India to Add 22,000 New Hospital Beds to Meet Growing Healthcare Demand
India’s healthcare market is expanding due to rising lifestyle diseases and demand for affordable care. A recent report by HSBC Global Research highlights significant growth in the healthcare sector.
Expansion Plans
Seven listed hospitals in India plan to add 14,000 beds in the next 3-5 years. Including other private hospital chains, a total of 22,000 new beds is expected. This is three times the number of beds added between FY19-24.
Demand for Beds
Despite these additions, there will be no oversupply of beds. India needs 100,000 more beds in the next 5-7 years to meet the growing healthcare demand driven by lifestyle diseases, an ageing population, and rising income levels.
Medical Tourism
India remains a preferred destination for medical tourism due to affordable high-end clinical procedures. Medical tourism has grown from 0.18 million in 2014 to 0.73 million in 2024.
Financial Growth
Hospitals in India have seen a 7-15% increase in earnings per occupied bed between FY19-24. Post-COVID-19, hospitals have experienced higher occupancy and revenue growth, with share prices rising between 55-200% in the last three years.
Doubts Revealed
HSBC Global Research -: HSBC Global Research is a part of HSBC, a big international bank. They study and give reports on different markets, like healthcare, to help people understand trends and make decisions.
listed hospitals -: Listed hospitals are hospitals that are publicly traded on the stock market. This means people can buy shares of these hospitals.
oversupply -: Oversupply means having more of something than is needed. In this case, it means having more hospital beds than patients.
medical tourism -: Medical tourism is when people travel to another country to get medical treatment. They do this because it might be cheaper or better in that country.
post-COVID-19 -: Post-COVID-19 means the time after the COVID-19 pandemic. It refers to how things have changed since the pandemic started to get better.
