Indian Healthcare to double size to $100 Billion

Saturday, 29 January 2011, 06:04 IST
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New Delhi: The Indian Healthcare sector will double its size to $100 billion by 2015 from the present $50 billion, according to ratings agency Fitch. Giving a stable outlook for the sector, it said: "Fitch expects a continuous double digit growth in the sector leading to a doubling in size of the current $50 billion industry by 2015." Fitch cited a growing economy, lifestyle related health issues, improving healthcare insurance penetration, government initiatives and increasing disposable income as the main reasons for a robust future of the sector. It, however, cautioned that profitability margins will remain stressed for many players, given the time taken to stabilise operations and to attain economies of scale. "The agency notes that revenue growth in 2011 will be aided by capacity expansion undertaken recently.
Source: PTI