Project Report For Hospitals
The Indian healthcare industry is anticipated to hit Rs. 24 lakh crore by 2022, up from 9 lakh crore in 2016.
Introduction
The project report for Hospitals is as follows.
The Indian healthcare industry is anticipated to hit Rs. 24 lakh crore by 2022, up from 9 lakh crore in 2016, at a CAGR of 17.7 percent, attributed to high incomes, more awareness, the incidence of lifestyle illnesses, and increased penetration of healthcare coverage.
Around 55,000 hospitals and lakhs of clinics as well as other health care institutions make up the biggest component of the Healthcare Industry in India, accounting for more than 68 percent of total income.
The Hospital industry itself was worth 4 lakh crore in FY17 and is anticipated to increase at a CAGR of 16-17 percent to 8.6 lakh crore in FY22.
With India allowing 100 percent FDI in the healthcare industry from 2000, the private sector has seen significant foreign investment, with 34,000 crores entering into the healthcare and diagnostics market via FDI during 4/2000 and 6/2018.
Accessibility to money is among the most significant impediments to the expansion of the Indian Healthcare Industry, and there is significant room for improvement in the penetration of healthcare delivery services in India.
Market Potential Of Hospitals
Despite accounting for 17.5 percent, of the worldwide population India carries roughly 20 percent of the global illness weight and 27 percent of all newborn fatalities annually.
As shown in a Lancet research, India ranks 145th out of 195 nations in respect of healthcare quality and availability. 70% of our nations medical facilities is concentrated in the top 20 cities, with the majority of healthcare service players being in Mumbai, Delhi, Kolkata, Chennai, Vellore, and Bangalore.
In addition, India will require 3 million beds to meet the objective of 3 beds per 1,000 citizens by 2025.
Moreover, 1.54 million doctors and 2.4 million nursing staff are needed to fulfil the rising demand for healthcare; by 2025, the healthcare industry is anticipated to produce 58,000 employment opportunities.
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