Indian Healthcare industry growing fast

The Indian healthcare industry has been growing at a CAGR of 12 % and is expected to grow at the same rate going forward. It expanded from USD 40bn in 2007 to USD 81bn in 2013 and is expected to reach USD 179 bn in 2020.

Healthcare delivery comprises majority of the pie of the healthcare market in India with 65-70 % revenue followed by pharmaceuticals with 13-15%. Medical devices also hold a considerable share with 9-10 %, followed by medical insurance at 4-5 % and diagnostics at 3-5%.

The northern states together constitute over 30 % of India population with UP, the most populous state, having a population of more than 200 million For more Information about Medical Times of India simply visit- http://www.drugtodayonline.com/