India Single Specialty Hospitals and Clinics Business Outlook to 2019 – Day Care Specialty Clinics to Impel Growth” presents a complete analysis of the industry covering aspects which includes market place size by income and market place segmentation by single specialty hospitals and clinics covering therapeutic classes such as Cardiology, Oncology, Orthopedics, Maternity and Urology and dental, eyecare, IVF and kidney dialysis. State sensible presence of hospitals in each category is also presented as a segment of the market place. A detailed analysis on total number of hospitals in main therapeutic classes, average income per bed per day in a therapeutic class, expense of therapies has been supplied in the report. The report also entails a detailed description on the current trends and developments, private equity investments in the sector, growth drivers and challenges and competitive landscape of key players in essential therapeutic classes with revenue. Future Prospects of the business along with future projections have been discussed.
India has the largest quantity of individuals paying out of pocket costs for health-related purposes. This phenomenon has led to the emergence of the ‘healthcare consumer’ who is treated like a customer and not just as a patient. The higher expectations of healthcare consumers and the rise of branded private hospital chains have led to a shift in the customer attitude towards medical doctors and hospitals. The healthcare sector in India which witnessed an initial wave of private investments in tertiary multi specialty hospitals, over the final decade, has witnessed spurring investments in single specialty chains. Some significant names in single specialty hospitals in the nation consist of: Fortis Escorts Heart and Study Centre (New Delhi), Tata Memorial Cancer Hospital (Mumbai), Sankara Nethralaya (Chennai), Vasan Eye Care (Chennai), HOSMAT Hospital (Bengaluru) amongst other people.
Single specialty hospitals and clinics marketplace in India has shown double digit growth rates over the final few years. The industry revenue has escalated from INR ~ million in FY’2010 to INR ~ million in FY’2014. The sector has recorded a CAGR of 12.6% more than the years FY’2010-FY’2014. Low capital investment and investment friendly business models have led to a spur of investments created in this business in India in the recent years. The share of hospitals in single specialty chains in total market worth in the nation stood at ~% in FY’2014, demurring from ~% in FY’2010.
Cardiology accounts for the maximum share of ~% in single specialty hospital industry in India in terms of income, as recorded in FY’2014. Players such as Fortis Escorts Hearth Institute, Frontier Lifeline Hospital, Narayana Hrudayalaya have been recording impressive turnovers in the current times, as a result driving the marketplace for cardiology hospitals in India. Oncology is the second biggest revenue contributor to the SSH market place in India. Maternity segment, at 4th biggest position, was valued at INR ~ million in FY’2014 and has grown from INR ~ million in FY’2010. The specialties’ share in the general SSH market place has risen from ~% in FY’2010 to ~% in FY’2014. Urology forms a niche segment of single specialty hospitals industry in India with a share of ~% as recorded in FY’2014, nevertheless, the urology single specialty hospitals business in the country has been displaying double digit growth rates in the past handful of years. The eyecare single specialty centres market in India too has showcased stupendous development of 30.eight% over the years FY’2010-FY’2014.
Significant healthcare chains such as Fortis healthcare, Apollo Hospitals have invested greatly in setting up single specialty centres for dialysis, maternity centres, and dental care centres in the country in the recent years. Fortis and Apollo have also established maternity centres in the country under the brand names, Fortis La Femme and Apollo Cradle, respectively.
The quickly evolving single specialty hospital and clinics sector in India will alter the facade of the healthcare sector in the coming years. The emergence of single specialty chains across a gamut of sub specialties with organization models thriving on the capability to craft a custom resolution for a certain requirement, backed by specialized infrastructure and medical personnel’s focused on offering good quality care to the consumer will continue to drive growth in the coming years.
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