Demand for wellness, better health awareness and greater access to medical facilities will drive the growth of all players in the healthcare industry and associated sectors.Robust demand prospects have aided sharp gains for the healthcare sector in the recent months.
The healthcare space has grown by leaps and bounds in recent times, as expectations of strong demand in the coming decade have attracted investors as well as investments into the sector.All participants of the humongous healthcare ecosystem, which comprises hospitals, diagnostics as well as pharmaceutical companies, are expected to witness a strong demand upheaval in the years to come.
A teaser of the growing interest in the sector also translated into strong gains across different players within the entire healthcare universe. Pharmaceutical companies focused on the domestic market – Torrent Pharma, Alkem Laboratories, Zydus Life, GSK Pharma, Abbott India, Glenmark Pharma and Laurus Labs – have surged 4-38 percent in the past three months. Hospital companies like Apollo Hospitals, Fortis Healthcare, Global Health, Narayana Hrudayalaya, Krishna Institute of Medical Sciences and Max Healthcare also rose 22-43 percent in the same period.
Diagnostic players such as Dr Lal PathLabs, Vijaya Diagnostics, Metropolis Health and Krsnaa Diagnostics also gained 12-25 percent in the past three months. READ MORE
