Only 25% Indians have access to healthcare services: Swiss Re

Only around 25% Indians have access tohealthcare services and 58% of healthcare spending is currently in the form of out-of-pocket expenses, Zurich-based reinsurer Swiss Re's study on health risk factors in India has found.

On the other hand, non-communicable chronic diseases (NCDs), including cardiovascular disease (CVD), are on the rise, making India a potential 'CVD capital' among the emerging markets. According to the report, NCDs currently account for 53% of the total deaths and this figure could increase to 67% by 2030.

Close to 2.7 million people die of cardiovascular diseases annually in India, with the number projected to increase by 1.5 million by 2030. Hypertension is the leading risk factor for such ailments, accounting for nearly 10% of all deaths in India, the study said.

As per Swiss Re's estimates, total healthcare costs in India are projected to increase by 12.3% to $214 billion by 2020. The country could face a potential shortfall in healthcare financing to the tune of $43.6 billion by 2020. "(This) will require additional fiscal spending or higher out-of-pocket funding by individuals," said Swiss Re.