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India Physician Groups Market

ID: MRFR/MED/50836-HCR
200 Pages
Garvit Vyas
October 2025

India Physician Groups Market Size, Growth Research Report By Type of Physician Groups (Independent Physician Groups, Hospital-Affiliated Physician Groups, Multispecialty Physician Groups, Single Specialty Physician Groups), By Service Offered (Primary Care Services, Specialty Care Services, Emergency Care Services, Preventive Care Services), By Practice Size (Small Practices, Medium Practices, Large Practices) and By Payer Mix (Public Payers, Private Insurers, Self-Pay)- Competitor Industry Analysis and Trends Forecast Till 2035

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India Physician Groups Market Summary

As per analysis, the India physician groups market is projected to grow from USD 3.91 Billion in 2024 to USD 6.0 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.97% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The India physician groups market is experiencing a transformative shift towards digital integration and preventive care.

  • The cardiology segment remains the largest in the India physician groups market, driven by increasing cardiovascular diseases.
  • Oncology is the fastest-growing segment, reflecting a rising incidence of cancer and advancements in treatment options.
  • Small group practices dominate the market, while large group practices are emerging rapidly due to their scalability and resource efficiency.
  • Key market drivers include rising demand for specialized care and government initiatives promoting preventive healthcare.

Market Size & Forecast

2024 Market Size 3.91 (USD Billion)
2035 Market Size 6.0 (USD Billion)
CAGR (2025 - 2035) 3.97%

Major Players

Apollo Hospitals (IN), Fortis Healthcare (IN), Max Healthcare (IN), Manipal Hospitals (IN), Narayana Health (IN), Medanta (IN), Care Hospitals (IN), KIMS Hospitals (IN), Aster DM Healthcare (IN)

India Physician Groups Market Trends

The India physician groups market is currently experiencing a transformation driven by various factors, including technological advancements, changing patient expectations, and evolving healthcare policies. The integration of digital health solutions appears to be reshaping how physician groups operate, enabling them to enhance patient engagement and streamline administrative processes. Telemedicine, electronic health records, and mobile health applications are becoming increasingly prevalent, allowing for improved access to care and more efficient management of patient information. This shift not only benefits healthcare providers but also empowers patients to take a more active role in their health management. Moreover, the regulatory landscape in India is evolving, with the government implementing policies aimed at improving healthcare delivery and accessibility. Initiatives to promote preventive care and wellness are gaining traction, which may lead to a greater emphasis on primary care services within physician groups. As the market continues to adapt to these changes, collaboration among healthcare providers, insurers, and technology firms is likely to become more pronounced, fostering an environment conducive to innovation and improved patient outcomes. The future of the India physician groups market seems promising, with potential for growth and enhanced service delivery as stakeholders navigate these dynamic trends.

Digital Health Integration

The incorporation of digital health technologies is reshaping the India physician groups market. Telemedicine and electronic health records are becoming essential tools for enhancing patient care and operational efficiency. This trend indicates a shift towards more accessible healthcare services, allowing patients to engage with their providers remotely.

Regulatory Changes

Recent regulatory reforms in India are influencing the operational landscape for physician groups. The government's focus on improving healthcare access and quality suggests that physician groups may need to adapt their practices to align with new policies, potentially leading to enhanced service delivery.

Emphasis on Preventive Care

There is a growing focus on preventive care within the India physician groups market. This trend reflects a broader shift towards wellness and health promotion, encouraging physician groups to prioritize preventive services and patient education, which may ultimately improve health outcomes.

Market Segment Insights

By Specialty: Cardiology (Largest) vs. Oncology (Fastest-Growing)

In the India physician groups market, the Specialty segment is becoming increasingly significant, with Cardiology leading the market share. This specialty has consistently attracted attention due to the rising prevalence of cardiovascular diseases, positioning it as a cornerstone for physician groups across the country. Other specialties like Orthopedics, Pediatrics, Dermatology, and Oncology follow, each contributing to the overall growth of the sector but with varying degrees of market penetration.

Cardiology (Dominant) vs. Oncology (Emerging)

Cardiology stands out as the dominant force within the Specialty segment of the India physician groups market, largely due to the increasing burden of heart-related ailments. It offers a comprehensive range of services, from preventive care to advanced surgical interventions, making it vital for patient care. In contrast, Oncology is emerging rapidly, driven by increasing cancer awareness and advancements in treatment options. As more specialized oncology clinics are being established, the demand for oncologists is surging, making it an attractive area for new physician groups to explore.

By Practice Size: Small Group Practice (Largest) vs. Large Group Practice (Fastest-Growing)

The market for physician groups in India is significantly influenced by practice size, comprising Solo, Small, Medium, and Large Group Practices. Among these, the Small Group Practice holds the largest market share, reflecting the trend toward collaborative healthcare delivery. In contrast, while the Large Group Practice currently holds a smaller share, it is rapidly gaining traction as more physicians seek the benefits of economies of scale and shared resources.

Solo Practice (Dominant) vs. Medium Group Practice (Emerging)

Solo Practice remains the dominant model in the India physician groups market, characterized by its independence and personalized patient care. This practice style allows physicians to retain full control over their operations and patient relationships. However, the Medium Group Practice is emerging as a notable alternative, appealing to those seeking a balance between autonomy and collaborative care. These groups enhance operational efficiency while still allowing for significant physician input in practice management, thereby attracting a growing number of healthcare providers.

By Ownership Structure: Private Practice (Largest) vs. Hospital-Owned (Fastest-Growing)

In the India physician groups market, ownership structure plays a crucial role in defining practice dynamics. Private Practice has emerged as the largest segment, characterized by independent physicians operating individual or small group practices, catering to a significant portion of the population. On the other hand, Hospital-Owned entities are gaining traction, representing a rapidly growing preference among healthcare providers. This segment provides comprehensive care with integrated resources, allowing for enhanced patient management and service delivery.

Private Practice (Dominant) vs. Hospital-Owned (Emerging)

Private Practice in India stands as a dominant force, reflecting the traditional model where physicians manage their practices independently. This segment is favored for its flexibility and personalized care. In contrast, Hospital-Owned groups, characterized by their affiliation with larger medical institutions, are seen as an emerging trend. They offer extensive support systems, including advanced technology and facilities, which appeal to both patients and physicians. This shift towards Hospital-Owned practices indicates a growing preference for collaborative care models, providing a more streamlined patient experience.

By Patient Demographics: Adult Patients (Largest) vs. Pediatric Patients (Fastest-Growing)

In the India physician groups market, the distribution of patient demographics showcases Adult Patients as the largest segment, commanding a significant share due to the increasing prevalence of lifestyle-related diseases. This demographic alone constitutes the majority of patient consultations within physician groups, pushing adult health issues to the forefront of healthcare services. Conversely, Pediatric Patients represent the fastest-growing segment, driven by rising awareness of child healthcare and the increasing burden of childhood diseases. The demand for specialized pediatric care is surging, leading to a rapid expansion of services tailored to this demographic, highlighting the growing recognition of the need for comprehensive pediatric healthcare in the Indian market.

Adult Patients (Dominant) vs. Chronic Illness Patients (Emerging)

Adult Patients hold a dominant position in the India physician groups market, accounting for the majority of consultations and healthcare utilization. This demographic is generally aged between 18 to 65 years and shows a higher prevalence of non-communicable diseases, such as diabetes and cardiovascular conditions. Their treatments often require ongoing monitoring and a multi-disciplinary approach, driving the expansion of various healthcare services. In comparison, Chronic Illness Patients are emerging as a significant segment, as the prevalence of chronic diseases is on the rise due to factors like urbanization and lifestyle changes. This demographic requires specialized and continuous care, necessitating a shift in focus among physician groups towards managing long-term health conditions.

By Service Type: Primary Care (Largest) vs. Telemedicine (Fastest-Growing)

In the India physician groups market, the service type segment showcases a diverse distribution among primary care, specialty care, urgent care, and telemedicine. Primary care continues to hold the largest share, driven by the essential need for general health consultations. Specialty care, while valuable, is closely followed by urgent care, which has gained traction due to its convenience and accessibility. Telemedicine is increasingly recognized for its potential to transform healthcare delivery by reaching remote populations and streamlining patient management.

Primary Care (Dominant) vs. Telemedicine (Emerging)

Primary care stands as the most dominant service type in the India physician groups market, primarily due to its foundational role in healthcare. It encompasses preventive care, chronic disease management, and patient education, making it crucial for overall health. Meanwhile, telemedicine is emerging rapidly as a vital service, particularly for its ability to provide consultations without geographical barriers, essential during times of health crises. Driven by advancements in technology and changing patient preferences, telemedicine offers flexibility and ease of access, thereby increasing its adoption amongst patients and providers. This shift reflects the evolving nature of healthcare, where convenience and efficiency are paramount.

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Key Players and Competitive Insights

The physician groups market in India is characterized by a dynamic competitive landscape, driven by factors such as increasing healthcare demand, technological advancements, and a growing emphasis on patient-centric care. Major players like Apollo Hospitals (India), Fortis Healthcare (India), and Max Healthcare (India) are at the forefront, each adopting distinct strategies to enhance their market positioning. Apollo Hospitals (India) focuses on digital transformation, leveraging telemedicine and electronic health records to improve patient engagement and operational efficiency. In contrast, Fortis Healthcare (India) emphasizes strategic partnerships and acquisitions to expand its service offerings and geographical reach, while Max Healthcare (India) is investing heavily in innovative healthcare solutions and advanced medical technologies to differentiate itself in a competitive environment.

The business tactics employed by these companies reflect a moderately fragmented market structure, where local players coexist with larger, established entities. Key tactics include optimizing supply chains and localizing services to cater to regional healthcare needs. This collective approach not only enhances operational efficiency but also fosters a competitive atmosphere where innovation and quality of care are paramount.

In November 2025, Apollo Hospitals (India) announced a partnership with a leading health tech firm to integrate AI-driven diagnostics into its service offerings. This strategic move is expected to enhance diagnostic accuracy and streamline patient management processes, positioning Apollo as a leader in technological integration within the healthcare sector. Similarly, in October 2025, Fortis Healthcare (India) completed the acquisition of a regional healthcare provider, significantly expanding its footprint in the northern states of India. This acquisition is likely to bolster Fortis's market share and enhance its ability to deliver comprehensive healthcare services across a broader demographic.

Moreover, in September 2025, Max Healthcare (India) launched a new initiative aimed at promoting preventive healthcare through community outreach programs. This initiative not only aligns with the growing trend of preventive care but also strengthens Max's brand presence in local communities, potentially leading to increased patient loyalty and trust.

As of December 2025, the competitive trends in the physician groups market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the value of collaboration in enhancing service delivery and operational capabilities. Looking ahead, the competitive differentiation in this market is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and reliable supply chains, reflecting a broader shift towards quality and efficiency in healthcare delivery.

Key Companies in the India Physician Groups Market market include

Industry Developments

The India Physician Groups Market has seen significant activity recently, particularly among key players such as Wockhardt Hospitals, Manipal Hospitals, and Fortis Healthcare. In October 2023, Wockhardt Hospitals announced an expansion strategy to enhance its network across tier-2 cities, aiming to increase accessibility to quality healthcare. Manipal Hospitals has also made headlines for its investment in digital health technologies, with plans to integrate artificial intelligence into patient care. In addition, Fortis Healthcare reported a merger with a regional hospital group, aiming for enhanced operational efficiencies and broader service offerings. 

Over the last couple of years, NMC Healthcare in June 2022 expanded its footprint in India through new acquisitions, while Apollo Hospitals introduced a telemedicine platform in January 2023 to cater to the rising demand for remote healthcare services. However, the market is witnessing challenges including regulatory policies and the need for improved infrastructure. The growth of companies in this sector is impacted by the increasing focus on patient-centric care and the integration of technology, highlighting a shift in strategic priorities among leading physician groups in the country.

Future Outlook

India Physician Groups Market Future Outlook

The India physician groups market is projected to grow at a 3.97% CAGR from 2024 to 2035, driven by increasing healthcare demand, technological advancements, and policy reforms.

New opportunities lie in:

  • Expansion of telemedicine services to enhance patient access and engagement.
  • Development of integrated care models to streamline patient management and improve outcomes.
  • Investment in data analytics for personalized treatment plans and operational efficiency.

By 2035, the physician groups market in India is expected to be robust, driven by innovation and strategic growth initiatives.

Market Segmentation

India Physician Groups Market Specialty Outlook

  • Cardiology
  • Orthopedics
  • Pediatrics
  • Dermatology
  • Oncology

India Physician Groups Market Service Type Outlook

  • Primary Care
  • Specialty Care
  • Urgent Care
  • Telemedicine

India Physician Groups Market Practice Size Outlook

  • Solo Practice
  • Small Group Practice
  • Medium Group Practice
  • Large Group Practice

India Physician Groups Market Ownership Structure Outlook

  • Private Practice
  • Hospital-Owned
  • Academic Medical Center
  • Non-Profit Organization

India Physician Groups Market Patient Demographics Outlook

  • Pediatric Patients
  • Adult Patients
  • Geriatric Patients
  • Chronic Illness Patients

Report Scope

MARKET SIZE 20243.91(USD Billion)
MARKET SIZE 20254.07(USD Billion)
MARKET SIZE 20356.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)3.97% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledApollo Hospitals (IN), Fortis Healthcare (IN), Max Healthcare (IN), Manipal Hospitals (IN), Narayana Health (IN), Medanta (IN), Care Hospitals (IN), KIMS Hospitals (IN), Aster DM Healthcare (IN)
Segments CoveredSpecialty, Practice Size, Ownership Structure, Patient Demographics, Service Type
Key Market OpportunitiesIntegration of telemedicine and digital health solutions in the India physician groups market.
Key Market DynamicsGrowing consolidation among physician groups in India enhances competitive positioning and service delivery efficiency.
Countries CoveredIndia

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FAQs

What is the expected market size of the India Physician Groups Market in 2024?

The India Physician Groups Market is expected to be valued at 4.89 USD Billion in 2024.

What will be the value of the India Physician Groups Market by 2035?

By 2035, the India Physician Groups Market is projected to reach a value of 11.0 USD Billion.

What is the expected CAGR for the India Physician Groups Market from 2025 to 2035?

The market is expected to grow at a CAGR of 7.648% from 2025 to 2035.

Which segment is expected to lead the market in 2024?

In 2024, the Multispecialty Physician Groups segment is expected to be valued at 1.8 USD Billion.

What market value is projected for Independent Physician Groups in 2035?

The Independent Physician Groups segment is expected to reach 2.7 USD Billion by 2035.

Who are the major players in the India Physician Groups Market?

Key players in the market include Wockhardt Hospitals, Manipal Hospitals, Columbia Asia, and Apollo Hospitals, among others.

What is the expected market size for Hospital-Affiliated Physician Groups in 2024?

The Hospital-Affiliated Physician Groups segment is expected to be valued at 1.5 USD Billion in 2024.

How much is the Single Specialty Physician Groups market expected to be valued in 2035?

The Single Specialty Physician Groups market is projected to decline to 0.6 USD Billion by 2035.

What opportunities are driving growth in the India Physician Groups Market?

Growth drivers include increasing healthcare demand and advancements in medical technology.

What challenges does the India Physician Groups Market currently face?

The market faces challenges such as regulatory changes and healthcare policy fluctuations.

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