Current Wellness Scenario in India
The preventive healthcare market in India is likely to double in size to 85000 Crore in the next five years providing a great opportunity for Diagnostic Centers. Present day Indians are much more aware about their health and wellness then it used to be a couple of years ago.
India’s life insurance sector is the biggest in the world with about 360 million policies which are expected to increase at a Compound Annual Growth Rate (CAGR) of 12-15% over the next five years. The country’s insurance market is expected to quadruple in size crossing 114000 Crore over the next 10 years from its current size of 428000 Crore. The pre policy checkup attached to these insurance policies also acts as a continuous feeder to the Diagnostic Centers.