Statistics, news & updates: everything you need to know about the Healthcare Industry in India

Healthcare Industry Expertise in India
  • Summary
  • Industry Clusters
  • Growth Drivers
  • Key Players
  • Market Stats


With a history of alternative and natural medicines dating back to centuries ago, the Healthcare sector in India today is diversified with doctors, hospitals, medical devices producers, medical equipment, health insurances, medical infrastructure and the growing industries of telemedicine and medical tourism. It has become one of India’s largest sectors both in terms of revenue and employment. Increasing disease burden and a growing healthcare awareness has led the demand for medical products and services rise in the last years. The economic prosperity also drives affordability of generic drugs in India. The Union Budget 2017-2018 increased allocation for the healthcare sector by almost 28% to $7 billion. The Indian government has allowed 100% FDI under the automatic route for hospitals, and up to 100% FDI in the medical devices sector. This gives large opportunities for foreign companies. With a large pool of well-trained medical professionals, the industry is expected to employ about 7.4 million people by 2022.

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Map – Industry Clusters

Map- Industry Clusters Healthcare

M+V Expertise

Within the Medical Industry M+V is dealing with

  • Bone Cements – 60% of customers served
  • Dental – 50% of customers served
  • Hospital Floor Cleaning and Hand Rubs – 70% of customers served
  • Total No. of articles: 1,545
  • Total No. of customers: 431
  • Total Throughput: USD 15 Mill

Growth Drivers

  • Rise in population, income and an increasing life expectancy are key growth drivers
  • Medical tourism experiences large growth and is expected to reach a market size of $8 billion in 2020
  • Over $200 billion to be spent on medical infrastructure in the coming decade
  • Patient pool expected to increase over 25% until 2025
  • India is emerging as a hub for R&D activities in the healthcare sector due to relatively low cost of clinical research

Key Players in India


  • Merck, Pacific Healthcare Singapore, Siemens Ltd., Care Hospitals (Quality Care India), Ivoclar Vivadent, Phillips Healthcare, Pfizer, Becton Dickinson, Hospira, Medtronic, Johnson&Johnson, B. Braun, Baxter


  • Max Hospitals, AIIMS, Apollo, Fortis Healthcare, Manipal Hospitals, Portea Medical, KMC Specialty Hospitals, Medanta, BLK, Lilavati Hospital, Breach Candy

Market Stats

  • Average annual growth rate of telemedicine is forecasted to be about 20% and is expected to reach $19 million by 2017
  • Medical device sector of India is the 4th largest of Asia and expected to touch $17.6 billion by 2020
  • Industry size expected to touch $176 billion in 2017, and $280 billion by 2020
  • Largest provider of generic medicines globally – 20% global exports
  • CAGR of telemedicine is forecasted to be about 20% and is expected to reach $32 million by 2020
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