Base Year
Historical Year
Forecast Year
The India hospital market size was valued at USD 98.98 billion in 2023, driven by the rise in the prevalence of chronic and infectious diseases across India. The market size is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 164.4 billion by 2032.
Hospitals are healthcare institutions which provide treatments and health facilities like diagnosis, medical testing and sampling, and patient admissions in conditions where the patient is required to be put under observation for more than a day. Hospitals has different facilities and dedicated trauma departments, emergency departments, intensive care units and multiple others to take care of maximum patients at a time. The larger the hospital, maximum the staff members to provide the healthcare services. These staff members are doctors, nurses, ward members, assistants, healthcare specialists and receptionists, janitors to take care of the sanitation of hospitals.
The major trends influencing the market growth include the increasing demand for healthcare services. Due to these factors the healthcare expenditure in India has been growing. The growing preference of getting treated at a private health institution is further expected to fuel the India hospital market expansion. The increased adoption of artificial intelligence and machine learning in Indian hospitals is surging and contributing to the market growth. These technologies can help the manage multiple tasks such keeping patient records, creating personalized healthcare treatments, keep track of bill payments among other benefits.
The surge of telemedicine has also supported the India hospital market growth. The increased use of wearable devices which are used to continuously monitor patients’ critical health related data. Wearables may include embedding medical devices into patients’ body along with other devices that are put on a person’s body. These devices provide real-time information on patient's health data even when they stay at home.
Market Breakup by Ownership
Market Breakup by Type
Market Breakup by Type of Care
Market Breakup by Bed Capacity
Market Breakup by Type of Services
Market Breakup by Regionality
The major factors driving the market growth include the increasing prevalence of chronic and infectious diseases, due to which the number of patients who require treatment has also increased. The increased prevalence of disease is directly proportional to the number of patients, and the increased demand of hospitals in the country is also due to the increasing patient population in the nation. This has also increased the number of people who are choosing to buy health insurance to make good use of their incomes and take care of their health. This factor in turn has indirectly contributed to the India hospital market development.
Due to the fact that people are now more aware of the importance of health insurance than ever the health insurance companies are also emerging. The government of India increasing the FDI limits and declaring funds in the benefit of healthcare market of India has also improved the overall status of these health insurance companies to contribute to the growth of the India hospital market.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Ownership |
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| Breakup by Type |
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| Breakup by Type of Care |
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| Breakup by Bed Capacity |
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| Breakup by Type of Services |
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| Breakup by Regions |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 98.98 billion in 2023, driven by the rising demand for care and treatment owing to the rising prevalence of chronic disorders and emergencies.
The market is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to attain a value of USD 164.4 billion by 2032.
The increasing prevalence of chronic and infectious diseases and increasing patient population are among the major factors driving the market growth.
The increased adoption of artificial intelligence and machine learning in Indian hospitals is a key trend for the market.
The major regions of the market include regional, district, rural, among others.
The different types of hospitals in India include general, multi- specialty, specialty, teaching cum research hospital.
The different ownerships of Indian hospitals are public, private, semi - government hospital, voluntary agency hospital.
The bed capacities offered by Indian hospitals include small hospital (up to 100 beds), medium hospital (101-300 beds), large hospital (more than 300 beds).
The type of services in the hospitals include in-patient services and out-patient services.
Key players involved in the market are Apollo Hospitals Enterprise Limited, Max Healthcare Institute Limited, Fortis Healthcare Limited, Narayana Health, Aster DM Healthcare Limited, Shalby Limited, Medanta The Medicity Global Health Pvt Ltd, Tata Memorial Center (TMC), All India Institute of Medical Science (AIIMS), Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute, Sir Ganga Ram Hospital, and Lilavati Hospital & Research Centre.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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