Team Blitz India
NEW DELHI: As the world observed World Health Day on April 7, India celebrated significant milestones in its healthcare sector. The Union Health Ministry ‘s allocation of Rs 90,658.63 crore in the interim Budget for 2024-2025 reflects a 12.59 per cent increase, highlighting the Government’s prioritisation of healthcare expenditure.
Since 2016, the Indian healthcare industry has been on an upward trajectory, boasting a remarkable compound annual growth rate (CAGR) of around 22 per cent.
The hospital market in India, valued at USD 98.98 billion in 2023, is set to continue its upward trajectory, with projections indicating a CAGR of 8.0 per cent from 2024 to 2032. By 2032, the market is estimated to reach value of USD 193.59 billion.
In addition to the burgeoning hospital market, several other segments of the Indian healthcare industry are witnessing rapid growth.
