Be the first to like this
Complete Report is available @ http://www.marketoptimizer.org/countryfocus-healthcare-regulatory-and-reimbursement-landscape-india.html .
India is the second most populated country in the world with a population of approximately 1.22 billion in 2012, although the growth rate of the population is declining due to a decrease in the birth rate and an increase in net emigration. Unlike China and Japan, the working-age population accounts for the majority of the overall population. In order to derive maximum benefit, the government is currently working to develop human capital by increasing its spending on health and education. The country’s pharmaceutical market was estimated at $18.4 billion in 2012 and is expected to reach approximately $56 billion by 2020 at a Compound Annual Growth Rate (CAGR) of 15%, primarily attributed to -
• Increasing coverage of healthcare insurance
• Improving access to healthcare facilities
• Government initiatives for the prevention and management of communicable diseases