New Delhi: Backed by rising private investment and the growing adoption of technologies such as telemedicine and AI, the Indian private hospitals market is projected to reach $202 billion by 2030, according to Brickwork Ratings.

According to the ratings agency, the sector, driven by rising demand, private investments, government initiatives, and tech adoption, is expected to make a strong leap from an estimated $122.3 billion in 2025 to $202.5 billion by 2030.

Among the subsegments, the analysis suggests that the medical tourism market, which attracted 7.3 million foreign patients in 2023–24 and is estimated at $8.7 billion in 2025, will record a two-fold increase to reach $16.2 billion by 2030. This growth will be led by rising demand for specialized treatments and stronger internatio

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