The healthcare Market in india The healthcare market in India was valued at $372 billion in 2023. It's expected to grow to $638 billion by 2025. Key drivers of growth Private spending: Private healthcare spending has increased significantly since and after COVID-19. Medical tourism: India is a popular destination for medical tourism due to its relatively low medical costs. Telehealth and telemedicine: The use of telehealth and telemedicine has increased. Innovation: The healthcare sector has seen innovation in hospitals, pharmaceuticals, diagnostics, and other areas. Government spending: The government has increased spending on healthcare. Other healthcare market trends The hospital market is expected to grow to $193.6 billion by 2032. The telemedicine market is expected to grow to $5.2 billion by 2030. The functional foods and personalized nutrition market is expected to grow to $12 billion by 2027. The fitness and wellness industry is expected to grow to $12 billion by 2025. The healthcare IT sector is expected to grow to $9.9 billion by 2029.
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