Market size of healthcare innovation in India FY 2023, by segment

Published by A. Minhas, Jun 27, 2024
In financial year 2023, the healthcare innovation market in India reached approximately 30 billion U.S. dollars. Within this sector, pharma services was the major sub-segment, with a market size of around 16 billion dollars. It was followed by the health-tech segment, with a market size of about seven billion dollars.

Market size of healthcare innovation in India in financial year 2023, by segment (in billion U.S. dollars)

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Release date

March 2024

Region

India

Survey time period

FY 2023

Supplementary notes

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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