The Indian healthcare sector encompasses hospitals, diagnostic services, manufacturers and distributors of medical devices and associated supplies, as well as health-tech companies.

• India’s healthcare market has seen sustained growth, reaching a value of over ₹34+ lakh crore in 2024, driven by rising demand, policy reforms, and private sector participation.

• Public healthcare spending is increasing steadily, with a ₹99,858 crore allocation in the Union Budget 2025–26 to enhance infrastructure and access.

• The sector is among India’s largest employers, with over 75 lakh people employed and an additional 63 lakh jobs projected by 2030.

• India’s hospital industry alone is projected to grow to nearly ~₹170 lakh crore by 2032, requiring significant investment in capacity expansion.

• The healthcare sector is also attracting strong investor interest, with ~₹1.2 lakh crore in private equity and venture capital investments since 2020. Notably, 58% of these flows came in just 2023 and 2024, led primarily by hospitals and clinics, which accounted for 60% of the total investments.

This smallcase includes a mix of hospitals, diagnostic centers, and health care equipment makers to help investors efficiently track and participate in the long-term growth of India’s healthcare sector.