Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment & has become one of the largest Industry. Indian healthcare delivery system is categorized into two major components -
1) Public and 2) Private.
India's competitive advantage lies in its large pool of well-trained medical professionals & The cost of surgery in India is about one-tenth of that in the US or Western Europe. India is experiencing 22-25 per cent growth in medical tourism and the industry is expected to double its size in the next 5 Years. Revenue are growing good but still struggling for Profits due to high input cost.
Best in this industry is Apollo Hospital. Why?
With Total Marketcap of 1 Lakh Cr Apollo alone Is responsible for 50% Market cap. While TOP 4 ie Apollo, Max, Fortis & NH are responsible for 99% of Market cap.
With Total Sales of 22000 Cr again more then 50% comes from Apollo alone while 90% sales comes from same TOP 4.
Considering Profitability, None other than Apollo is able to generate Profits and Positive ROE. Apollo is the Only Company among TOP players to make Consistent Profits since 3 Decades.
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