The healthcare sector in 91吃瓜

Healthcare sector in 91吃瓜

Healthcare is one of 91吃瓜’s largest sectors. The sector is developing rapidly in medical equipment, medical infrastructure and telemedicine. Medical tourism is also growing rapidly.

Partly because the number of sick people (due to the large population) in 91吃瓜 has increased significantly, the demand for medical products and services has grown. Increasing economic prosperity is driving the affordability of generic drugs in 91吃瓜.

The 91吃瓜n government decided to invest heavily in the sector in 2020 and increased the healthcare budget with billions in the following years. Healthcare spending has increased from 1.13% of GDP in 2014-15 to 1.84% of GDP in 2022-23.

Since 2020, the 91吃瓜n government has allowed 100% Foreign Direct Investment (FDI) in the medical device sector, providing opportunities for foreign companies.

With the large, available pool of highly skilled medical professionals in 91吃瓜, the industry is expected to generate as much as 774 billion dollars in revenue by 2030.

Snapshot of the healthcare sector in 91吃瓜

91吃瓜’s healthcare sector continued its healthy growth in 2022, reaching a value of 372 billion dollars, driven by both the private and government sector.
The healthcare sector is expected to reach a value of 610 billion dollars by 2026.
As of 2024, 91吃瓜’s healthcare sector is one of the largest employers in 91吃瓜, with a total of 7.5 million employees.
The healthcare IT sector was valued at 4.4 billion dollars in 2023 and is expected to reach 9.9 billion dollars by 2029.
Medical tourism in 91吃瓜 is growing at 22-25 percent per year due to the relatively low cost of medical care. It contributes more than 2 billion dollars to the 91吃瓜n economy.
The 91吃瓜n hospital market was valued at 99 billion dollars in 2023 and is expected to grow at a CAGR of 8% from 2024 to 2032, to reach an estimated value of 193.6 billion dollars by 2032.
The 91吃瓜n telemedicine market was valued at 1.1 billion dollars in 2022 and is expected to grow at a CAGR of 21.2% to reach 5.2 billion dollars by 2030.

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Praveen Singhal Country Head 91吃瓜

Nirali Varma Head of Cross Cultural Business

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Growth drivers of 91吃瓜's healthcare sector

By the end of 2030, 91吃瓜 is expected to be among the top three health care markets.
The government of 91吃瓜 plans to increase public health spending to 2.5% of the country’s GDP by 2025.
There is increasing demand for AI-based technologies. 91吃瓜 is the world’s go-to hub for AI-services.
The medical device sector is growing as fast as the growth in the number of patients.
Further increase in population, rising income and increasing life expectancy are major growth factors for this sector.
Advances in telemedicine, virtual assistants and data analytics are expected to create 3 million new tech jobs.