In the spotlight: Healthcare Sector has zoomed up to 62% in just a year!

India's Healthcare Sector 

Healthcare has grown to be one of India's most important industries, both in terms of revenue and employment. Hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment are all part of healthcare. The Indian healthcare sector is expanding rapidly as a result of improved coverage, expanded services, and increased spending by both public and private players.

Overall Market Size of the Healthcare Sector

The healthcare market in India is expected to reach USD 400 billion by 2025, driven by rising income, better health awareness, lifestyle diseases and increasing access to insurance. As of 2021, the Indian healthcare sector is one of India’s largest employers, as it employs a total of 4.7 million people. In the recent Union Budget 2022-23, Rs 86,200.65 crore (USD 11.28 billion) was allocated to the Ministry of Health and Family Welfare (MoHFW). The Indian government also is planning to introduce a credit incentive programme worth Rs 500 billion (USD 6.8 billion) to boost the country’s healthcare infrastructure.

Healthcare Sector Returns  

The BSE Healthcare Index was up by 0.80% in 5 days, 0.09% down in 1 month, 6.75% down in 6 months, 5.70% down year to date and 11.74% down in 1 year. As of March 24, 2023, the PE of the sector is 28.17x.

Following healthcare sector stocks have zoomed up to 62% in just 1 year: