Healthcare has become one of India’s largest sectors, both in terms of revenue and employment. This comprises hospitals, pharmaceuticals, medical devices and equipment, clinical trials, outsourcing, telemedicine, medical tourism and health insurance. The sector is growing at a brisk pace due to its coverage, services, and increasing expenditure by public, as well as private players.
For a large and diverse country like India, which is on the growth trajectory, developing accessible and affordable healthcare facilities is creating significant opportunity for private players, along with core challenges to overcome.
Grant Thornton Bharat and the Association of Healthcare Providers (India) have conducted research on hospitals as financially sustainable entities, analysing the challenges faced by the healthcare system, such as the growing disease burden, increasing costs, and demands for quality healthcare. The research emphasises the importance of cost efficiencies, technology adoption, and quality control, leading to enhanced financial sustainability and improved patient care.