Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

India Hospital Market Outlook:

The India hospital market size was valued at USD 98.98 billion in 2023, driven by the rise in the prevalence of chronic and infectious diseases across India. The market size is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 164.4 billion by 2032.

India Hospital Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 98.98
Market Size 2032 USD Billion 164.4
CAGR 2018-2023 USD Billion XX%
CAGR 2024-2032 USD Billion 5.8%
CAGR 2024-2032 - Market by Region Regional 7.5%
CAGR 2024-2032 - Market by Bed Capacity Large Hospital (More than 300 Beds) 6.5%
CAGR 2024-2032 - Market by Type of Services In-patient Services 6.6%

Hospital: Introduction

Hospitals are healthcare institutions which provide treatments and health facilities like diagnosis, medical testing and sampling, and patient admissions in conditions where the patient is required to be put under observation for more than a day. Hospitals has different facilities and dedicated trauma departments, emergency departments, intensive care units and multiple others to take care of maximum patients at a time. The larger the hospital, maximum the staff members to provide the healthcare services. These staff members are doctors, nurses, ward members, assistants, healthcare specialists and receptionists, janitors to take care of the sanitation of hospitals.

India Hospital Market Analysis

The major trends influencing the market growth include the increasing demand for healthcare services. Due to these factors the healthcare expenditure in India has been growing. The growing preference of getting treated at a private health institution is further expected to fuel the India hospital market expansion. The increased adoption of artificial intelligence and machine learning in Indian hospitals is surging and contributing to the market growth. These technologies can help the manage multiple tasks such keeping patient records, creating personalized healthcare treatments, keep track of bill payments among other benefits.

The surge of telemedicine has also supported the India hospital market growth. The increased use of wearable devices which are used to continuously monitor patients’ critical health related data. Wearables may include embedding medical devices into patients’ body along with other devices that are put on a person’s body. These devices provide real-time information on patient's health data even when they stay at home.

India Hospital Market Segmentations

Market Breakup by Ownership

  • Public 
  • Private 
  • Semi - Government Hospital 
  • Voluntary Agency Hospital

Market Breakup by Type

  • General 
  • Multi- Specialty 
  • Specialty  
  • Teaching Cum Research Hospital 
  • Market Breakup by Type of Care 
  • Primary Care 
  • Secondary Care 
  • Tertiary Care

Market Breakup by Type of Care

  • Primary Care
  • Secondary Care
  • Tertiary Care

Market Breakup by Bed Capacity

  • Small Hospital (Up to 100 Beds) 
  • Medium Hospital (101-300 Beds) 
  • Large Hospital (More than 300 Beds)

Market Breakup by Type of Services

  • In-patient Services 
  • Outpatient Services

Market Breakup by Regionality

  • Regional
  • District  
  • Rural 
  • Others
CAGR 2024-2032 - Market by Regions
Regional 7.5%
District XX%
Rural XX%
Others XX%

India Hospital Market Overview

The major factors driving the market growth include the increasing prevalence of chronic and infectious diseases, due to which the number of patients who require treatment has also increased. The increased prevalence of disease is directly proportional to the number of patients, and the increased demand of hospitals in the country is also due to the increasing patient population in the nation. This has also increased the number of people who are choosing to buy health insurance to make good use of their incomes and take care of their health. This factor in turn has indirectly contributed to the India hospital market development.

Due to the fact that people are now more aware of the importance of health insurance than ever the health insurance companies are also emerging. The government of India increasing the FDI limits and declaring funds in the benefit of healthcare market of India has also improved the overall status of these health insurance companies to contribute to the growth of the India hospital market.

India Hospital Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

  • Apollo Hospitals Enterprise Limited 
  • Max Healthcare Institute Limited 
  • Fortis Healthcare Limited 
  • Narayana Health 
  • Aster DM Healthcare Limited 
  • Shalby Limited 
  • Medanta The Medicity Global Health Pvt Ltd 
  • Tata Memorial Center (TMC) 
  • All India Institute of Medical Science (AIIMS) 
  • Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute 
  • Sir Ganga Ram Hospital 
  • Lilavati Hospital & Research Centre

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Ownership
  • Type
  • Type of Care
  • Bed Capacity
  • Type of Services
  • Regions
Breakup by Ownership
  • Public 
  • Private 
  • Semi - Government Hospital 
  • Voluntary Agency Hospital
Breakup by Type
  • General 
  • Multi- Specialty 
  • Specialty  
  • Teaching Cum Research Hospital
Breakup by Type of Care
  • Primary Care
  • Secondary Care
  • Tertiary Care
Breakup by Bed Capacity
  • Small Hospital (Up to 100 Beds) 
  • Medium Hospital (101-300 Beds) 
  • Large Hospital (More than 300 Beds)
Breakup by Type of Services
  • In-patient Services 
  • Outpatient Services
Breakup by Regions
  • Regional
  • District  
  • Rural 
  • Others
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Apollo Hospitals Enterprise Limited 
  • Max Healthcare Institute Limited 
  • Fortis Healthcare Limited 
  • Narayana Health 
  • Aster DM Healthcare Limited 
  • Shalby Limited 
  • Medanta The Medicity Global Health Pvt Ltd 
  • Tata Memorial Center (TMC) 
  • All India Institute of Medical Science (AIIMS) 
  • Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute 
  • Sir Ganga Ram Hospital 
  • Lilavati Hospital & Research Centre

India Hospital Market Report Snapshots

India Hospital Market Size

India Hospital Market Analysis

India Hospital Companies

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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of USD 98.98 billion in 2023, driven by the rising demand for care and treatment owing to the rising prevalence of chronic disorders and emergencies.

The market is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to attain a value of USD 164.4 billion by 2032.

The increasing prevalence of chronic and infectious diseases and increasing patient population are among the major factors driving the market growth.

The increased adoption of artificial intelligence and machine learning in Indian hospitals is a key trend for the market.

The major regions of the market include regional, district, rural, among others.

The different types of hospitals in India include general, multi- specialty, specialty, teaching cum research hospital.

The different ownerships of Indian hospitals are public, private, semi - government hospital, voluntary agency hospital.

The bed capacities offered by Indian hospitals include small hospital (up to 100 beds), medium hospital (101-300 beds), large hospital (more than 300 beds).

The type of services in the hospitals include in-patient services and out-patient services.

Key players involved in the market are Apollo Hospitals Enterprise Limited, Max Healthcare Institute Limited, Fortis Healthcare Limited, Narayana Health, Aster DM Healthcare Limited, Shalby Limited, Medanta The Medicity Global Health Pvt Ltd, Tata Memorial Center (TMC), All India Institute of Medical Science (AIIMS), Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Sir Ganga Ram Hospital, and Lilavati Hospital & Research Centre.

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