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India Specialty Clinics Market Opportunity Analysis 2018

India speciality clinics market accounts for 18% to 20% of total hospital industry


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2014-01-09 05:45:05 - India Specialty Clinics Market Opportunity Analysis 2018 - a new market research report on companiesandmarkets.com

India is reporting a universal trend within general hospitals where speciality clinics are starting to emerge. Speciality clinics account for a small share of the overall hospital market although this sector is rapidy expanding. India´s speciality clinics market is highly fragmented with a significant number of small niche players. In 2013, it was estimated that speciality clinics accounted for 18% to 20% of India´s total hospital industry.The ever increasing demand for healthcare services in India has opened up significant scope for new opportunities in delivering affordable healthcare services to the rural and semi-urban population of the country. This, coupled with the rising number of diseases, makes it essential for the healthcare players to strive to increase the ease of availability

 

 

of healthcare services. With the GDP growing at close to 6-7%, the healthcare expenditure is also expected to simultaneously expand in the coming 5 years. Specialty clinics would largely help in bridging the gap between the demand and supply of healthcare services and facilities by providing cost effective and superior care. There is a great future for the specialty clinics in India in the years to come. With the increase in the number of players into this sector, there will be an increase in the level of competition. As single specialty clinics are mainly focused on providing a comprehensive range of services for a specific therapeutic area, they require lesser investment than multi-specialty hospitals, and hence are easier to operate and provide facilities. It is expected that this business model of single clinics specialized in particular domain would lead the growth in the Indian healthcare industry.

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