Indian Ayurvedic Industry To Grow To $ 4.4 Billion by The End of This Year - The Economic Times

18/09/2019 Indian ayurvedic industry to grow to $ 4.
4 billion by the end of this year - The Economic Times

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Indian ayurvedic industry to grow to $ 4.4

billion by the end of this year
To add to the bullish outlook, the Indian ayurveda industry is projected to record a
compounded annual growth rate of a robust 16 % until 2025.
ET Bureau | Nov 19, 2018, 05.35 PM IST
1
Comments
Agencies
KOCHI: A study by the Confederation of
Indian Industry (CII) said the ayurveda sector
in the country will achieve a gross market
size of $ 4.4 billion, or roughly Rs 30,000
crore by the end of 2018. To add to the
bullish outlook, the Indian ayurveda industry
is projected to record a compounded annual
growth rate of a robust 16 % until 2025.
The study focused on the market size of the

The size of the Indian ayurveda industry at Rs 30,000 Indian ayurveda industry, its strengths and
crore per annum compares well with the overall market the way forward. It said as much as 75 % of
size of the Indian wellness industry which is put at Rs the $ 4 billion Indian ayurveda market is
85,000 crore. accounted for by products and only a quarter
of the market size is contributed by services.
The $ 4 billion domestic market comprises ethical, classical, over-the-counter, personal
care and beauty products. It also includes services like medical, well-being or medical
tourism services.
Most Read Most Shared
A key finding of the study is that India’s ageing population and the rise of a young
SBI revises service charges for deposits and
population that is health conscious, will drive the growth of the ayurveda sector in the
withdrawals from October 1
country.
View: A bank’s race against crisis puts India on
warning
The size of the Indian ayurveda industry at Rs 30,000 crore per annum compares well with
the overall market size of the Indian wellness industry which is put at Rs 85,000 crore. Lower discounts, economic slump take toll: Click-
wait for ecommerce as consumers put off buys
What is significant is that the Ayurveda sector is poised to grow at high double-digit levels
in the coming years, and that it continues to be the most important player in the global Hotels body seeks police probe against Oyo
ayurveda market. Irregular deals by brass may have led to Rs 3000

crore loss for CG Power: Report
Two challenges to the sector pointed out by the CII study are a shortage of manpower and More »
shortage of quality raw materials. The industry is facing a shortage of skilled professionals
including doctors, paramedical staff, therapists and nurses and there appears to be a lack
of uniformity in skill and knowledge among the available manpower. On the raw materials
STRATEGY
front, there are wide variations in the quality of raw materials as well as a shortage of
Quick Heal now in
various medicinal plants and herbs because they are becoming endangered or there is uncharted territory
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lower production owing to factors such as NEWSLETTER
adverse weather conditions.
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18/09/2019 Indian ayurvedic industry to grow to $ 4.4 billion by the end of this year - The Economic Times
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How hospitals are
unlocking value
The study result has come as Kochi is poised to host the global ayurveda summit from
Healthcare will be a dominant theme in
November 21 to 23. The summit will discuss strategies for mainstreaming ayurveda and developing India over the next few d...
explore opportunities in the sector for entrepreneurs including start-ups.
Read more on Kochi Onfederation Of Indian Industry Ayurveda Indian Ayurvedic Industry
Ayurveda Sector
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He expressed confidence that development in Jammu and Kashmir in next five years
would make people there wonder why there was a need for Article 370 in the first place.
The Centre recently abrogated Article 370 which gave special status to Jammu and
Kashmir.
The minister was interacting with the media on the sidelines of the inauguration of a new
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Asked about a lot of infectious ailments re-emerging and how prepared the country is to
tackle diseases like Ebola, he said a robust surveillance system of international standard
has been developed to check various diseases.
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diseases. When Ebola happened in 2014, I was the one who handled it and everyone
knows how effectively we handled it," he said.
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direction.
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nip it in the bud," he said.
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five years, the overall thrust of the government has been to ensure strengthening the
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"If there are genuine issues or concerns, not only of vaccine makers but everybody, the
government is receptive to them and committed to resolving the issues that are in the
interest of the country," he said.
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farmers
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Get Cleopatra's beauty with cow urine: Gujarat
and Family Welfare, Ashwini Kumar board
Choubey said here on Saturday that AYUSH
Ministry is seriously working on using cow
urine for preparation of medicines and for
treatment of cancer.
"Cow urine is used in the preparation of
several types of medicines. It is used even
for the treatment of incurable disease like
Ashwini Kumar Choubey cancer. The urine of the indigenous variety of
cow is often used. The Ministry of AYUSH is
seriously working on it," said Ashwini Kumar Choubey.
"The government is working on the protection and conservation of cows," he said.
"Non-communicable diseases like diabetes and cancer are a challenge all over the world.
We cannot claim to eliminate the diseases completely but we can control it and for it, the
government of India has set a deadline 2030 under sustainable development goal," said
Choubey.
He also said that the Health Ministry is studying a proposal to include cancer treatment
under the Ayushman Bharat Prime Minister Jana Arogya Yojana (JAY),
The Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy
(AYUSH) does development, education and research in the field of alternative medicine.
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BCCL
HYDERABAD: Apollo Hospitals Group has Buy Cadila Healthcare. target Rs 250: Abhijit
Pathak
announced conducting two global healthcare
conferences in Hyderabad from September Australia shares slip, pressured by tech, healthcare
stocks; NZ falls
13th under the aegis of International Health
Dialogue. Is Piramal Enterprises a misfit in healthcare
indices?
These include the eighth edition of the

International Patient Safety Conference
(IPSE) and the ninth edition of the
International Conference on Transforming
Healthcare with Information Technology
(THIT).
Addressing journalists in Hyderabad on Friday, the Apollo Hospitals Group joint managing
director Dr Sangita Reddy said IPSC, the largest patient safety-focussed conference in
Asia, will address critical issues in patient safety with global experts on the subject
discussing the role of proactive practices and streamlined systems in improving patient
safety.
Global thought leaders and stalwarts from leading organizations such as Joint Commission
International (JCI), World Innovation Summit for Health (WISH), NABH, PWC, AsQuA,
IMA, FSSAI, ISA, CAHO and HIMA will discuss and share their experiences. The
discussions at the conference will range from debates on technology versus touch, the
healthcare manpower of the future, overall patient safety aspects including infection
control, medication management, radiation safety, facility safety and accreditations.
“The International Patient Safety Conference serves as a platform where all stakeholders
can share experiences, exchange ideas, and discuss best practices for improving patient
safety,” said Dr Sangita Reddy. “We look forward to an outcome where the suggestions
generated are integrated into a national policy to improve patient safety across the
healthcare system.”
Transforming Healthcare with Information Technology, in partnership with College of

Healthcare Information Management Executives (CHIME) and International Society for
Telemedicine & eHealth (ISfTeH), will be India’s largest Healthcare and IT conference and
trade show. The conference will showcase artificial intelligence in healthcare, machine
learning in Medical Imaging, Enterprise Digital Health Solutions, Digital Health in Health
Delivery Organizations Standards and Policies for Digital Health in India from national and
international healthcare technological luminaries.
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Dr Hari Prasad, president of hospitals division Apollo Hospitals Group said the twin
conferences offer wide range of subjects which are relevant in the changing environment
today. Patient harm was the 14th leading cause of morbidity and mortality globally,
y g y yg y
comparable to diseases such as tuberculosis and malaria. “Technology is transforming
healthcare in all its aspects. AI and automation technology are changing healthcare
delivery and discoveries in medical technology are revolutionizing diagnosis and
treatment,” he said.
Over 2,500 representatives from the medical and technology sectors, public policy makers
and government officials are expected to attend the twin conferences to make healthcare
safer and better.
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LGT Lightstone pumps Rs 140 crore into

Kauvery Hospital Related Most Read Most Shared
The proceeds from this round will be used to deepen Kauvery’s presence in Tamil Nadu DMK Cadre outside Kauvery hospital become easy
and expand its footprint across South India. targets for pickpockets
ET Bureau | Sep 05, 2019, 08.39 PM IST M Karunanidhi moved to Kauvery Hospital after
health decline post midnight
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BCCL hospital in Chennai
CHENNAI: Chennai-based Sri Kauvery
Medical Care, which runs the Kauvery
Hospital chain healthcare centres in Tamil
Nadu, has raised Rs 140 crore equity capital
from India-focused impact investment Top Trending Industry Terms
platform LGT Lightstone Aspada, said a
release.
Mid-market investment advisory Veda

Corporate Advisors, which had helped seal
many healthcare deals before, had assisted
Kauvery Hospital in the transaction.
The proceeds from this round will be used to deepen Kauvery’s presence in Tamil Nadu
and expand its footprint across South India.
“We are looking at adding 12-15 hospitals with an aggregate capacity of 3,000+ beds to
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our network over the next 3-5 years with a major focus on South India. The expected funds
to be deployed for this proposed expansionrishi.m.agarwal@gmail.com
will be around Rs 7,00 crore. This expansion Subscribe Now
will be done through a mix of strategic partnerships acquisitions and brownfield hospitals ”
will be done through a mix of strategic partnerships, acquisitions and brownfield hospitals.
said S Chandrakumar, Founder, Executive Chairman, Kauvery Hospitals.
“Our investment in Kauvery is an important milestone in our effort to contribute towards

building an interconnected healthcare system in India that improves overall health
outcomes and affordability. We are excited to partner with the team at Kauvery in their goal
of setting the benchmark for care-standards and affordability at scale in the Indian hospital
segment” said Kartik Srivatsa, Managing Partner LGT Lightstone Aspada.
An over two-decade-old hospital brand, Kauvery Hospital has presence in 5 cities in Tamil
Nadu spanning Tier-I and Tier-II markets in Trichy, Chennai, Salem, Hosur and Kariakudi.
It offers services primarily in the areas of cardiology, gastroenterology, nephrology,

neurosciences, trauma, critical care and oncology. The hospital has recently set up
comprehensive and advanced neuro and spine treatment for complex spine deformity
correction surgeries.
Read more on Kauvery Hospital LGT Lightstone Aspada The Lightstone Group
Veda Corporate Advisors LGT Lightstone
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India to contribute USD 2,00,000 for WHO

SEARO health emergency fund: Harsh Related Most Read Most Shared
Vardhan Malaria eradication top priority for govt: Harsh

Vardhan
At the event, health ministers of WHO's South-East Asia Region also signed the Delhi
NMC, autonomous boards to come up within six
Declaration on Emergency Preparedness.
months: Harsh Vardhan
PTI | Sep 03, 2019, 06.26 PM IST
National Medical Commission bill to be biggest
0 reform: Harsh Vardhan
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10.74 crore families benefited under Ayushman
PTI
NEW DELHI: Union Health Minister Harsh Bharat: Harsh Vardhan
Vardhan said on Tuesday India will
Getting states to invest more in health is a major
contribute USD 2,00,000 for the WHO challenge: Harsh Vardhan
South-East Asia region's heath emergency
India-US relationship on very sound footing: Harsh
fund meant for rapid response towards both Vardhan Shringla
natural disasters and human-generated
hazards. He made the announcement at a
ministerial round-table on 'Emergency
Preparedness' at the 72nd Session of the
World Health Organisation (WHO) Regional Top Trending Industry Terms
DAILY NEWSLETTER
Committee of South-East Asia here.
Union Health Minister Harsh Vardhan rides a bicycle to jio import duty on LED TV panel oyo
the venue of 72nd Session of the WHO Regional rishi.m.agarwal@gmail.com Subscribe Now Indian Auto Market News India Banking news
Committee for South-East Asia meet, in New Delhi. At the event, health ministers of WHO's
,
South-East Asia Region also signed the
Delhi Declaration on Emergency Preparedness.
"I am very happy to announce that India will contribute USD 2,00,000 towards
implementation of the preparedness stream under the South East Asia Health Emergency
Response Fund (SEARHEF), and we will release this support at the earliest," Vardhan
said.
In the morning, Vardhan, WHO Chef de Cabinet Bernhard Schwartlander, and Bhutan's
Minister of Health Dechen Wangmo cycled to the venue of the meet to focus on
strengthening promotive and preventive health so that people adopt healthy lifestyle.
Later, Vardhan also led a yoga session at the venue which was attended by delegates and
health ministers from eight of the 11 SEARO countries. They also went for cycling after the
yoga session.
Vardhan said after Prime Minister Narendra Modi gave a call at the United Nations General
Assembly to recognise yoga as a provider of holistic approach to health and wellbeing, the
UNGA adopted a resolution to observe June 21 as International Day of Yoga.
"This, along with Eat Right India campaign, will help us effectively fight lifestyle diseases
such as hypertension, obesity and diabetes," the Union health minister said, adding the
prime minister has recently launched the 'Fit India Movement' and urged all people to
make fitness a part of their daily routine.
Highlighting Cyclone Fani, that hit Odisha in May this year, as a case study in early
preparedness and disaster management, Vardhan said accurate weather prediction,
effective early warnings, sturdy preparedness for timely shifting of nearly 1.15 million
people to cyclone shelters, combined with other risk mitigation measures helped to save
many lives.
"Special surveillance was mounted for early detection and control or containment of
vector-borne and water-borne diseases. There has been no outbreak of epidemic-prone
disease following cyclone Fani," he said.
He further said the whole exercise of accurate prediction of cyclone Fani and saving
thousands of human lives was appreciated and acknowledged by the United Nations and
many other international agencies.
"The earlier concept of disaster risk-mapping is rapidly getting blurred with large sections
of hitherto unexposed population getting vulnerable to natural and man-made hazards.
This calls for requisite systems strengthening. For a country this large, addressing
multiplicity of hazards is a critical challenge," the Union health minister said.
Informing the meeting that in the recent past, India has provided timely medical supplies
worth USD 10 million to 13 countries spread over South-East Asia, Asia Pacific and Africa
requiring humanitarian assistance, he said, "We continue to extend medical assistance to
six countries this year with supplies worth USD 5 million."
About managing rumours during public health emergencies, Vardhan said, "It is important
to share authentic information with the people, as we are the custodians of their faith and
as public service providers, need to keep them informed about our support."
Eight health ministers from eight of the 11 countries of the WHO South East Asia Region
(SEAR), Dr Poonam Khetrapal Singh, Regional Director, WHO South-East Asia Region
and senior officers of the Health Ministry were present at the ministerial roundtable.
This is the second time that India is hosting

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WHO Regional Committee of South-East
Asia meeting.
Read more on Narendra Modi Harsh Vardhan World Health Organization Hypertension
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NMC, autonomous boards to come up within six months: Harsh Vardhan
National Medical Commission bill to be biggest reform: Harsh Vardhan
10.74 crore families benefited under Ayushman Bharat: Harsh Vardhan
Getting states to invest more in health is a major challenge: Harsh Vardhan
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Indian Ayurvedic Industry To Grow To $ 4.4 Billion by The End of This Year - The Economic Times

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Indian Ayurvedic Industry To Grow To $ 4.4 Billion by The End of This Year - The Economic Times

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18/09/2019 Indian ayurvedic industry to grow to $ 4.

4 billion by the end of this year - The Economic Times

Biotech Healthcare Pharmaceuticals

Indian ayurvedic industry to grow to $ 4.4

The study focused on the market size of the

ayurveda market. Irregular deals by brass may have led to Rs 3000

Can Brian Humphries

The company has been cutting costs and

Comments (1) Add Your Comments

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