A hospital is supposed to treat patients suffering from various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity. Normally a teaching facilities or college is related to a hospital. Hospitals provide the facilities of O.P.D. and admission for seriously ill seriously injured, seriously burnt and pregnant ladies, causalities etc. within the very beginning, there was government owned hospitals where one had to pay no money for treatment. Then, a non-public ward facility was started within the hospitals. The patient had to pay rent for a personal room while medicines and doctors were available freed from cost. The private ward helped the patient to avoid the untidiness of a general ward and noise etc. The patients, who were in an exceedingly position to afford the space rent, were admitted to non-public rooms. The poor's, however, got admission in rushed general wards.
The hospital industry in India, accounting for 80% of the total healthcare market, is witnessing a huge investor demand from both global as well as domestic investors. The hospital industry is expected to reach $ 132 bn by 2023 from $ 61.8 bn in 2017; growing at a CAGR of 16-17%. Indian healthcare sector is much diversified and is full of opportunities in every segment which includes providers, payers and medical technology. With the increase in the competition, businesses are looking to explore for the latest dynamics and trends which will have positive impact on their business.
The Indian middle class is expected to grow the most with the workforce in the age group of 15 – 59 years of age set to reach 325 million by the year 2050. The demand for health services aided by higher disposable income, greater insurance penetration and improved awareness levels are factors which are set to be the main drivers of the healthcare boom. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
Adani Hospitals Mundra Pvt. Ltd
Ahalia Healthcare Ltd.
Alchemist Hospitals Ltd.
Alps Hospital Ltd.
Apollo Rajshree Hospitals Pvt. Ltd.
Asia Healthcare Devp. Ltd.
Assam Hospitals Ltd.
Aster D M Healthcare Ltd.
B P Poddar Hospital & Medical Research Pvt. Ltd