India’s healthcare sector is expected to be $280 billion in size by 2020 from $73.92 billion in 2011, growing at a CAGR of 16%. As per FICCI-KPMG report, it is in “dire need” of right policy framework and infrastructure push. The report added however that it was high time the country realised the significance of healthcare as an economic development opportunity at national and state levels.
With the healthcare industry seeing a robust growth trajectory, workforce in the sector is expected to be at 7.4 million in 2022. The Indian healthcare workforce is expected to double to 7.4 million in 2022 from 3.6 million in 2013. The share of healthcare FDI has almost doubled since 2011, highlighting the growing interest of foreign players in the sector
India’s medical tourism has emerged as a strong segment due to India’s growing strength in healthcare delivery. People from different parts of the world travel to India to benefit from the comparative cost advantage and quality services. This market is expected to triple to $10.6 billion in 2019 from $2.8 billion in 2014, it added.
India’s telemedicine market is also growing significantly due to its potential to offer increased access, lower costs, better patient outcomes, greater patient engagement and improved safety. Though in a nascent stage, it is growing by about 20% a year. It is expected to more than double to about $19 million by 2017 from $8 million in 2012.

(Economic Times)