Indian Health Insurance Industry to Outperform by 2013

The health insurance industry in India is forecasted to grow at a CAGR of around 41% by FY 2013 owing to increasing awareness and rising healthcare costs, says RNCOS in its latest research study.
 
 
Spread the Word
Listed Under

Tags:
* Indian Healthcare
* Indian Healthcare Industry
* Indian Healthcare System
* Indian Healthcare Scenario

Industry:
* Healthcare industry

Location:
* Noida - Uttar Pradesh - India

Feb. 16, 2010 - PRLog -- As per our new research report “Indian Healthcare - New Avenues for Growth”, the health insurance industry in India is expected to register robust growth rate in coming years and will see a CAGR of around 41% during FY 2010-2013. The industry future is promising despite the concern of lack of awareness in majority of the population. We have found that the health insurance industry growth will mainly be driven by rising healthcare costs and prospering middle class population, encouraging people to secure their health by taking medical coverage. Government initiatives, including the detariffing of general insurance industry and the rationalization of premium rates, will also give impetus to the industry.

Our research indicates that presently only 10% of Indian population is covered under health insurance, indicating that there is tremendous scope for growth in this area. Low penetration rate will be covered by a slew of innovative schemes and better coverage for urban as well as rural population. We have also evaluated various factors that will propel growth in the Indian health insurance market over the forecast period (FY 2010-FY 2013).

Besides, we have done an extensive research and prudent analysis of the Indian healthcare market in order to understand the factors that will continue to serve as market drivers in coming years. We have identified that factors such as growing per capita healthcare spending, epidemiological transitions and change in the demographic profiles have supported the healthcare insurance industry to make strong headways and post healthy growth rate. The report also gives insight into the role of private players to popularize the concept of health insurance in the Indian populace.

"Indian Healthcare - New Avenues for Growth" provides thorough analysis of various segments of the healthcare industry like hospital services, pharmaceuticals, medical devices, medical tourism, medical textiles, outsourcing services, infrastructure and path labs, together with a number of other sectors. It gives comprehensive information about each of the industry parameters like key market drivers, emerging sectors and market restraints. Most importantly, the report gives future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the healthcare industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM151.htm

Check DISCOUNTED REPORTS on: http://www.rncos.com

# # #

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
End
Source:
Email:***@rncos.com Email Verified
Phone:91-120-4224-700
Zip:201301
Tags:Indian Healthcare, Indian Healthcare Industry, Indian Healthcare System, Indian Healthcare Scenario
Industry:Healthcare industry
Location:Noida - Uttar Pradesh - India
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
RNCOS E-Services Pvt Ltd. News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share