The healthcare market globally is a $11.9 Trillion market comprising healthcare services, pharmaceutical drugs, medical equipment, biologics, insurance, medical tourism and veterinary healthcare.  Healthcare services was the largest segment accounting for over 75% of the healthcare market. North America accounted for 41.9% of the global market while Asia and Africa are amongst the fastest growing markets. The Indian Healthcare market was estimated to be over $250 Billion with pharmaceuticals at $41 Billion, the hospital industry at about $67 Billion and diagnostics at $12 Billion.

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With technology making huge strides in diagnostics, surgery, medicine delivery and patient management, the next decade would witness great disruption in the healthcare market. Ai and analytics are playing a huge role in patient management and this segment is growing exponentially. Technology will play a vital role in the reduction of medical costs. Nanotechnology and Robotics are redefining surgeries and finding cures for difficult illnesses.

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The AYUSH healthcare market which comprises Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy is rapidly growing the world over as a system of natural herbal health management. The global herbal medicine market size was estimated to be $151.91 Billion in 2021 and India accounted for $18 Billion and under the new government initiatives is growing at a rapid pace. The global nutraceutical, minerals and vitamins market is growing exponentially especially after Covid19.