India’s Private Hospitals Market Set to Surpass $200 Billion by 2030: Key Insights, ETHealthworld
New Delhi: Backed by rising private investment and the growing adoption of technologies such as telemedicine and AI, the Indian private hospitals market is projected to reach $202 billion by 2030, according to Brickwork Ratings.
According to the ratings agency, the sector, driven by rising demand, private investments, government initiatives, and tech adoption, is expected to make a strong leap from an estimated $122.3 billion in 2025 to $202.5 billion by 2030.
Among the subsegments, the analysis suggests that the medical tourism market, which attracted 7.3 million foreign patients in 2023–24 and is estimated at $8.7 billion in 2025, will record a two-fold increase to reach $16.2 billion by 2030. This growth will be led by rising demand for specialized treatments and stronger international partnerships.
While the average revenue per occupied bed (ARPOB) is expected to continue its upward trend, the average length of stay for leading chains including Max Healthcare, Fortis Healthcare, and Aster DM, among others, is projected to decline from the current 3–5 days to around 3.4 days, supported by operational efficiencies, technological enhancements, and faster patient movement.
Meanwhile, on the consolidation front, the ratings agency highlighted that in Q3 of the current calendar year, the sector reported 72 deals worth $3.5 billion, reflecting an exponential increase of 166 percent in total deal value over the previous quarter.
Commenting on the report, Rajeev Sharan, Head of Research, Brickwork Ratings, said the outlook for credit ratings of the private hospital industry in India remains “Positive”, supported by robust demand, healthy financial performance, effective risk management, and strong expansion strategies by leading hospital chains.
