The Silicon Review - Best Business Review Magazine Super 30 Companies of the Year 2019 | Page 32

An Interview with Girish Arora, Alniche Life Sciences Pvt Ltd
Founder and MD: ‘We Formed Business Verticals to Expand
Coverage to New Markets and Therapy Areas in Line With
Our Growth Expectation, this Brings Focus to Key Brands and
Support Global Licensing Portfolio’
“We at Alniche Life Sciences are envisioned to bring novel global products across various therapies
and establish deep engagement with the medical fraternity.”
pharmaceuticals, diagnostics
(imaging and pathology), medical
equipment and supplies, medical
insurance and telemedicine.
Growing incidence of lifestyle
diseases, rising demand for
affordable healthcare delivery
systems due to the increasing
healthcare costs, technological
advancements, the emergence of
telemedicine, rapid health insurance
penetration and government
initiatives like e-health together
with tax benefits and incentives are
driving healthcare market in India.
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Sitting: Mr. Girish Arora, Founder & MD
Standing (R-L) - Ms. Ritu Hasija- Director-Corporate Affairs
Mr. Sumit Arora- Director-Sales and Logistics
Mr. Karan Arora- Director-International Business
Ms. Mehak Arora- Director-Procurement and Planning
ealthcare industry in India
comprises of hospitals,
medical devices, clinical
trials, outsourcing, telemedicine,
medical tourism, health insurance
and medical equipment. The
industry is growing at a tremendous
pace owing to its strengthening
coverage, services and increasing
expenditure by public as well
AUGUST 2019
private players. India’s healthcare
market is expected to see a threefold
jump in value to reach $372 bn by
2022. The healthcare industry in
India stood as the fourth largest
employer.
Key components of the healthcare
market in India are hospitals
(Government and Private),
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•
The hospital industry in India,
accounting for 80% of the total
healthcare market, is witnessing
a huge investor demand from
both global as well as domestic
investors. The hospital industry
is expected to reach $ 132 bn by
2023 from $ 61.8 bn in 2017;
growing at a CAGR of 16-17%
The medical tourism industry
in India is expected to double
its value to become a $ 6 bn
industry by 2018 from $ 3 bn in
2017. Medical tourist arrivals in
India increased by over 50% to
200,000 in 2016 from 130,000
in 2015
The diagnostics industry in
India is currently valued at $
4 bn. The share of organized
sector is almost 25% in this