The Indian market will become a hotbed of “tourism medical care” with a layout of 280 billion US dollars in the medical industry.

The medical industry is one of the most invested industries by international investors this year. What logic is behind this?

Although it is a developing country with a population of one billion, India’s medical industry is far ahead of China. The government's support, per capita income and medical expenditures continue to grow, and the continuous improvement of medical insurance has ensured the rapid growth of the industry for many years to come. In addition, India has developed a phenomenal market - tourism medical care, it is worth everyone to talk.

A huge market of $280 billion

In recent years, India's medical industry has developed rapidly, with an average annual growth rate of 16.5%. The industry's annual output value has jumped from US$45 billion in 2008 to US$100 billion in 2015, and is expected to reach US$280 billion by 2020 (China Ministry of Commerce data).

Increased per capita income, greater access to quality medical facilities, and increased national health knowledge penetration are the main reasons for the rapid development of the Indian healthcare industry.

Demand for quality and professional healthcare services is growing rapidly in second- and third-tier cities in India, and the Indian government has introduced a five-year tax incentive to encourage hospitals in second- and third-tier cities.

At present, the coverage of the Indian medical service system continues to expand, and the investment in public and private medical service institutions has also increased. At the same time, medical insurance has also gained momentum. From 2006 to 2010, medical insurance premiums expanded at a compound annual growth rate of 39%.

From the 2010-2015 fiscal year, India's per capita health care expenditure showed a compound annual growth rate of 5% per year. By 2015, India's per capita medical expenditure has reached US$68.6.

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