The size of the total healthcare market in India was estimated at USD 265 billion in 2020. By 2022, the industry is projected to reach $372 billion at a CAGR of 22%. independent businesses and pharmacies, diagnostic services, medical devices and supplies, health insurance, telemedicine companies, medical tourism, and retail health services.
The Government of India has taken a variety of initiatives to boost the growth of the healthcare sector in the country and has seen positive results. Some of the better-known systems are Ayushman Bharat, National Health Policy (NHP) Scheme, Pradhan Mantri Swasthya Suraksha Yojana (PMSSY), and Pradhan Mantri Surakshit Matritva Abhiyan (PMSMA).
Overview Of Apollo Hospital Enterprise Limited
Apollo Hospitals was founded in 1983 and began its journey as the nation's first corporate hospital. AHEL has established telemedicine units in 10 countries, a global project advisory department, medical colleges, Medvarsity for e-learning, colleges of nursing and hospital management, and a research foundation. Apollo's footprint includes 11,000 beds, 4,500 pharmacies, 1,175 retail national health facilities, and a major online presence as of FY22. Apollo is the largest private sector custodian of
Covid vaccines in India.
Overview Of Fortis Healthcare Limited
Fortis Healthcare Limited (FHL) is an Indian multinational chain of private hospitals. The company started its healthcare operations in Mohali, where the first Fortis Hospital was built. Later, the hospital chain bought the healthcare division of the Escorts group and increased its strength in different parts of the country. The Fortis hospital network includes 36 hospitals. with more than 4000 operating theater beds. His company SRL Diagnostics has a network of more than 400 diagnostic centers and more than 2,250 points of contact with customers. Apollo hospitals have a larger operating scale than Fortis.
revenue
Over 53% of their revenue comes from healthcare services, followed by pharmacy distribution at 41% and AHEL at about 6%. Fortis Healthcare has two main businesses from which it derives income. Healthcare services contribute about 76% of their total revenue, with the remaining 24% coming from their diagnostic services. Gross Profit Margin reflects the success of a company's management in generating revenue, after accounting for the costs associated with producing its products and
services. For FY22, Fortis gross profit margin is higher at 19.0.
17% than the Apollo Hospital with 15.43%. Operating income shows how much a company makes after all variable costs have been deducted but before interest and taxes are paid. Fortis operating profit margin grew faster than Apollo 11 at 13.91%.
33%. Both companies' net profit margins have increased significantly since last year. Fortis' net margin is 13.39% and Apollo's is 7.50%.
Fortis underperformed Apollo in all areas in FY21, but significantly improved in those areas in FY22. ROE shows how efficient management is in leveraging equity funding from shareholders. For FY22, Apollo Hospitals ROE is 18.77% and Fortis has an ROE of 8.98%. If you really want to invest in fortis or apollo or any big health sectors do check out Apollo Hospitals Vs Fortis Healthcare with in-detailed Analysis on Trade Brains
