Photos from Envato
Growth is driven by structural improvements within the industry.
According to the CareEdge Rating Report, India's health care spending is expected to increase from 3.3% of its GDP to 5% by 2030.
This rise is driven by structural improvements within the industry, such as increasing the number of medical seats, expanding insurance coverage and increasing beds in hospitals.
“Higher public spending, as well as increased private investment in the healthcare sector, insurance expansion and population transformation, are driving structural transformation,” the report said.
However, rural healthcare infrastructure is still underdeveloped and lacks trained healthcare professionals, so it is difficult to extend health insurance to all regions of the country.
It added: “India spends 3.3% of GDP on health care and spends per capita just $80.”
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