Parkway Pantai

For nearly two years, Parkway Pantai has delayed the opening of its 450-bed India hospital, the Singapore-based medical firm's bid to cash in on one of Asia's fastest growing private healthcare markets, as it waited for the necessary permits.

Data from BofA-ML Global Research shows the private hospital market is set to grow 16 per cent a year to reach Rs 7.92 lakh crore or $120 billion by 2020, almost double the size of the Chinese market.

For nearly two years, Parkway Pantai has delayed the opening of its 450-bed India hospital, the Singapore-based medical firm's bid to cash in on one of Asia's fastest growing private healthcare markets, as it waited for the necessary permits.

Data from BofA-ML Global Research shows the private hospital market is set to grow 16 per cent a year to reach Rs 7.92 lakh crore or $120 billion by 2020, almost double the size of the Chinese market.