Showing posts with label Respiratory Devices. Show all posts
Showing posts with label Respiratory Devices. Show all posts

Monday, February 2, 2015

Single Specialty Hospitals and Clinics are Emerging as Imminent Models of Healthcare Indsutry in India

Single specialty hospitals and clinics are emerging as imminent models of healthcare delivery in India. With greater number of people having access to medical care now and youth segment of the population getting more acquainted to the availability of such specialties, options due to their cognizance of the internet, social media platforms, the future of the industry seems bright. Moreover, expansion plans of single specialty centres such as Eye-Q Hospitals, Vasan Eyecare, Nephroplus and others to set up centres in tier 2 and tier 3 cities will further escalate the growth of single specialty hospital/clinics industry in India in the next few years.


The overall market is estimated to reach revenue of INR ~ million by FY’2019 from INR ~ million in FY’2014, thus growing at 16.1% CAGR during the period.  Single Specialty Clinics in India are expected to emerge swiftly as compared to hospitals. The growth of single specialty clinics industry in India is projected to be 19.2% in FY’2014-FY’2019 while single specialty hospitals industry is predicted to grow at a CAGR of 14.3% during the period. Future Growth of India Single Specialty Hospitals and Clinics Industry is expected to be led by single specialty Maternity chains, eyecare centres, IVF clinics and urology hospitals.

Figure: India Single Specialty Hospitals and Clinics Market Future Projections by Revenue in INR Million, FY’2015-FY’2019


Table: India Single Specialty Hospitals and Clinics Market Future Projections by Hospitals and Clinics on the Basis of Revenue in INR Million, FY’2015-FY’2019
Particulars
FY'2015
FY'2016
FY'2017
FY'2018
FY'2019
Single Specialty Hospitals:





Cardiology





Oncology





Orthopedic





Maternity





Urology





Single Specialty Clinics:





Dental Clinics





Eye Care Clinics





IVF Clinics





Dialysis Centres





Total






The Indian healthcare market was valued at INR ~ billion in 2013 and is expected to grow at a CAGR of 14.7% from 2013-2018. The healthcare market is significantly under-penetrated as India has 0.9 beds per thousand people as compared to the global average of 3 beds per thousand people. Large disparities in the quality and availability of healthcare services still persists in the major metros versus smaller cities, semi-urban and rural areas exist in the country. Single Specialty, currently forms a niche segment of overall healthcare spending in India, recorded at ~% in 2013. However, the fortune of single specialty hospitals industry in India is directly related to the healthcare industry. The greater the share of single specialty hospitals in spending on healthcare services in the country, the higher would be the market growth.

Figure: Healthcare Spending in India in INR Billion, 2009-2018
Thousand

The rapidly evolving single specialty hospital and clinics industry in India will change the facade of the healthcare sector in the coming years. The emergence of single specialty chains across a gamut of sub specialties with business models thriving on the ability to craft a custom solution for a specific requirement, backed by specialized infrastructure and medical personnel’s focused on providing quality care to the consumer will continue to drive growth in the coming years.

KEY FACTORS CONSIDERED IN THE REPORT
•           Comprehensive analysis of the single specialty hospitals and clinics market and its segments
•           Industry is presented by Single Specialty Hospitals (Cardiology, Oncology, Orthopedics, Maternity and Urology) and Clinics (dental, eyecare, IVF and kidney dialysis)
•           Listed major players and their positioning in the market
•           Identified major industry developments in last few years and assess the future growth of the industry
•           Framework to understand investment opportunities and complexity involved


Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-11-47017199