India’s healthcare industry expected to reach 372 billion dollar in 2022
NEW DELHI [Maha Media]: India’s healthcare industry is expected to reach 372 billion dollar in 2022. The country’s healthcare sector has grown rapidly over the last five years, at a compound annual growth rate of around 22 per cent. NITI Aayog released a report outlining the range of investment opportunities in various segments of the healthcare sector. This include hospitals, medical devices and equipment, health insurance, telemedicine, home healthcare and medical value travel. Healthcare has become one of the largest sectors of the Indian economy, in terms of both revenue and employment.
As per estimates by the National Skill Development Corporation, healthcare can generate 27 lakh additional jobs in India between 2017-22. The report was released by NITI Aayog Member Dr VK Paul, CEO Amitabh Kant and Additional Secretary Dr Rakesh Sarwal.