New Delhi: The size of the Indian private hospitals market is expected to touch $ 54 billion by 2014, industry body Assocham on Friday said.
“Rising income levels and exposure to international standards of quality have led to increasing demand for quality private healthcare,” it said.
Currently, the market size of Indian private hospitals stands at $26 billion, the chamber said, adding that most people in the country prefer private hospitals for health check-ups.
It said the market size of the Indian diagnostic and pathology services segment is also likely to reach $2.5 billion by 2012 from $1.2 billion at present.
Private players are increasing their investments in smaller cities, Assocham said.
Several players in the segment have proposed significant investment on their expansion plans, it said.