Aditya Birla Sun Life Mutual Fund

India on the Health Track

Jul 05, 2019
5 mins | Views 9887

The Healthcare in India is ‘fastracking’ on the back of multiple things.

Pharma research & manufacturing, government’s policy support and growing consumption in Wellness, Fitness & Grooming are becoming the new buzz words. Some interesting numbers to look at:

  • India is the largest provider of Generic Medicines globally1.

  • India supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicine in UK1.

  • India contributes the 2nd largest share of pharmaceutical & biotech workforce in the world1.

  • Ayushman Bharat is the world’s largest healthcare scheme which is expected to benefit 100 million poor families1.

  • India's Medical tourism industry could grow by CAGR 200% by 2020, hitting $9 billion, according to Ministry of Tourism2.

  • There has been a 100% increase in user demand for fitness-tracking bands over the past year3 indicating a growing Preventive Health Care industry.

  • Dermatology has shown the fastest sales growth of 17.5% over last 5 years4.

There could be an opportunity waiting in the wings for pharma and healthcare industry. Aditya Birla Sun Life Mutual Fund presents an NFO to ride on this opportunity. Click here to know more.

1https://www.ibef.org/industry/pharmaceutical-india.aspx

2https://edition.cnn.com/2019/02/13/health/india-medical-tourism-industry-intl/index.html

3https://redseer.com/reports/indian-habit-of-being-healthy/

4https://timesofindia.indiatimes.com/india/not-diabetes-or-heart-disease-its-skin-ailments-worrying-indians-most/articleshow/66021285.cms

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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