Swedish pharmaceutical market pegged at almost US$5 billion in 2008
The pharmaceutical market in Sweden is estimated to be US$4.7 billion in 2008
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Archive for Healthcare
Clinical trials to become a US$ 1 billion industry by 2010 in India
According to FICCI & Ernst & Young, clinical trials have the potential to become a US$ 1 billion industry by 2010. The health services outsourcing sector has the potential to grow to grow to US$ 7.4 billion by 2012, from US$ 3.7 billion in 2006, at a compound annual growth rate (CAGR) of 11 per [...]
The medical textiles industry to reach US$ 753 million by 2012
The growth in medical infrastructure will be complimented by a demand for associated products and services, for example, the medical textiles industry is projected to double to reach US$ 753 million by 2012.
Indian medical equipment industry growing at 15 percent per year
Currently the medical equipment industry is around US$ 2.17 billion and is growing at 15 percent per year. It is estimated to reach US$ 4.97 billion by 2012.
India is likely to reach a bed to thousand population ratio of 1.85
The report points out that India is likely to reach a bed to thousand population ratio of 1.85 and, in a best case scenario, a ratio of 2 by 2012. Beds in excess of 1 million need to be added to reach a ratio of 1.85 per thousand at an investment of US$ 77.9 billion.
India’s medical tourism sector to become a US$ 1.93 billion industry by 2015
According to industry body ASSOCHAM, India’s medical tourism sector is expected to grow at an annual rate of 30 per cent to become a US$ 1.93 billion industry by 2015 as foreign arrivals increase. About 1.8 lakh foreigners visited India for treatment in the first eight and half months of 2008-09 and their number would [...]
Medical Tourism in India is expected to become a US$ 2 billion industry by 2012
‘First World treatment at Third World prices’ is how industry sources define medical tourism in India. Although India is a recent entrant into medical tourism, it is fast catching up. According to Mckinsey, medical tourism in India could become a US$ 2 billion industry by 2012 (from US$ 350 million in 2006). It is estimated [...]
The Indian healthcare technology market to be worth more than US$ 254 million by 2012
Hospitals have realized that information technology (IT) can be an effective tool towards efficient systems. India has the fastest growing healthcare IT market in Asia, with an expected growth rate of 22 per cent, followed closely by China and Vietnam. According to Springboard Research, the Indian healthcare technology market is poised to be worth more [...]
Indian consumer spending on healthcare to increase from US$ 2054 to US$ 3514 per household between 2005 to 2015
According to Mckinsey, one-fifth of India’s population is likely to have medical insurance by 2015, leading to an estimated increase in consumer spending on healthcare from US$ 2,054 per household in 2005 to US$ 3,514 per household by 2015. The Insurance Regulatory and Development Authority (IRDA) has eliminated tariffs on general insurance as of January [...]
The Indian health insurance business projected to grow to US$ 5.75 billion by 2010
According to Mckinsey, currently only 10 per cent of the Indian population has health insurance, which means that there is tremendous scope for growth in this area. The Indian health insurance business is growing at 50 per cent. The sector is projected to grow to US$ 5.75 billion by 2010.
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