Chandigarh and Pune to Emerge as New Hub for Hospital Services

The Indian hospital service market is forecasted to grow at a CAGR of around 9% during 2010-2015, says a new research by RNCOS.

Noida, India, November 29, 2009 --( India has emerged as a new destination for hospital services. The demand for hospital services has significantly soared in last few years due to increasing prevalence of diseases, improving affordability and rising penetration of health insurance. According to their new research study “Booming Hospital Services Market in India”, it is anticipated that in excess of 1 Million hospital beds will be required to meet the growing demand for hospital services in India.

Their team of industry analysts has done an extensive research on this industry and found that the hospital services market is presently dominated by unorganized private players. Moreover, the research anticipates that revenues from hospital services will grow at a CAGR of around 9% during forecast period (2010-2015).

They have also found that there exists a strong demand for these services in Tier II and III cities where people are looking for modern, best-in-class and effective treatments along with diagnostic facilities. Their report has identified and analyzed these cities on the basis of various factors. Chandigarh and Pune hold the maximum potential to be developed as new destination for quality healthcare services. Besides these two, Lucknow, Jaipur and Trivandrum are among several other locations that can be developed into attractive centers for providing healthcare services comparable to international standards.

They have also examined cost factors involved in setting up of hospital services and tried to find out the investments required to meet this demand for hospital beds. The report has studied the importance of foreign investments in the development of industry and provides some useful information that can be beneficial for those who are looking to invest in the market or seeking investments for expansion.

“Booming Hospital Services Market in India” provides an in-depth analysis of the hospital service market and its segments, with emphasis on their future direction. It updates about the current market trends dominating the Indian hospital service market. The report works as a complete investment guide for those clients who are looking to invest in the market and will be useful for them while devising their strategies.

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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.

Shushmul Maheshwari
Chief Executive
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