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:
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|
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Cardiology
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|
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|
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Oncology
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|
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Orthopedic
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|
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Maternity
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|
|
|
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Urology
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|
|
|
|
|
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Single
Specialty Clinics:
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|
|
|
|
|
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Dental Clinics
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|
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Eye Care Clinics
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IVF Clinics
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Dialysis Centres
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Total
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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
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