Indian healthcare industry is quite advanced compared to many developing countries. All essential pharmaceuticals, surgical disposable, medical devices, antibiotics, anti virus medicines, vaccines are manufactured in India and freely available in domestic market. Indian healthcare market is massive, is forecast to increase to Rs. 8.6 trillion (US$ 132.84 billion) by FY22 from Rs. 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16–17%. The industry is highly fragmented, dominated by small and medium enterprises (SMEs). Some of the top industry leaders are Sun Pharmaceuticals, CIPLA, Cadilla, Glaxo, Ranbaxy, E Merck etc.
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