Indian Healthcare value estimated to double by yr 2012 to US$14.2 bn: KPM

The Indian healthcare industry is estimated to double in value by year 2012 and more than quadruple by 2017 on account of rising income levels, changing demographics and illness profiles, with a shift from chronic to lifestyle diseases. As per the KPMG Indian Healthcare monitor, the health infrastructure across Indian states is projected to grow by an average of 5.8 percent per annum between 2009 - 2013, taking the total expenditure in 2013 to USD 14.2 billion.

Of the 32 Indian states that the report considers, the six states i.e. Maharashtra, Rajasthan, West Bengal, Uttar Pradesh, Tamil Nadu and Andhra Pradesh are forecasted to represent approximately 50 per cent of the expenditure for 2009-2013 period. In comparison to all 32 states, Maharashtra forecasted to maintain its dominance as the state with highest cumulative healthcare infrastructure expenditure, with spend of USD 7.3billion between 2009 - 2013. Uttar Pradesh that hosts over 16 percent of the population is presently amongst lowest spenders in terms of expenditure per person