bullish
Apollo Hospitals Enterprise (APHS IN): Set to Benefit from Medical Tourism Resumption in India
331 Views19 Jul 2022 17:07
SUMMARY
- Medical tourism in India was negatively impacted by the pandemic. As the government is lifting travel restrictions, reopening border, and resuming international flight services, medical tourists have started returning back.
- Large corporate hospitals, having pan-India presence, like Apollo Hospitals Enterprise (APHS IN) are set to benefit from this trend. Medical tourism contributed 10% of revenue of Apollo in pre-pandemic era.
- Apollo’s market dominance and expansion plan in hospital and foray into online services have sharpened its competitive edge over competitors. Its healthcare business is expected to grow mid-teens this year.
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Tina Banerjee
Global Healthcare Analyst
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