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

Source: https://www.kenresearch.com/healthcare/general-healthcare/india-single-specialty-hospital-market-research-report/607-91.html

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Ken Research

Ankur Gupta, Head Marketing & Communications

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+91-11-47017199

Germany is the Europe’s Biggest Medical Devices Market - Ken Research

Germany is the Europe’s biggest medical devices market which accounted for a share of ~% in Europe in 2013. The medical devices have played a significant role in enhancing patient health and quality of life in Germany as well across the world. Additionally, more than ~% of the German populace is covered under health insurance. The consumer healthcare expenditure in Germany was about EUR ~ million in 2012.

Germany medical devices market has been one of the largest markets in Europe since past many years. In 2013, the Germany medical devices market was valued at EUR ~ million which has grown from EUR ~ million in 2008, at a CAGR of 1.9% during the same period.

Overall, the Germany medical devices market has witnessed a stable growth during 2008-2013 owing to the presence of strong economy, high standard of clinical research, highly developed infrastructure and technologically advanced research and innovation center.

Figure: Germany Medical Device Market Size on the Basis of Production Value in EUR Million, 2008-2013

The medical devices market of Germany is mainly segmented into seven key segments which include general medical instruments and appliances, medical and electro-diagnostic apparatus, consumables, ophthalmic instruments, dental devices, respiratory devices and orthopaedic appliances. The medical devices market of Germany is dominated by the orthopaedic appliances market with a share of ~% in 2013.

Table: Germany Medical Devices Market Segmentation by Equipments on the Basis of Production Value in Percentage (%), 2008-2013

Categories	2008	2009	2010	2011	2012	2013
Orthopaedic Appliances
Dental Devices
Diagnostics Apparatus
Medical Instruments
Medical Consumables
Ophthalmic Instruments
Respiratory Devices
Others
Total	100%	100%	100%	100%	100%	100%

The share of dental devices market has grown from ~% in 2008 to ~% in 2013. The advancement in the diagnostic and treatment technologies in the dental field that has led to minimal pain and precise diagnosis has been the key factor responsible for the growth of dental devices market.

The Germany orthopaedic devices market is dominated by orthopaedic appliances, splints and other fracture appliances market with a share of ~% in 2013. This market has grown from EUR ~ million in 2008 to EUR ~ million in 2013, at a CAGR of ~%. The country is the largest producer of orthopaedic appliances in EU and produces high quality medical equipments for the treatment of bone related disorders and diseases.

Figure: Germany Orthopaedic Devices Market Segmentation by Equipments on the Basis of Production Value in Percentage (%), 2008-2013

The medical devices market in Germany is projected to grow at a CAGR of ~% during 2013-2018 and will witness revenue worth EUR ~ million by 2018.

Table: Germany Medical Device Market Future Projections on the Basis of Production Value from Different Segments in EUR Million, 2014-2018

Categories	2014	2015	2016	2017	2018
Orthopaedic Appliances
Dental Devices
General Medical Instruments and Appliances Market
Others
Total