India’s Healthcare Industry: Hidden Opportunities

As the population is switching their way towards a healthy lifestyle, more number of investors are entering the wellness industry, especially the healthcare sector.

Undoubtedly, the healthcare sector is emerging as one prime unit of the wellness industry, marking its presence globally. The demand for improvement in healthcare facilities is directly proportional to the increasing population, which is causing the segment to transform constantly.

The Indian healthcare sector is rapidly growing, becoming one of the largest sectors in terms of revenue and employment. The growing number of diseases based on lifestyles has raised the demand for affordable healthcare brands.

Statistics

The Indian Healthcare Industry might witness a jump to $372 billion by the end of the year 2022. However, the stat is expected to change because there are several challenges present in the industry.

Challenges

One major challenge for this segment is the growing population of India. From 760 million in 1985 to 1.8 billion in 2017, the growing population demands continuous growth and improvement in the healthcare facilities.

In addition, infrastructure and rural-urban disparity are other factors influencing the rise of the healthcare industry.

Opportunities

While challenges making a sound in the industry, the Indian healthcare industry has numerous opportunities, assumed to flourish in the upcoming years.

Computers and mobile-based services are flourishing in the healthcare industry, offering plenty of opportunities for the entrepreneurs. Along the private firms, the ministry of health and family welfare are also contributing for the industry to expand.

E-Raqtkosh and Swastha Bharat mobile application are few initiatives taken from the Government of India.