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Dublin, Feb. 21, 2022 (GLOBE NEWSWIRE) — The “Private Hospital Sector in India 2021” report has been added to ResearchAndMarkets.com’s offering.
Hospitals are the major stakeholders in India’s healthcare ecosystem. About 70% of the rural population and 80% of the urban residents rely on private hospitals. High disposable income, rise in population, and changes in disease profiles are driving the expansion of the market.
Furthermore, the Ayushman Bharat initiative has strengthened the healthcare system, from primary to tertiary care. The private hospital sector was valued at INR 9,995.06 Bn in FY 2021. It is expected to reach INR 25,429.49 Bn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~20.53% during the FY 2021-FY 2027 period
Segment Insights:
It has three segments – self-pay, government payer, and corporate insurer. Initially at the beginning of 2020, the self-pay segment dominated the market, followed by government payer. However, owing to the expansion of insurance coverage by both government and corporate insurers, the corporate insurer segment is anticipated to experience noticeable growth.
Increase in purchasing power, growing demand for quality healthcare, …
Full story available on Benzinga.com
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