Single Specialty Hospitals and Clinics are Emerging as Imminent Models of Healthcare Industry in India - Ken Research

Single Specialty Hospitals and Clinics are Emerging as Imminent Models of Healthcare Industry 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

Single Specialty Hospitals


 

 

 

 

 

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

Healthcare Spending in India

The medical tourists’ arrivals are increasing in the country at a CAGR of 25.1% from 2009 to 2013. The country recorded an influx of ~ thousand medical tourists in 2009 which inclined to ~ thousand in 2013. India has various medical centers in different locations such as Delhi, Mumbai, Chennai, Bangalore and others which offer high class medical services

Medical tourism and healthcare outsourcing has also gained pace in the market in the recent years, thus helping the patients in reducing cost associated with healthcare services. This is expected to put pressure on already inadequate healthcare infrastructure, and differences will be created by establishing more number of single specialty centres to cater to the needs of the foreign patients.

Figure: FTA’s in India for Medical Treatment in Thousands, 2009-2018

Medical Treatment India

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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