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Visalakshi Chandramouli, Managing Partner, Tata CapitalHealthcare Fund
India’s healthcare and life sciences sector is one of the fastest-growing healthcare and life sciences markets in the world. By 2030, India will have ~1.2 billion people in the middle-income segment with over 42 per cent of the population in urban cities. While on the one hand, the sector today stands at a threshold of significant supplydemand mismatch, on the other hand there are signs of improving affordability and availability of talent pool. This makes the sector a compelling investment opportunity for both private and public market players. As we see today, India’s healthcare and lifesciences market is estimated to reach $285 billion by 2028 implying a growth that is twice our GDP growth.
This growth trajectory for the sector is underpinned by several favourable macro factors namely 1) Demographics - increasing affluence among the population; 2) Disease Burden - a dual disease burden; 3) Insurance Penetration improving insurance penetration; 4) Infrastructure: gaps in healthcare infrastructure; 5) Government Initiatives - government’s focus on healthcare and 6) India’s competitive advantage – low cost and availability of talent.
Delving deeper into macro callouts
1) Demographics:
This story is from the BioSpectrum Asia July 2024 edition of BioSpectrum Asia.
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This story is from the BioSpectrum Asia July 2024 edition of BioSpectrum Asia.
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