Healthcare has become one of the largest sectors in India in terms of employment as well as revenue. The healthcare industry includes medical device manufacturers, medical tourism, telemedicine, clinical trials, outsourcing industry, and health insurance providers. The healthcare industry in India is expected to reach $372 billion by 2022, driven by rising incomes, greater health awareness, and increasing lifestyle diseases. The healthcare spending as a percentage of Gross Domestic Product (GDP) is on rise, which presents an ample opportunity for the growth of the Indian healthcare industry. The expenditure by government on the health sector has grown to 1.4% in 2018 from 1.2% in 2014. Further, the Indian Government has planned to increase public health spending to 2.5% of the GDP by 2025.

The healthcare industry experiences a vast number of R&D activities due to the rising number of diseases and viruses across the country. The hospital & diagnostic centers attracted Foreign Direct Investment of $6.625 billion during the period April 2000-December 2019. For instance, the value of merger and acquisition deals in hospital sector rose 155% at $1.09 billion in 2019.

India presents a number of opportunities for healthcare industry players. The healthcare industry is one of the fastest growing industries in India and is projected to hit $280 billion by 2020. The healthcare industry of India is much diversified and is full of opportunities in every field. With the intensifying competition, industry players are looking for the latest dynamics & trends that will have positive impact on their business as well as revenue stream. 

The industry is growing rapidly owing to its strengthening coverage and increasing expenditure by public & private players. Increasing incidence of lifestyle diseases, rising demand for affordable healthcare delivery systems, technological advancements, and the emergence of telemedicine are driving the growth of the healthcare industry in India.

We provide custom reports which include a comprehensive analysis of each sector of the healthcare industry. 

The Categories Covered in the Healthcare Domain Include 

• Medical Devices
• Pharmaceuticals
• Biotechnology
• Healthcare IT

The breakthroughs in Medical Technology has focused on clinical outcomes, which, in turn, has resulted in a radical transformation in patient care. For instance, minimally-invasive or completely non-invasive medical devices have significantly reduced the recovery time and resulted in a declining medical cost. Our team tracks vital medical devices markets such as Surgical Devices, Cardiovascular Devices, Therapeutic Devices, Wearable Medical Devices, Mobility Assist Devices, Orthopedic Devices, Neuromodulators, and many others. The report study provided by us gives an in-depth analysis of each market covered in this category.

The Pharmaceutical Industry in India is experiencing constant growth owing to the increase in life expectancy coupled with the rising incidences of a number of chronic and infectious diseases. There is a gradually increasing demand for novel drugs which has given a boost to the R&D investments in the pharmaceutical industry. Leading market players invest around 25% of their turnover to R&D in order to maintain a competitive edge. Furthermore, a new arena for drug discovery has been discovered with the emergence of biopharmaceuticals. The breakthroughs in proteomics and genomics have encouraged drug manufacturers to develop more effective drugs and therapies. We track vital pharmaceutical markets such as Cardiovascular drugs, Oncology Drugs, Respiratory Drugs, Pregnancy Care Drugs, Alzheimer’s Drugs, and many others. The report study provided by us gives an in-depth analysis of each market covered in this category.

Development in the Biotechnology Industry has revolutionized the healthcare industry. In the healthcare industry, biotechnology is used for developing powerful new therapeutics for the prevention, management, and cure of any disease. Biotechnology instrumentation finds applications in chemotherapy, immunoassay, mass spectrometry, and others. Biotechnology tools have revolutionized the fields of drug discovery & development, drug delivery, and precision medicine with a rise in bioinformatics and pharmacogenomics. We provide a report in this category which includes new and emerging fields of Proteomics, Genomics, Biomarkers, Bioinformatics, Biomaterials, and Biosimilars.

Healthcare IT has emerged as a promising development that has completely transformed the healthcare system from paper-based to digitized. Increasing pressures to cut healthcare costs, increasing demand to integrate IT services in healthcare systems, and government initiatives such as e-health are the major factors driving the Healthcare IT Industry. Commonly used Healthcare IT solutions include Electronic Health Records, Electronic Prescribing, Clinical Decision Support, and many more. 

We provide the details about the development of hardware, software & services with applications in Clinical Trial Management, Healthcare Delivery, Medical Device Industry, and Pharmaceutical Industry.