India’s Healthcare Sector Grows 12.59% in 2024-25, Marking Key Advancements.
Aristocrat Media
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New Delhi [India], April 7 (ANI): India’s healthcare sector is experiencing significant transformation, fueled by substantial investments in infrastructure and innovative initiatives. The Union Health Ministry’s interim Budget for 2024-2025 allocated ?90,658.63 crore, marking a 12.59% increase—a clear indication of the government’s commitment to strengthening healthcare services.
As the world observes World Health Day, India celebrates remarkable milestones in expanding healthcare infrastructure, improving access to quality care, and integrating technology-driven solutions.
Since 2016, India's healthcare industry has been on an impressive growth trajectory, recording a compound annual growth rate (CAGR) of 22%. The hospital market, valued at $98.98 billion in 2023, is projected to grow at a CAGR of 8.0%, reaching $193.59 billion by 2032.
Beyond hospitals, other healthcare segments are also witnessing rapid expansion:
Telemedicine is set to reach $5.4 billion by 2025, growing at a CAGR of 31%.
AI in healthcare is expected to expand at an annual rate of 45%, reflecting a major shift toward tech-driven medical solutions.
Healthtech sector hiring is predicted to increase by 15-20% in 2024, indicating rising demand for digital healthcare innovations.
With bold investments, forward-thinking policies, and a focus on accessibility, India is reinforcing its vision of a robust, tech-enabled healthcare ecosystem, ensuring quality healthcare for all.
Disclaimer: The information provided in this newsletter is for general informational purposes only and reflects the latest updates and trends across various sectors. While we strive for accuracy, Aristocrat Media assumes no responsibility for errors or omissions. Readers are encouraged to verify details independently and consult appropriate professionals before making decisions.
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