India's Hospital Sector to Grow 12% in 5 Years

India's hospital sector is expected to grow by 12% over the next 3-5 years.

This growth is driven by a shortage of hospital beds, more people having health insurance, and more tourists coming to India for medical treatment.

Currently, India has only 16 hospital beds for every 10,000 people, which is much lower than the recommended 30 beds.

The number of people with health insurance has increased a lot, from 200 million in 2014 to 550 million in 2024.

Medical tourism is also a big part of this growth, with over 0.7 million people visiting India for healthcare in 2024.

The money made from each hospital bed has been growing at 8-9% each year, and the hospitals are usually about 63% full.

This growth is expected to continue as more hospitals are built in smaller cities and more people get health insurance.