India Single Specialty Hospitals and Clinics Market Outlook to 2019 – Day Care Specialty Clinics to Impel Development” presents a extensive analysis of the business covering elements which includes industry size by revenue 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 smart presence of hospitals in each and every category is also presented as a segment of the market place. A detailed analysis on total quantity of hospitals in key therapeutic classes, average revenue per bed per day in a therapeutic class, cost of remedies has been provided in the report. The report also entails a detailed description on the recent trends and developments, private equity investments in the sector, development drivers and challenges and competitive landscape of major players in key therapeutic classes with revenue. Future Prospects of the business along with future projections have been discussed.
India has the biggest number of patients paying out of pocket expenditures 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 buyers and the rise of branded private hospital chains have led to a shift in the customer attitude towards doctors and hospitals. The healthcare sector in India which witnessed an initial wave of private investments in tertiary multi specialty hospitals, more than the final decade, has witnessed spurring investments in single specialty chains. Some main names in single specialty hospitals in the nation incorporate: Fortis Escorts Heart and Analysis Centre (New Delhi), Tata Memorial Cancer Hospital (Mumbai), Sankara Nethralaya (Chennai), Vasan Eye Care (Chennai), HOSMAT Hospital (Bengaluru) among others.
Single specialty hospitals and clinics industry in India has shown double digit development rates over the final few years. The market place income has escalated from INR ~ million in FY’2010 to INR ~ million in FY’2014. The market has recorded a CAGR of 12.six% over the years FY’2010-FY’2014. Low capital investment and investment friendly business models have led to a spur of investments made in this business in India in the current years. The share of hospitals in single specialty chains in total marketplace value in the country stood at ~% in FY’2014, demurring from ~% in FY’2010.
Cardiology accounts for the maximum share of ~% in single specialty hospital market in India in terms of revenue, as recorded in FY’2014. Players such as Fortis Escorts Hearth Institute, Frontier Lifeline Hospital, Narayana Hrudayalaya have been recording impressive turnovers in the recent occasions, thus driving the market for cardiology hospitals in India. Oncology is the second largest income contributor to the SSH marketplace in India. Maternity segment, at 4th largest position, was valued at INR ~ million in FY’2014 and has grown from INR ~ million in FY’2010. The specialties’ share in the overall SSH marketplace has risen from ~% in FY’2010 to ~% in FY’2014. Urology types a niche segment of single specialty hospitals business in India with a share of ~% as recorded in FY’2014, however, the urology single specialty hospitals industry in the nation has been displaying double digit growth prices in the previous few years. The eyecare single specialty centres business in India too has showcased stupendous growth 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 nation in the recent years. Fortis and Apollo have also established maternity centres in the nation beneath the brand names, Fortis La Femme and Apollo Cradle, respectively.
The swiftly evolving single specialty hospital and clinics business 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 enterprise models thriving on the ability to craft a custom solution for a specific requirement, backed by specialized infrastructure and healthcare personnel’s focused on delivering quality care to the customer will continue to drive growth in the coming years.
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