Market size of healthcare innovation in India FY 2020-2028

Published by A. Minhas, Jun 27, 2024

In financial year 2023, the total market size of healthcare innovation in India amounted to approximately 30 billion U.S. dollars. Forecasts indicate that this figure will increase to around 60 billion dollars by fiscal year 2028. Within healthcare innovation, pharma services was the major sub-segment, followed by health-tech.

Market size of healthcare innovation in India for financial year 2020 and 2023, with an estimate for 2028 (in billion U.S. dollars)

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Release date

March 2024

Region

India

Survey time period

FY 2020 and FY 2023

Supplementary notes

*Estimate.

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 203.

One Indian rupee is equal to 0.011 euros and 0.012 U.S. dollars (as of May 2024)

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