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The Healthcare industry in India is made up of hospitals, medical apparatus, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The industry is rising at a remarkable pace owing to its reinforced coverage, services and additional expenditure by the public as well as private investors.

Healthcare Scenario of India
India’s constitution promises free healthcare for all its citizens, but in practice, the private healthcare sector is in charge for the majority of healthcare in India, and most healthcare costs are paid out of pocket by patients and their families, rather than by insurance. All government hospitals are obligatory to provide healthcare free of cost.
India, a country with an ancient established system of medical science, first became familiar with the recent systems of medicine in the 17th century. India’s practical advantage lies in its large reservoir of skilled medical professionals. India is also cost-efficient compared to its peers in Asia and Western countries. The price of surgery in India is about one-tenth of that in the US or Western Europe.

Healthcare infrastructure
The delivery of the health system in India is divided into two major components – public and private.

a) Public Hospitals
The Government, i.e. public healthcare system encompasses limited secondary and tertiary care establishments in key cities and concentrates on providing basic healthcare facilities in the form of primary healthcare centers (PHCs) in rural areas. Public healthcare is free for those below the poverty line (BPL). The public health sector incorporates 18% of total outpatient care and 44% of total inpatient care. Middle and upper-class individuals have a tendency to use public healthcare less than those with a lower standard of living. Furthermore, females and elderly use the public health delivery system more frequently. The public health care system was originally established in order to provide a means to healthcare access irrespective of socioeconomic status.

b) Private Hospitals
The private sector offers a majority of secondary, tertiary and quaternary care institutions with a major focus in metropolitan cities as well as, tier 1 and tier 2 cities. With the help of many government subsidies in the 1980s, private health providers entered the market. In the 1990s, the growth of the market gave further incentive to the development of the private health sector in India. After 2005, most of the healthcare capacity added has been in the private sector, or in harmony with the private sector. The private sector entails 58% of the hospitals in the country, 29% of beds in hospitals, and 81% of doctors. According to National Family Health Survey-3, the private medical sector is the primary basis of health care for 70% of families in urban areas and 63% of families in rural areas.
Healthcare facilities particularly have developed so much that even people from other countries are looking at Indian hospitals and doctors for their treatment.
The hospital industry is emerging very rapidly due to progression in technology and growth in various diseases across the country. Earlier people use to trust on Government Doctors and Hospital but due to globalization and accessibility of better facilities and treatment in Private Hospitals, they have become quite common too. Across the country, there are various Private Hospitals which treats the patients not only from the country but are also famous for their experienced Doctors and treatment facilities all around the world.

Medical Tourism in India India’s medical industry is an idyllic place to measure the shifting trends in medical tourism and also serves as an opening into what could drive this unique contributor into the much greater tourism ecosystem. Medical tourism (also called medical travel, health tourism or global healthcare) is a term used to label the rapidly-growing practice of travelling through international borders to look for better healthcare services. Healthcare facilities typically sought by travellers include optional procedures as well as intricate surgeries, etc.

A number of factors give an advantage to the growth of Indian Medical Tourism in India:
Facilities: India provides best in class medical health facilities duly accredited to NABH, etc. Frontier Technology: India offers cutting-edge technology to provide medical diagnostics and medical procedures. Difficult heart surgeries, cancer care, and surgeries, neuro and even general surgeries necessitate high-end expertise to carry out procedures, minimalize complications, enable quick recovery and reduce length of hospital stay. The recent innovations in form of robotic support for surgeries, radiation surgery or radiotherapies with cyber-knife stereotactic possibilities, IMRT / IGRT, transplant support systems, advanced neuro and spinal options are all offered in India. Doctors: The country has the largest reservoir of doctors and paramedics in South Asia (1.2 million Allopathic, 0.17 million dental surgeons, 2 million nurses). Many of them have established their identity as thorough professionals in their field and the best in the world.

Financial Saving: Quality of care is what appeals to people. However, quality services should not be beyond the financial capability of the patient who requires it. If quality comes at an affordable cost it is an indomitable advantage. This joining together of top quality and cost benefit is exclusive for India. Language: Among the best medical destinations of the world, India has a high percentage of English speakers. If other language options are important, there are skilled interpreters who will be arranged by the hospitals. Benefits of Medical Tourism for India: Foreign Exchange: Every patient spends around 3500-6000 USD in India which brings significant foreign exchange. Goodwill: Medical tourism is responsible for the establishment of goodwill for India in foreign nations. This has helped create friendliness between India and African countries and this goodwill helps in securing Indian investments overseas and progress in bilateral relations.

Boosting Economy: States like Andhra Pradesh are improving their economy due to the influx of large of tourists seeking medical help.

Employment Generation: Inflow of patients and money into healthcare system leads to the creation of jobs and opportunities which help in solving the unemployment crisis of Promotion of alternative healthcare systems: It helps the promotion of healthcare systems of India such as AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy). Start-up India: With many new Start Up’s like Practo, Portea, Advancells, Lybrate etc. emergent in the field of the health sector, Medical tourism can motivate setting up a number of new start-ups.

Facts & Figures:
Growing occurrence of lifestyle diseases, rising demand for reasonably priced healthcare delivery systems due to the growing healthcare costs, technological advancements, the emergence of telemedicine, rapid health insurance penetration and government initiatives like e-health together with tax benefits and incentives are influencing healthcare market in India.

By 2020, India is expected to rank amongst the top 3 healthcare markets in accordance with incremental growth By 2020, the healthcare information technology market is predicted to grow 1.5 times from current $1 billion By 2022, the diagnostics market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 20.4% to reach $32 billion from $5 billion in 2012
During 2015-20, the in-patient market is likely to grow at a Compound Annual Growth Rate (CAGR) of 13% By 2020, the Indian telemedicine market is expected to develop at a Compound Annual Growth Rate (CAGR) of 20% to reach $32 million from $15 million The industry is estimated to reach $372 billion by 2022.
The hospital industry in India, making up 80% of the total healthcare market, is observing a huge investor demand from both global as well as domestic investors. The hospital industry is expected to reach $132 billion by 2023 from $ 61.8 billion in 2017; growing at a Compound Annual Growth Rate (CAGR) of 16-17%.
The Indian Medical Tourism market is anticipated to grow from its current size of $3 billion to $7-8 billion by 2020
The diagnostics industry in India is presently estimated at a value of $4 billion. The share of organized sector is almost 25% in this section (15% in labs and 10% in radiology).
The primary care industry is currently estimated to be at value of $13 billion.