India presents both opportunities and significant challenges in the healthcare sector. The private sector is likely to contribute 80-85 percent of the $86 billion healthcare investment required by 2025. As a result, these private players can capitalize on the opportunity to expand. High upfront investments, long gestation periods, and rising real estate costs are compelling private players to innovate with business models and to expand into under-penetrated Tier II and Tier III cities. Government support plays a significant role in the overall development and growth of the sector. Considerable challenges exist in terms of service accessibility and patient care quality. An ageing population of over 100 million, rising incidences of lifestyle diseases, growing incomes and increased penetration of health insurance are fueling industry growth. The Indian population of over one billion is growing at a rate of 1.6 percent per year. In addition, changing demographics, disease profiles, and the shift from chronic to lifestyle diseases in the country has led to increased spending on healthcare delivery. This growth will be driven by healthcare facilities, private-public projects, medical diagnostic and pathological laboratories, and the health insurance sector. The industry is rapidly developing, fueled by large investments from existing corporate hospital chains and new entrants backed by private equity investors. The market is dominated by private players. The $150 billion market in 2018 is expected to reach $280 billion by 2022 due to increased demand for specialized and quality healthcare facilities. Healthcare in India comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. Rapid economic growth, rising middle class incomes, and a surge in lifestyle diseases have created a booming life science market. Though this change has been underway for many years it has become significantly visible in the last decade, with a renewed thrust from both the government and a growing market for healthcare services and products. The Indian healthcare industry is experiencing a rapid change and has become one of India’s largest sectors, both in terms of revenue and employment. India - Licensing Requirements for Professional Services Licensing Requirements for Professional Services India - Import Requirements and Documentation India - Web Resources: Customs, Regulations, & Standards India - Mining & Mineral Processing Equipment India - Information and Communication Technology Leading Sectors for US Exports & Investments India - Using an Agent to Sell US Products and Services
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