India's Most Promising Hospital of the Year 2016
Pharma Leaders 2016 in a Nation wide Research brought together six promising Hospitals for the final six nominees at the much awaited historic 9th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards 2016. Corporate hospitals in India are increasingly attracting foreign patients for treatment which is boosting the country’s image as a hub of medical tourism.According to data available with industry experts, number of patients from abroad visiting India for treatment has been growing by 23 to 25 per cent per annum. India requires 600,000 to 700,000 additional beds over the next five to six years, indicative of an investment opportunity of US$ 25-30 billion. Given this demand for capital, the number of transactions in the healthcare space is expected to witness an increase in near future. The average investment size by private equity funds in healthcare chains has already increased to US$ 20-30 million from US$ 5-15 million.The overall Indian healthcare market is worth around US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a Compound Annual Growth Rate (CAGR) of 22.9 per cent. Healthcare delivery, which includes hospitals, nursing homes and diagnostics centres, and pharmaceuticals, constitutes 65 per cent of the overall market. The Healthcare Information Technology (IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020.
Here are the six finalists now in public voting for the final winner!
And the nominees are....
1. Sahyadri Hospitals
2. Kovai Medical Centre & Hospital
4. Sunshine Hospitals
5. Kohinoor Hospital
6. MaxCure Group of Hospitals
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