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Wholesome restoration: Giant hospital gamers gaining market share, says HDFC Securities – ET HealthWorld


Mumbai: Promising restoration traits have been witnessed for India’s hospital sector as massive gamers have gained market share, mentioned HDFC Securities in a report.

Accordingly, the report cited secular progress, asset gentle fashions, India’s enormous demand-supply hole, rising medical insurance penetration, excessive out-of-pocket spends, enhance in medical tourism as compelling progress prospects for the business.

The report mentioned that adoption of “asset-light” fashions of enlargement, enhanced give attention to retail codecs – pharmacy, diagnostics and digital initiatives – are increasing avenues of progress whereas retaining the stability sheet gentle.

“Post Covid, recovery trends are promising with large players gaining share after a severe impact in 1HFY21, the industry witnessed healthy recovery trends in the past quarter.”

“Large players have gained market share as patients preferred visiting corporate chains or quality healthcare providers in the crisis time. We expect a gradual recovery in mature or flagship units of our covered companies as the international patient segment remains impacted.”

In addition to, the report mentioned that different hospitals or new items in tier 1 or 2 areas have carried out effectively and are anticipated to additional acquire traction.

“Other businesses received fillip during the crisis and their EBITDA are expected to grow at 20-30 per cent CAGR over FY20-23e.”

Moreover, the report identified that Capex traits are anticipated to stay moderated for the following two years.

“With headroom to operationalise beds at existing units and average occupancy at 60-70 per cent, we expect Capex trends to remain moderated for the next two years.”

As well as, it mentioned that pandemic has pushed better adoption of digital platforms however the buyer habits remains to be evolving.

“We believe the integrated offerings of digital platform (e-pharmacies, tele-consultation, diagnostics) and physical network could present meaningful synergies for players like Apollo (Apollo 24/7).”



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