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Business Opportunities in India’s
Private Hospital Sector
Hospital service industry in India is growing very rapidly -
the...
www.finpro.fi/english-pages/opportunities-worldwide
www.finpro.fi
Christine Grumbach
Head of Health Technology sector
chri...
Finpro business opportunities in indias private hospital sector
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Finpro business opportunities in indias private hospital sector

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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.

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Transcript of "Finpro business opportunities in indias private hospital sector"

  1. 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. 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
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