Hospital service industry in India is growing very rapidly - the private hospital sector is expected to grow its capacity at an annual rate of about 24% until 2020. Factors accelerating growth are large investments by existing private hospital chains and the entry of new players backed by private equity investors.

1. Business Opportunities in India’s
Private Hospital Sector
Hospital service industry in India is growing very rapidly -
the private hospital sector is expected to grow its capacity at
an annual rate of about 24% until 2020. Factors accelerating
growth are large investments by existing private hospital
chains and the entry of new players backed by private equity
investors. The rise of the medical tourism industry is also
influencing growth in India’s healthcare sector - for hospitals,
medical tourism is an important source of revenue that is
currently worth USD 2 billion and growing at an annual rate
of 20%.
Another factor affecting India’s hospital sector is the
country-wide trend towards green buildings, a market sector
currently valued at USD 30 billion with annual growth of
10-15% expected in the next ten years. India already has
a number of green hospitals - such as the Kohinoor City
Hospital in Mumbai and the Max Balaji Hospital in Delhi - and
private hospital chains are planning to build more.

2. www.finpro.fi/english-pages/opportunities-worldwide
www.finpro.fi
Christine Grumbach
Head of Health Technology sector
christine.grumbach@finpro.fi
+358 20 4695 751
Seppo Keränen
Regional Sales Manager
seppo.keranen(a)finpro.fi
+358 400 535 907
Apollo Hospitals plans to increase its number of beds by 1,000
in seven locations this year. Ongoing expansion projects include
new establishments in the cities
of Mumbai, Patna, Vishakapatnam
and Indore and strengthening the
company’s healthcare clusters in
Chennai and Bangalore.
Fortis Healthcare is planning to add
850 beds in the next 12 months, 450
of which will be in the group’s flagship
next-generation hospital in Gurgaon.
Manipal Hospital is planning to
expand its three hospitals in the town
of Manipal in Karnataka state by doubling the number of beds
to 1,600. The company’s expansion plans include establishing
hospitals in Bangalore - one near Bengaluru International
Airport and another in the district of Whitefield.
CARE Hospitals plans to invest some USD 64 million over the
next two and half years to expand its network and grow as
an integrated healthcare provider. Plans
include doubling bed capacity to 3,200 in
the next three years. CARE hospitals are
under construction in Gachibowli (300
beds) and Vishakapatnam (300 beds) in
Andhra Pradesh, in Bhubaneshwar (200
beds) in Orissa, and in Raipur (425 beds)
in Chattisgarh.
Could growth for your company come
from India? Finpro has long experience
of Indian markets and extensive local
knowhow. Our experts have wide-ranging
contact networks and can help you access decision makers
in India’s private hospital chains. To seize these business
opportunities, contact us for further information.
Business Opportunities in India’s Private Hospital Sector