ICRA expects annual revenue growth of 12-14 percent over the next five years in the health care sector, in line with the trend over the last three years. The health care sector is expected to grow by 12 to 14 percent annually over the next five years, due to increased medical tourism and penetration of health insurance, rating agency ICRA said.
India has seen an increase in the influx of international patients, mainly from developing countries in South Asia, Africa and the Middle East." The most common treatments used by foreign patients visiting India are complex and valuable procedures. International patients have grown at a rate of more than 20 percent over the past three years, "said ICRA.
(Reference: http://www.pharmatutor.org/pharma-news/2017/growth-rate-of-health-care-sector-may-be-12-14percent-over-next-five-years-icra)