality, Others)

6. India Multispecialty Hospital Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Reach

6.2.2. By Ownership
3
7. India General Hospital Market Outlook
© Pharmaion
 Ta b l e o f C o n t e n t s

S. No. Contents

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Reach

7.2.2 By Ownership

8. India Single Specialty Hospital Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Specialization

8.2.2. By Reach

8.2.3. By Ownership

9. India Hospital Industry Space Analysis

10. India Hospital Value Chain Analysis

11. India Hospital Investment Landscape

12. Market Dynamics

12.1.1 Drivers

12.1.2. Challenges

13. Market Trends & Developments

13.1. Increasing Adoption of Day Care Surgery 4

13.2. Foray of Cloud Computing Technologies in Hospitals
© Pharmaion
 Ta b l e o f C o n t e n t s

S. No. Contents
13.3. Growing Popularity of Telemedicine Services
13.4. India – A Popular Medical Tourism Destination
13.5. Increasing Number of Public Private Partnerships for Hospitals
14. Policy & Regulatory Landscape
15. India Economic Profile
16. Competitive Landscape
16.1. Competition Benchmarking (Market Attractiveness)
16.1.1. By Affordability
16.1.2. By Accessibility
16.2. Company Profiles
16.2.1. Fortis Healthcare Limited
16.2.2. Apollo Hospitals Enterprises
16.2.3. Narayana Health
16.2.4. Manipal Hospitals
16.2.5. All India Institute of Medical Sciences
16.2.6. Post Graduate Institute of Medical Education & Research (PGIMER)
16.2.7. CARE Hospitals
16.2.8. Max Healthcare Institute Limited
16.2.9. Wockhardt Hospital Pvt. Ltd.
16.2.10. Medanta- The Medicity
17. Strategic Recommendations
5
18. About Us & Disclaimer
© Pharmaion
 Research Methodology

Baseline Methodology :

For the study, Pharmaion has gathered information through primary research with respondents in Hospital

Industry across India, followed by external validation of the information by interviewing hospital administrators.

We also gathered insights through an exhaustive search of credible paid databases and our internal database.

Our team of analysts has prudently evaluated all the collected information and presented the same in

chronological order to depict a meaningful and clear picture of hospital market in India.

While compiling the data, we have also validated all the collected information from multiple sources and data

warehouses, in order to present the most accurate and precise information of the concerned industry. The

information has then been verified through primary research surveys with competitors to arrive at logical

figures.

Hospitals Interviewed

Apollo Hospitals, Fortis Healthcare, Max Healthcare, Narayan Health, CARE Hospital, Medanta Medicity, Wockhardt Hospitals

Sources :
Company Websites, Company Annual Reports, Government database (NSSO, Government of India Planning
6
Commission, Ministry of Commerce & Industry), WHO reports
© Pharmaion
 Sample Data - Snapshot
India Hospital Market Size, By Volume, 2010-
India Private Hospital Market
India Hospital Market share, By Ownership, By
2020F (Number of Beds in Millions) 13
12 Share, By Company, By
11 Volume (Number of Beds), 2014
10 Volume (Number of Beds),
8 9
6 2020F
5 15.00% Fortis
3 4
Healthca
2 34.00% 33.00% 20.00% re
15.00%
Apollo
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F Hospital
s
33.00%
India Hospital Bed Density, By State, 2014 15.00%
Narayan
(Number of Beds Per Thousand People) 15.00%
a Health
Private Hospital Governement Hospital Others 1…
12 13
11
10 List of Some Hospital Projects by
9 Market Attractiveness
8 State or Central Government
7
6
5
4 Project Place Project
3
2 Estimat
1 ed cost
X Kerala X

X Sannidh X
anam,
Kerala
X Mysore X
India Hospital Market Share, By Region, By Volume Lo Medium High
w
(Number of beds), 2010-2020F
OWNERSHIP STRUCTURE,
X Karnatak X
34.00% 34.01% 34.02% 34.03% 34.04% 34.05% 34.06% 34.07% 34.08% 34.09% 34.10% March 2015
a

24.00% 24.01% 24.02% 24.03% 24.04% 24.05% 24.06% 24.07% 24.08% 24.09% 24.10% X Waranga X
Promote l, Andhra
Public r and Pradesh
20.00% 20.10% 20.20% 20.30% 20.40% 20.50% 20.60% 20.70% 20.80% 20.90%
21.00% shareholding, Promote
18.00% 18.01% 18.02% 18.03% 18.04% 18.05% 18.06% 18.07% 18.08% 18.09% 18.10% X% r
Group,… X Tamil X
Nadu
7
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
East West North South © Pharmaion
 Report Ordering

Report Name: India Hospital Market Forecast and

Opportunities, 2020

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 About Us & Disclaimer

About Us
Pharmaion is a research based management consulting firm focused exclusively on Healthcare & Pharmaceutical industry.

Pharmaion’s core values are value, integrity and insight. Led by a team of dynamic industry experts, Pharmaion provides its customers
with high value market research and advisory services that help them identify new market opportunities, growth engines and
innovative ways to capture the market share. As a result, Pharmaion’s clients lead rather than follow market trends. Not bound by
legacy, Pharmaion’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as
engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, Pharmaion’s reports
do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

Pharmaion is committed to assisting customers worldwide with their unique market research needs by providing them with
comprehensive, value-added solutions and professional market intelligence services. Pharmaion employs the industry’s best-trained
industry Analysts and Consultants, which advise and assist customers in meeting their full service market research and consulting
requirements.

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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made
that it is timely, accurate or complete. Pharmaion Consultants has taken due care and caution in compilation of data as this has been obtained from
various sources including which it considers reliable and first hand. However, Pharmaion Consultants does not guarantee the accuracy, adequacy or
completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and
especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates
and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s
internal consumption. Usage of the same for purpose other than internal will require prior approval of Pharmaion Consultants.

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