India Specialty Clinics Market Size, Trends, Analysis, Growth 2024-2033

Description

India Specialty Clinics Market Size

India specialty clinics market generated earnings of roughly USD 42 Billion in 2023 and is projected to achieve revenue of about USD 125.86 Billion by 2033. It is expected to exhibit a compound annual growth rate (CAGR) of nearly 11.60% from 2024 to 2033.

India Specialty Clinics Market Outlook

Specialty clinics are emerging from general hospitals as a universal trend. Globally, niche specialties are being catered to by specialty clinics. Although the share of single specialty clinics is small, it is rapidly growing in India. The market for specialty clinics in India is highly fragmented, with the presence of many small and niche players. However, the popularity of these clinics is increasing day by day.

India has the largest number of patients paying out-of-pocket expenses for medical purposes. This phenomenon has led to the emergence of the ‘healthcare consumer,’ who is treated like a consumer and not just as a patient. The high expectations of healthcare consumers and the rise of branded private hospital chains have led to a shift in consumer attitudes towards doctors and hospitals. Over the last decade, the healthcare sector in India, which witnessed an initial wave of private investments in tertiary multi-specialty hospitals, has seen significant investments in single-specialty chains.

Specialty clinics save patients the pain of traveling to crowded and distant large hospitals, which has received a positive response from consumers over the years.

The rationale behind approaching a specialty clinic is that, in a specialty clinic, you receive medical attention from experts under one roof, whereas, in a hospital, you have to move from one department to another. It is also cost-effective.

India Specialty Clinics Market Growth Dynamics

Factors responsible for the booming India specialty clinics market of specialty clinics in India include increasing disposable income, the desire for special treatment, and the concentration of medical facilities in state capitals and metropolitan cities, leading to a gap in tier I and tier II cities. For example, Nephrocare has started its operation in Jalandhar to address this gap.

The rise of specialty clinics in India can be attributed to several factors, including an increase in middle-class income, greater awareness of health and disease prevention (such as diabetes, heart disease, and cancer), affordable healthcare costs, a rise in health insurance, and a large young population that is more aware of specialty options due to their access to the internet and social media. Other contributing factors include increasing health awareness among the population, a focus on specialty healthcare in a non-hospital ambiance, diagnostic-centric services, better accessibility, faster services with less queuing, and asset-light models with multi-specialty offerings.

India Specialty Clinics Market Demand

The ever-increasing demand for healthcare services in India has opened up significant opportunities to deliver affordable healthcare services to the rural and semi-urban population. This, coupled with the rising number of diseases, makes it essential for healthcare providers to increase the availability of healthcare services. Specialty clinics help bridge the gap between the demand and supply of healthcare services and facilities by providing cost-effective and superior care. There is a promising future for specialty clinics in India. With the increase in the number of players in this sector, competition will also rise.

Oncology, orthopedics, maternity, urology, dental, eyecare, IVF, and kidney dialysis are some of the major specialties. The report also provides a detailed analysis of the total number of hospitals in major therapeutic classes, average revenue per bed per day, and treatment costs. It includes a description of recent trends and developments, private equity investments in the sector, growth drivers and challenges, and the competitive landscape of major players in key therapeutic classes with revenue. Future prospects of the industry and future projections are also discussed.

Some of the players included in the India Specialty Clinics Market report are

• Fortis Escorts Heart and Research Centre (New Delhi)
• Tata Memorial Cancer Hospital (Mumbai)
• Sankara Nethralaya (Chennai)
• Vasan Eye Care (Chennai)
• HOSMAT Hospital (Bengaluru) among others.

Report Scope:

India Specialty Clinics Market Segmentation Analysis

Specialty clinics in India are expanding in size and reach. The major segments include eyecare, ENT, dental care, joint replacement, trichology, dialysis, diabetes clinics, weight management, and endocrine disorder clinics. Wellness and rehabilitation clinics of various kinds are also expected to emerge in the near future.

Technology plays a vital role in the functioning of specialty clinics. The technologies used in various standalone specialty clinics differ, requiring founders to have a sound understanding of these technologies. For instance, dermatology clinics use cosmetic lasers like Q-switched Nd:Yag lasers, fractional lasers, and diode lasers for hair removal, as well as dermabrasion, microdermabrasion, and chemical peels.

Advanced techniques used by doctors include laparoscopy, fiber optics, and imaging devices like Embryoscope (offered at Nova IVI). In vitro fertilization (IVF) involves uniting the ovum (egg) with the sperm in vitro to achieve a number of embryos for transfer to the mother’s uterus, along with cryopreservation and vitrification of eggs and embryos.

Major healthcare chains such as Fortis Healthcare and Apollo Hospitals have significantly invested in establishing single-specialty centers for dialysis, maternity care, and dental care in recent years. Fortis and Apollo have also set up maternity centers under their respective brand names.

The state-wise presence of hospitals in each category is presented as a market segment. The report provides a detailed analysis of the total number of hospitals in major therapeutic classes, the average revenue per bed per day in each class, and the cost of treatments. It also includes a comprehensive description of recent trends and developments, private equity investments in the sector, growth drivers and challenges, and the competitive landscape of major players in key therapeutic classes with revenue. Future prospects of the industry, along with projections, are also discussed.

• Eyecare
• ENT (Ear, Nose, and Throat)
• Dental care
• Joint replacement
• Trichology (hair and scalp treatments)
• Dialysis
• Diabetes clinics
• Weight management clinics
• Endocrine disorder clinics
• Wellness and rehabilitation clinics

• Fortis Escorts Heart and Research Centre (New Delhi)
• Tata Memorial Cancer Hospital (Mumbai)
• Sankara Nethralaya (Chennai)
• Vasan Eye Care (Chennai)
• HOSMAT Hospital (Bengaluru) among others.