healthcare space

India needs an additional 2 billion square feet of healthcare space to cater to its current population base of 1.42 billion people, according to Knight Frank and their partner Berkadia.

The anticipated number of additional beds required to achieve the acceptable ratio of 3 beds per 1000 inhabitants is 2.4 million. While the country’s current bed-to-population ratio is 1.3/1000 people (including both commercial and governmental hospitals), there is a 1.7/1000 population deficit.


This disparity presents an opportunity for both public and private businesses to extend their presence in India’s healthcare industry. According to the Indian government, there are approximately 582 investment opportunities in medical infrastructure, including hospitals, worth at $32 billion.

The hospital industry in the country, accounting for 80 per cent of all healthcare. It currently has an estimated 70,000 hospitals, with the private sector accounting for 63 per cent of the total. In fact, the healthcare market is expected to rise from $73 billion in 2012 to $372 billion in 2022.

The healthcare sector is driven by factors such as an ageing population, rising per capita incomes, increased health awareness, and the penetration of health insurance. Furthermore, there has been an increase in the prevalence of lifestyle disorders, particularly cardiovascular diseases, which would increase the demand for specialised healthcare.


Furthermore, it is growing as one of the world’s most affordable healthcare destinations, offering high-quality medical operations at a low cost. According to the Medical Tourism Index (2020-21), India is placed 10th out of 46 global destinations.

“Post-pandemic, healthcare ranks among the mainstream avenues for investors looking for investments in long-term income-generating assets. According to our Attitudes Survey, almost one-fourth of the Indian ultra-high net worth individuals had cited investing in healthcare-related assets in 2023. There is also an emerging opportunity for investments in medical research and development,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.

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