Robust expansion plans in place with the target to add a total of about 4000 beds in the next 3-4 years
While an increase in healthcare spending in the upcoming Union Budget lies on top of the list of demands from India’s healthcare industry, hopes for stronger support towards R&D, a PLI-like scheme for hospital bed additions and cut in taxes to reduce input costs are also running high.
Motilal Oswal Wealth Management identified Lupin, Mankind Pharma, Piramal Pharma, Ipca Labs, and Max Healthcare as its top picks to capitalise on the robust growth in the domestic healthcare sector.
The healthcare sector has seen hospitals billing patients for ‘disinfection’ and adding “peak charges” for operation theatres, which is similar to what cab-hailing apps charge customers for, the ET report said
With the ramp-up of new projects and fresh order wins, the current growth trajectory should continue into FY25-26
Focused on replicating its home market success in the eastern and western regions of the country.
In India, public spending in the health sector has been historically low, with the government spending 1.3% of the GDP for public healthcare, as opposed to the global average of ~6 percent. With the Union Budget around the corner, what should the government do on this front?
The founder and CIO of ValueQuest also expects the Reserve Bank to undertake measures like open market operations or a CRR cut at its Feb 8 policy meeting to ease the liquidity situation, which should cheer the markets
Interim Budget: Healthcare advocates for direct funding to government hospitals, MSMEs eys enhanced production incentives. Maritime sector's key demands includes comprehensive financing policy
Healthcare sector saw higher upgrades in the last 18 months helped by the rise in hospital bed occupancy and realisations
Demand for wellness, better health awareness and greater access to medical facilities will drive the growth of all players in the healthcare industry and associated sectors.
ICICI Prudential Life, Kotak Life, Tata AIA Life, HDFC Life and SBI Life added at least one healthcare stock to their portfolios in May while raising stakes in several others.
The impact of this persistent pricing erosion was felt in the US revenues of companies like Alkem Laboratories, Gland Pharma, and Biocon, among others.
The Singapore-based investment giant recently sealed the biggest- ever private equity deal in the Indian healthcare sector by pumping in more than $2 billion in Manipal Hospitals. It is also invested in the listed firm Global Health.
The company claimed that Swaasa could detect and treat tuberculosis early using AI-led technology.
The company has launched its 'AXR Point' scanning confocal microscope that has the capability to provide a field of view of 25mm in one single shot thereby helping researchers to generate most accurate statistical data while imaging, Nikon India said in a statement.
Dhanani, the founder of Bengaluru based technology innovation company, feels India's potential of technological growth in healthcare sector completely untapped.
Narendra Modi was speaking after the inauguration of A M Naik Healthcare Complex and Nirali Hospital here built by a trust headed by group chairman of engineering conglomerate Larsen and Toubro's A M Naik.
The subsidiary, Adani Health Ventures Limited, will carry out the business of healthcare-related activities including the setting up of medical and diagnostic facilities, an exchange filing said.
Given the strong economic recovery, which has resulted in robust revenue collections, Singh thinks that government has enough elbow room to provide for higher capex growth and social sector spending like employment guarantee and cash transfer schemes.
Max plans to invest almost $450 million over four years. Low debt and annualised cash flows of $150 million can fund the capex
In the previous year's Budget, healthcare sector came up as a major winner. Giving top priority to health and well-being, the government increased the allocation to the sector by a whooping 137 percent to Rs 2.23 lakh crore.
Manipal Hospitals, which is now the second largest healthcare chain in the country thanks to two vital acquisitions, will deepen its presence in existing geographies and enter new territories.
Prime Minister Modi thanked the medical fraternity for their ongoing fight against the COVID-19 pandemic, and claimed that his government is committed towards the protection and welfare of doctors.
The domestic pharma industry is poised to grow at a CAGR of around 8-11 percent during FY 2020-2023.