With factors like improving healthcare infrastructure and increasing spending, the healthcare industry in India will grow at a CAGR of 21% during 2011-2013, says RNCOS in its latest research report.
(prHWY.com) August 30, 2011 - NOIDA, India -- According to our new report, "Indian Healthcare - New Avenues for Growth", India is one of the fast emerging healthcare markets across the globe, mainly driven by factors, such as improving healthcare infrastructure, emergence of new delivery models, rise in healthcare expenditures, etc. The total value of Indian healthcare market was estimated at around US$ 69 Billion in 2010, an increase of 15% from the previous year. With total per head healthcare spending likely to reach over US$ 100 by 2013, the country is poised to witness substantial growth in healthcare industry. With the CAGR growth of around 21% during 2011-2013, the industry is likely to be worth around US$ 120 Billion by 2013.
We have revealed that India has emerged as one of the most lucrative medical tourism destinations in the world with factors, such as skilled healthcare professionals, cost-effective treatments, effective promotions, and private participation adding substantial benefits. It is estimated that by 2013, around 1.3 Million medical tourists will visit India, bringing in revenue worth nearly US$ 3 Billion.
The report "Indian Healthcare - New Avenues for Growth", provides an in-depth analysis of the Indian healthcare industry and sub-sectors, such as healthcare services, medical tourism, medical equipments, healthcare IT, among others. Each of these sectors has been analyzed in a prudent manner with the help of reliable statistics and effective monitoring of key developments. The report also illustrates the level of growth and important market characteristics in these segments, thereby ensuring that all the key aspects are covered.
The report is an outcome of an extensive research and prudent analysis of the Indian healthcare industry that properly investigates the current market trends and figures out their impact on the significant areas. The forecast in key areas makes use of proper base and effective methods & technologies so that future outlook may seem more realistic. For the forecasting, the report also takes into account the challenges, driving factors, private sector participation and other measures. Overall, the report is a complete package of information and knowledge to facilitate our clients on relevant issues.
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About RNCOS:
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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