Introduction & Market Size

Asia Healthcare Innovation Summit & Awards 2022 is set to take place in the buzzing & growing capital of Gujarat, Ahmedabad is the seventh largest metropolitan area in India and is one of the major healthcare centers in India. Asia Healthcare Innovation Summit & Awards 2022 proudly presents itself as a uniquely designed concept for leaders who are the best & brightest minds in healthcare industry today.

With a special focus to promote medical tourism, innovations & innovators that “set the trend” for the “future”, will be seen addressing & discussing the growth opportunities in disruptive & demanding healthcare sector. Combining “Expertise & Different Ideas” Summentor Pro Sales and Marketing Consultants presents Asia Healthcare Innovation Summit & Awards 2022 in a never seen before format blending Expo, Conference, Pre-Qualified B2B Meetings & Awards on November 5th & 6th 2022.

Over the two days you will witness a wide range of gathering from Union Ministers, Private Players, Life Sciences Organizations, Hospitals, Export Houses, Pharma Manufactures Investors, Officers, Technology Enablers, Pioneers, Researchers, Incubators & Business Leaders etc. with a single agenda in mind to increase efficiency, promote medical tourism, investments, export, sales & marketing for healthcare segment in India and other Asian Countries.

Market size of Healthcare in India

The Indian healthcare sector is expected to record a three-fold rise, growing at a CAGR of 22% between 2016–22 to reach US$ 372 billion in 2022 from US$ 110 billion in 2016.

By FY22, Indian healthcare infrastructure is expected to reach US$ 349.1 billion.

As of 2021, the Indian healthcare sector is one of India’s largest employers as it employs a total of 4.7 million people. The sector has generated 2.7 million additional jobs in India between 2017-22 — over 500,000 new jobs per year.

In the Economic Survey of 2022, India’s public expenditure on healthcare stood at 2.1% of GDP in 2021-22 against 1.8% in 2020-21 and 1.3% in 2019-20.

In FY21, gross direct premium income underwritten by health insurance companies grew 13.3% YoY to Rs. 58,572.46 crore (US$ 7.9 billion). The health segment has a 29.5% share in the total gross written premiums earned in the country.

The Indian medical tourism market was valued at US$ 2.89 billion in 2020 and is expected to reach US$ 13.42 billion by 2026. According to India Tourism Statistics at a Glance 2020 report, close to 697,300 foreign tourists came for medical treatment in India in FY19. India has been ranked 10th in the Medical Tourism Index (MTI) for 2020-21 out of 46 destinations by the Medical Tourism Association.

The e-health market size is estimated to reach US$ 10.6 billion by 2025.

As per information provided to the Lok Sabha by the Minister of Health & Family Welfare, Dr. Bharati Pravin Pawar, the doctor population ratio in the country is 1:854, assuming 80% availability of 12.68 lakh registered allopathic doctors and 5.65 lakh AYUSH doctors.