Report Ocean recently published a thorough analysis of the India private hospital market research report. The study evaluates factors, including Covid-19 impact, size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. Additionally, it forecasts regional market growth and charts the market’s evolution over time.
Obtain a comprehensive report that includes a complete TOC and more than 100 tables, figures, and charts. – A thorough analysis of the pre-and post-Covid-19 market outbreak’s impact.
According to “our most recent research report on the market is experiencing significant global growth. The research includes a prognosis for the year up to 2032 as well as an exhaustive analysis of the market’s current dimensions, developing trends, market share, and economic assessment.”
Overview of private hospitals:
Private hospitals play a vital role in India’s healthcare ecosystem, serving approximately 70% of the rural population and 80% of urban residents. The market for private hospitals is expanding due to factors such as high disposable income, population growth, and changing disease profiles. Additionally, the Ayushman Bharat initiative has bolstered healthcare, spanning from primary to tertiary care. In FY 2021, the private hospital sector was valued at INR 9,995.06 billion. It is projected to reach INR 25,429.49 billion by FY 2027, with a compound annual growth rate (CAGR) of approximately 20.53% during the FY 2021 – FY 2027 period.
Impact of Covid-19
The second wave of Covid-19 had a notable impact on the private hospital sector, leading to a decline in patient footfall, both domestically and internationally. High infection rates and lockdowns necessitated the suspension of non-emergency services and outpatient department (OPD) and inpatient department (IPD) services. The medical tourism sector also experienced a downturn due to travel restrictions.
Despite the initial decline in patient numbers, signs of recovery emerged as lockdown restrictions eased by the end of July 2021, resulting in increased hospital occupancy rates. While the initial setback posed challenges for India’s primary healthcare system, several key changes in the sector, such as operational flexibility, improved health insurance offerings, and cost-effective medical tourism options, are expected to strengthen the private hospital sector in the long run. Ocean