India’s Healthcare Sector

By: admin | 08 Apr; 2022

India’s healthcare sector is among the country’s grandest in terms of revenue and employment. Growing at a compound annual growth rate (CAGR) of 22 per cent since 2016, the sector employs 4.7 million people directly, according to the latest NITI Aayog report. The primary strengths of India’s healthcare system include world-class hospitals and skilled medical professionals; low treatment costs compared to other countries; superior quality; strong ayurvedic and homoeopathic networks; and wellness services like yoga and meditation, among others. India is the fourth-largest medical devices market in Asia after Japan, China, and South Korea. The Indian medical devices market is estimated at $11 billion which is expected to grow to $50 billion by 2025, according to an IBEF report.