The medical and healthcare industry has become one of the largest sectors of India in terms of both employment and revenues. Healthcare industry, which includes hospitals, nursing homes, pharmaceuticals, and diagnostics centers, constitutes 65% of the overall market. According to some proven stats, it is expected to record a CAGR of 16.5% by 2008-20. The main reason behind this tremendous growth is its strengthening coverage, services, and expenditure by public as well as private players.
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