Practice Area: Biomedical

Biomedical & Healthcare Opportunities in India

The Indian healthcare industry is experiencing a rapid transformation. According to a World Health Report, India spends about 5.2% of its GDP on the healthcare sector, which is expected to rise to 6.1% of GDP by 2012. The Indian healthcare industry is estimated at $35 billion and is expected to reach over $75 billion by 2012. The medical equipment market is growing at an impressive rate of 15%. Hospital facilities depend on the import of high-end medical equipment.

Picture Courtesy World Bank

In India, healthcare is delivered through both the public & private sectors. The private sector’s contribution to healthcare has been growing at a faster pace than that of the government. There are no restrictions on foreign direct investment in healthcare services.

India's population of over 1 billion people is growing at a rate of 2.5% per year. Of that total, about 200-300 million people have both the demand for, and the discretionary income to purchase, private health care services. The National Rural Health Mission 2005-2020 aims to provide medical care to all rural Indians. Not only providers but also global private equity and venture capital funds are vying to explore opportunities. The demand for medical equipment is expected to reach $5 billion by 2012. Imports account for over 65 percent of the entire medical equipment market, of which 85% is from the United States. The  Central Drug Standard Control Organization, has listed devices for regulation www.cdsco.nic.in

Sources: US ITA, Media, Proprietary Reports.