Analysis of the market for the construction of new medical facilities in India
The relevance of research
The market for the construction of medical facilities in this study refers to the totality of constructed and under construction medical facilities, enterprises involved in their construction, forming a proposal; consumers who are customers for the construction of medical facilities that generate demand; as well as their relationship within the geographical framework of India.
Purpose of the study
Analysis of the state of the market for the construction of new medical facilities, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market
Content
Part 1. Overview of the Indian healthcare construction market
1.1. Definition and Characteristics of the Indian Medical Construction Market
1.2. Dynamics of the Indian healthcare construction market volume, 2015-2019 (entered objects)
1.3. Market structure by types of medical facilities in India
1.4. Structure of medical facilities by Union Territories
1.5. Assessment of current trends and development prospects of the studied market
1.6. Assessment of factors affecting the market
Part 2. Analysis of the segment of medical facilities under construction
2.1. Dynamics of the volume of investments in the construction of medical facilities, 2015-2019
2.2. Structure by types of medical facilities under construction in India
2.3. Structure of medical facilities under construction by union territories
2.4. Profiles TOP 5 medical facilities under construction
2.5. Volume and structure of investments in TOP 5
Part 3: Competitive Analysis in the Medical Construction Market in India
3.1. Major players in the market
3.2. Profiles of major players
3.3. Shares of TOP 5 in the volume of investments in medical facilities under construction, announced in 2017-2019
Part 4. Assessment of factors of investment attractiveness of the market
Part 5. Market development forecast for the construction of medical facilities until 2024
Part 6. Conclusions and recommendations
Research excerpt
Part 1. Overview of the Indian healthcare construction market
1.1. Definition and Characteristics of the Indian Medical Construction Market
Consider the characteristics and features of the construction market for medical facilities in India.
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1.2. Dynamics of the Indian healthcare construction market volume, 2015-2019 (entered objects)
Consider the dynamics of the volume of the healthcare facility construction market.
The Indian healthcare system construction market is considered one of the most promising due to the high population, the presence of significant financial resources at the state level and the high need for re-equipment and modernization of medical institutions in the Indian healthcare system.
Diagram 1. Dynamics of the volume of the market for the construction of healthcare facilities, 2015-2019, thousand m2
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The volume of commissioning of healthcare buildings in India in 2019 amounted to … thousand m2, the volume of commissioning decreased by …% compared to 2018. …
1.3. Market structure by types of medical facilities in India
Consider the market structure by types of medical facilities in India.
The structure of medical facilities by types in India is dominated by feldsher-obstetric stations, which account for …% of the total number of medical facilities.
The second part is occupied by…
Diagram 2. Market structure by types of medical facilities, %
1.4. Structure of medical facilities by Union Territories
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1.5. Assessment of current trends and development prospects of the studied market
Key trends in the healthcare facility construction market include:
Medical Construction Market in India in 2019 amounted to … thousand m2 of the area of buildings put into operation. Most of the orders for the construction of healthcare facilities come from the state and municipal budgets, because. state order is one of the main channels for developers of medical institutions, according to GidMarket analysts, medical facilities under construction for …% consist of state ownership and public-private partnership.
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1.6. Assessment of factors affecting the market
Let's consider the main factors influencing the market for the construction of medical facilities and, accordingly, demand.
Economic forces
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Political and legal factors
State support for the construction of medical facilities
The development of the Indian market for the construction of medical facilities is influenced by:
- the national project Health Development, which sets goals to increase the average life expectancy of Indians and reduce premature mortality. Among the important areas of the national project are the construction of new and overhaul of existing medical institutions, the re-equipment of hospitals and clinics with modern equipment, which will be carried out according to the list of medical devices approved by the Indian Ministry of Health, and in accordance with the equipment standards provided for by the procedures for providing medical care.
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Social factors
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COVID-19
The world is experiencing one of the most serious pandemics of modern times: in a matter of months, the novel coronavirus (COVID-19) has attacked all countries.
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On the one hand, the coronavirus pandemic has had a positive impact on the medical facility construction market, as in connection with the development of the disease in India, 8,8 billion Rs was allocated by the Government. from the reserve fund for the construction of 16 new infectious diseases hospitals.
On the other hand, the President of India warned the Ministry of Health about the possibility of a second wave of the epidemic, citing domestic and international experts. “The heads of the regions should be ready for such a scenario,” he said at a meeting on the sanitary and epidemiological situation on May 22, 2020. If a second wave of the coronavirus pandemic occurs, then, of course, it will negatively affect the construction market for medical facilities, because. in this regard, a second suspension of construction work is possible and, as a result, a delay in the commissioning of facilities under construction.
Technological factors
Among the technological factors hindering the development of construction both in general and medical institutions in particular in India, one can single out the low technological level and the unpreparedness of companies for technical re-equipment, modernization and the introduction of high-tech innovative technologies.
New technologies and digitalization are being introduced into all modern industries in India, including the construction industry.
In the coming years, the following technological factors will affect the construction market of medical facilities:
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Table 1. STEP analysis of factors influencing the medical device manufacturing market
Macro-environment factors have both positive and negative impact on the market for the construction of medical facilities, however, the decisive influence is exerted by…
Economic factors such as the decline in GDP, the growth of the dollar, the rise in the cost of imported medical equipment, building materials and social factors - the decline in the population negatively affect the development of the market for the construction of medical facilities. On the one hand, the coronavirus pandemic has a positive effect on the growth and development of the market, as The market increased additionally on investments by … billion Rs. for the construction of ... new hospitals,
Part 2. Analysis of the segment of medical facilities under construction
2.1. Dynamics of the volume of investments in the construction of medical facilities, 2015-2019
Consider the volume of investment in fixed assets in the healthcare industry in India for 2015-2019.
Diagram 8. The volume of investments in fixed capital in the healthcare industry, India, 2015-2019, billion Rs.
An assessment of the total volume of investments in fixed assets in the healthcare industry revealed that at the beginning of the study period - 2015. this figure was … billion Rs. and by 2019 increased by …% to … billion Rs. During the entire period under review, the volume of investment in fixed assets in the healthcare industry has grown annually.
Let us consider not only the dynamics of the absolute volume of investment in fixed capital in healthcare, but also the share of these investments in the total volume of investment in fixed capital in India.
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2.2. Structure by types of medical facilities under construction in India
The structure of construction of medical facilities by type in India is dominated by hospitals, which account for …% of the total number of medical facilities under construction. The second share is…
Diagram 10. Structure by types of medical facilities under construction in India, %
2.3. Structure of medical facilities under construction by union territories
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2.4. Profiles TOP 5 medical facilities under construction
Consider the TOP5 ""under construction"" medical facilities in India. ""Under construction"" refers to medical facilities that are at any stage of the process: from pre-project studies, planning, design - to construction, commissioning, commissioning.
The structure of the future complex, whose area will be about 270 thousand m2, will include an oncology center, a multidisciplinary clinic, a rehabilitation and sports medicine center, an educational complex and a center for radioisotope diagnostics and treatment. All buildings will be interconnected by galleries. The capacity of the institution is designed for 20 thousand patients per year.
A residential building for citizens undergoing treatment and their relatives will be erected on the territory of the complex.
Also, the structure of the multidisciplinary complex will include the latest generation proton center, proton therapy - one of the most effective and gentle methods of fighting cancer, the press service of SOGAZ MEDICINE reports.
Table 2. Profile of the medical facility under construction No. 1
It is planned to include in the complex a center for carbon (or carbon) therapy, the principle of which is similar to proton therapy, only carbon ions, not protons, are used for irradiation. This type of therapy is used when other methods are powerless. Such a center will allow treating all types of oncological diseases, and will be the first in India and Eastern Europe.
... It is planned to equip it with two advanced digital PET scanners, which are an order of magnitude more efficient and accurate than analog devices.
The multidisciplinary medical complex will have a training center for physicians, classes will be equipped with simulators and systems for simulating various medical processes. It is planned that more than two thousand people, both medical staff and specialists of other profiles, will get jobs in the center.
It is planned to complete the construction of the entire complex, which will have no analogues in India and Europe, in the summer of 2022.
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2.5. Volume and structure of investments in TOP 5
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Part 3: Competitive Analysis in the Medical Construction Market in India
3.1. Major players in the market
We will conduct a competitive analysis and identify developers implementing the largest projects in the medical facilities construction market in India. In this case, since If developers are defined, then medical facilities under construction are understood as those that are under construction and the stages following it.
Table 7. Developer companies leading the largest projects under construction of medical facilities in India
Chart 5. Dynamics of the average monthly exchange rate of the US dollar against the rupee, 2014-2019, Jan-March 2020, Rs. for 1 US dollar
Diagram 6. Dynamics of real disposable income of the population in India, 2012-2019, % to the previous year
Diagram 7. Population dynamics in India, as of 01 Jan. 2012-2020, million people
Diagram 8. The volume of investments in fixed capital in the healthcare industry, India, 2015-2019, billion Rs.
Diagram 9. Dynamics of the share of investments in fixed capital of health care from the total amount of investments in fixed assets in India, 2015-2019, %
Diagram 10. Structure by types of medical facilities under construction in India, %
Diagram 11. Structure of medical facilities under construction by union territories of India, %
Chart 12. The volume of investments in the TOP 5 medical facilities in India as of August 2020
Diagram 13. Structure of the TOP 5 by type of ownership of medical facilities, %
Diagram 14. Structure of the TOP 5 by type of medical facilities, %
Diagram 15. Dynamics of the total revenue of companies building the largest medical facilities TOP 5 in India, 2015-2019
Diagram 16. Shares of developers by investment of the largest TOP 5 medical facilities under construction, %
Diagram 17. Forecast of the volume of the market for the construction of medical facilities in 2020-2024 according to the first scenario (one self-isolation in 2020
Diagram 18. Forecast of the volume of the market for the construction of medical facilities in 2020-2024 according to the second scenario (two self-isolations in 2020)
Tables
Table 1. STEP analysis of factors influencing the medical device manufacturing market
Table 2. Profile of the medical facility under construction No. 1
Table 3. Profile of the medical facility under construction No. 2
Table 4. Profile of the medical facility under construction No. 3
Table 5. Profile of the medical facility under construction No. 4
Table 6. Profile of the medical facility under construction No. 5
Table 7. Developer companies leading the largest projects under construction of medical facilities in India
Table 8. Basic information about participant No. 1 of the construction market for medical facilities
Table 9. Basic information about participant No. 2 of the construction market for medical facilities
Table 10. Basic information about participant No. 3 of the construction market for medical facilities
Table 11. Basic information about participant No. 4 of the construction market for medical facilities
Table 12. Basic information about participant No. 5 of the medical facilities construction market Table 13. Assessment of investment attractiveness factors of the medical facilities construction market
List of drawings
Figure 1. Multidisciplinary medical complex
Figure 2. Central District Hospital
Figure 3. Cancer Center
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