Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Healthcare sector 2018-07-16

Factors Contributing Towards Growth Of Private Healthcare Sector

Indian Healthcare Industry Is Expected To Reach $275 Billion In The Coming 10 Years

By Content Writer
Factors Contributing Towards Growth Of Private Healthcare Sector

The private healthcare sector in India has always been known for its easier access to quality and reliable services. The growth is, however, owing to a number of factors that range from the consumer demand to the governmental support.

High-Quality Healthcare

The increased use of technology has allowed healthcare services to reach millions with improved operational efficiency. The innovative business models and competitive environment has paved way for providing quality healthcare services in a cost-effective manner. The private sectors are consistently adopting new and advanced technologies to offer better quality healthcare services to the patients. Particularly, telemedicine has increased the accessibility of healthcare services in rural areas by creating a network of quality health service providers.

Rising Income and Healthcare Expenditure

Owing to the rising income levels, more and more consumers willingly demand access to quality healthcare facilities. Moreover, easy access to medical insurance has further contributed positively to the affordability of healthcare and related services. In addition, the current demographics of the increasing ageing population are also a major contributing factor to higher healthcare expenditure and growth of the private healthcare sector in India.

Public Awareness of Health

The current healthcare sector is seeing a shift from communicable diseases to lifestyle diseases. Today’s urbanization and problems associated with modern living have replaced traditional health problems with lifestyle diseases, which have further increased the demand for specialized healthcare services. This has heightened the current generation’s awareness towards personal health and hygiene, as well as precautionary treatments. As a result, all of these have led to improved diagnostic treatments, resulting in increased hospitalization.

Governmental Factors

In the past decades, the government has significantly contributed to the growth of the private sector. To add to the fact, the Indian Government had subsidized private sector organizations by providing low rates for hospital establishments and giving exemptions from taxes and duties for imported medical equipment and drugs.

Medical Tourism

Medical tourism in India is becoming a billion-dollar business. Everything from cosmetic and regenerative treatments to cardiac treatment and other serious ailments is being handled successfully by the Indian private healthcare sector. High-end technology, advanced medical facilities, professionally qualified healthcare providers and relatively low-cost treatments are the reasons for the international recognition and growth of medical tourism in India. It has also encouraged international accreditation and private health insurance, bringing further changes in the financing and regulations of private hospitals

Related opportunities
  • Ice creams & Yogurt Parlors
    FROZEN RIBBONS are creamy ribbons of paper thin Ice-Cream. Awarded 'THE..
    Locations looking for expansion DUBAI
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dubai DUBAI
  • Quick Service Restaurants
    About Us: Started in Pune, The Egglicious Café is an emerging..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Others Dealers And Distributors
    Why open one Food or Beverage Outlet? When you can..
    Locations looking for expansion New Delhi
    Establishment year 1957
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Non Banking Financial Company (NBFC)
    GOLDCASH LIMITED – A Premium Business Opportunity with Promising Returns.. About us: Go..
    Locations looking for expansion Odisha
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Odisha
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts