The industry is growing at a tremendous pace owing to its strengthening coverage, service and increasing expenditure by public & private players.
- Healthcare has become one of India’s largest sectors, both in terms of revenue and employment.
- The Indian government announced Rs. 64,180 crore (US$ 8.80 billion) outlay for the healthcaresector over six years in the Union Budget 2021-22 to strengthen the existing ‘National Health Mission’.
- The digital healthcare market in India has valued at INR 116.61 Bn in 2018 and is estimated to reachINR 485.43 Bn by 2024, expanding at a CAGR of 27.41% during 2019-2024 period.
- The healthcare blockchain market is expected to grow at a CAGR of 65% between2018–2025 to reach US$ 1.6B in 2025.
- India is expected to be one of the fastest-growing markets as there is a growing geriatric population along with an increasing prevalence of chronic diseases.
- Infection Prevention and Control Market size is anticipated to reach $201.71 billion by 2025, growing at a CAGR of 3.7% during the forecast period 2020-2025.
- Deep cleaning services for hospitals, critical care centers, other public spaces and even residences are currently observing a great demand.
- The medical waste disposal devices segment holds the largest share in the Infection Prevention Devices Market and is estimated to grow at a CAGR of 2.4% during the period 2020-2025.
- Disinfection, decontamination and pest control services for commercial as well as residential buildings are growing at over 50% yearly.
