DARE - Because Entrepreneurs Do

Lining up every day at the front desks of big corporate hospitals in the country are health-conscious executives who want to take health check-ups but would not care much to wake up every morning an go out for walks. They would care either in gulping down loads of soft drinks, fast food and deep-fried samosas but yes they would not miss any appointment for health checkups. Call it fashionable or the real concern for good health, the market for preventive healthcare is booming like never before. Some estimated peg the market size at around $900 million.

An executive health checkup at a 5-star hospital in Delhi costs Rs 3,500. A number of packages are listed on the brochure. The basic check up is priced at Rs 3,250. Presuming that 500 people check-in every day to avail of the check-up priced at Rs 3,500. This brings in Rs 17,50,000.  This can be extrapolated to calculate the annual figures, which is of course huge. 

Healthcare is one of the largest service sectors in the country with estimated revenue of around $ 30 billion constituting 5% of GDP and offering employment to around 4 million people, according to industry chamber CII. By 2025, Indian population will reach 1.4 billion with about 45% constituting urban adult (15 years+). "To cater to this demographic change, the healthcare sector will have to be about $100 billion in size contributing nearly 8 to 10% of the then GDP. By then, the 10 large national healthcare networks would be able to absorb 30% of the market share," adds CII.