Healthcare industry in India is projecled to reach $ 372 bn by 2022
Working towards building a healthier India India’s healthcare market may see a threefold jump in value terms to reach $ 372 bn by 2022, The healtncare industry in India stood as the fourth largest employer in 2017 as the sector employed a total of 319,780 people. Key components of the healthcare market in India are hospitals(Government and Private), pharmaceuticals,diagnostics (imaging and pathology), medical equipment and supplies, medical insurance and telemedicine. Growing incidence of lifestyle diseases, rising demand for affordable healthcare delivery systems due to the increasing healthcare costs, technological advancements, the emergence of telemedicine, rapid health insurance penetration and goverment initiatives like e-health together with tax benefits and incentives are driving healthcare market in India.
A public-private partnership (PPP) is a project delivery model whereby private entities undertake large-scale engineering and construction projects, often on works with defined objectives and criteria under the supervision of a government agency for mutual benefit.
BOOT (build, own, operate, transfer) is a project that transfers the risk and responsibility for the design, construction and operation of a large public infrastructure to private developers.