Ikon Marketing Consultants (IMC) Founder Azaz Motiwala said, “The global pharma market is expected to grow at 7 per cent to 8 per cent over the next five years, reaching an anticipated $1.7 trillion in 2020.”
By 2020, nearly 650 million people will have health insurance cover, while private insurance coverage will grow by nearly 15 per cent annually till 2020, he said. By 2020, the Indian healthcare industry is estimated to be worth $275.6 billion, he said.
According to the study, metros and Tier-1 markets, which have been growing at 14-15 per cent in the last five years, will drive growth in the industry.
(Published 13 September 2011, 14:44 IST)
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