(MENAFN – IANS)
Mumbai, April 3 (IANS) Promising recovery trends have been witnessed for India’s hospital sector as large players have gained market share, said HDFC Securities in a report.
Accordingly, the report cited secular growth, asset light models, India’s huge demand-supply gap, rising health insurance penetration, high out-of-pocket spends, increase in medical tourism as compelling growth prospects for the industry.
The report said that adoption of “asset-light” models of expansion, enhanced focus on retail formats – pharmacy, diagnostics and digital initiatives – are expanding avenues of growth while keeping the balance sheet light.
“Post Covid, recovery trends are promising with large players gaining share after a severe impact in 1HFY21, the industry witnessed healthy recovery trends in the past quarter.”
“Large players have gained…