The India hospital market size reached USD 179.76 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 348.70 Billion by 2033, exhibiting a growth rate (CAGR) of 7.60% during 2025-2033. The market is experiencing significant growth driven by increasing healthcare investments, government initiatives and rising demand for quality medical services. Expansion in Tier 2 and 3 cities, technological advancements and growing medical tourism further contribute to the market growth across the country.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 179.76 Billion |
Market Forecast in 2033 | USD 348.70 Billion |
Market Growth Rate 2025-2033 | 7.60% |
Increase in Public-Private Partnerships (PPP)
Public-Private Partnerships (PPP) in the Indian healthcare sector involve collaborations between the government and private entities to improve healthcare accessibility and infrastructure. These partnerships aim to leverage private sector expertise and investments to deliver quality medical services especially in rural and underserved regions. With the India hospital market growth accelerating PPP models have gained prominence for establishing multi-specialty hospitals, diagnostic centers and telemedicine services. Recognizing the need for comprehensive healthcare coverage the government is actively promoting PPP initiatives to strengthen medical infrastructure. For instance, in November 2024, the Government of India announced its plans to build major hospitals in all 761 districts through Public Private Partnerships. PSU-run hospitals will expand their services to the general public addressing the urgent need for healthcare access. Current bed-to-population ratios highlight a significant shortage with a goal of improving facilities nationwide. Additionally, PPPs are supporting the expansion of critical care units and emergency services. The government’s initiatives like Ayushman Bharat and Health Infrastructure Mission further promote PPP-led development. Through this collaborative approach hospitals benefit from modern technology, operational efficiency and enhanced service delivery. As the India hospital market outlook remains positive, continued focus on PPPs is expected to bridge the healthcare gap and ensure equitable medical access across the country.
Expansion of Healthcare Infrastructure
Healthcare infrastructure growth in India is fueled by massive investments in both the private and public sectors. Tier 3 and Tier 2 cities are also witnessing high growth with new hospitals being developed to meet the healthcare requirements of underpenetrated areas. Multispecialty and super-specialty hospitals are coming up to deliver quality medical care to minimize patient travel to metro cities. Government schemes like the Pradhan Mantri Ayushman Bharat Health Infrastructure Mission and enhanced budgetary allocation are also contributing to the growth of the sector. Additionally, private players are contributing by launching state-of-the-art healthcare facilities equipped with modern technology. For instance, in February 2025, Narayana Hrudayalaya Ltd. announced its plans to invest ₹1,500 crore in a new 1,100-bed hospital in New Town, Kolkata set to open by 2028-29. The project will create over 10,000 jobs and enhance advanced healthcare services in Eastern India addressing rising medical needs and supporting healthcare accessibility. This development not only improves access to quality healthcare but also strengthens the country's medical infrastructure. As investments continue to rise and new projects are implemented the positive impact on the India hospital market share is becoming increasingly evident.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on ownership, type, bed capacity, regionality and type of services.
Ownership Insights:
The report has provided a detailed breakup and analysis of the market based on the ownership. This includes public, private and public-private partnerships (PPP).
Type Insights:
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes general, multi-specialty hospitals and specialty.
Bed Capacity Insights:
A detailed breakup and analysis of the market based on the bed capacity have also been provided in the report. This includes up to 100 beds, 101-300 beds, 301-700 beds and above 700 beds.
Regionality Insights:
A detailed breakup and analysis of the market based on the regionality have also been provided in the report. This includes regional/district, rural and others.
Type of Services Insights:
A detailed breakup and analysis of the market based on the type of services have also been provided in the report. This includes In-Patient Services and Out-Patient Services.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Ownerships Covered | Public, Private, Public-Private Partnerships (PPP) |
Types Covered | General, Multi-Specialty Hospitals, Specialty |
Bed Capacities Covered | Up to 100 Beds, 101-300 Beds, 301-700 Beds, Above 700 Beds |
Regionalities Covered | Regional/District, Rural, Others |
Type of Services Covered | In-Patient Services, Out-Patient Services |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |