Healthcare sector may touch Rs8.6 tln by FY22
Mumbai: The healthcare industry is expected to grow annually at 16-17 per cent to reach to Rs 8.6 trillion by FY22 on the back of the Centre's Ayushman Bharat scheme which if implemented successfully can go a long way in meeting the severe shortage of healthcare infrastructure, say a brokerage report.
The significant interest seen in acquiring Fortis Healthcare from multiple players both domestic as well as international ones including non-healthcare companies clearly signifies the attractiveness of the domestic healthcare industry, says the report. Hospitals are expected to grow at 16-17 per cent CAGR to reach to Rs 8.6 trillion by FY22 from Rs 4 trillion in FY17. That means if the above scheme is implemented successfully, healthcare delivery market can grow multi-fold, the report added. Interestingly, the present strength of doctors in the country can handle about double the current beds considering the ratio of beds per doctors in other emerging nations and also global average.