The rapidly growing healthcare sector in India, while remaining buoyant is expected to slow as a result of less capital being available to fund new investments in facilities. Discretionary medical procedures and some drug prescriptions are likely to be postponed or eliminated.
There is a general tightening on spending with travel budgets being cut across the board from hospital and healthcare facilities to medical device manufacturers like Beckman Coulter and BD.
Informative write-up at Express Healthcare.
