New Delhi, June 28 -- India's hospital sector is set for sustained growth as bed capacity expands and private providers capture a larger share of healthcare spending, according to Antique Broking, which expects the healthcare delivery market to grow at a "healthy 10-12% CAGR to INR 12tn over FY25-30E."

"Over FY26-30E, these hospitals will cumulatively expand the capacity by 54% to 108,000+ beds," the brokerage said, referring to 15 hospitals in its sample set that have already added ~19,000 beds since FY23 to reach 70,000+ beds. "We believe sector growth will continue to be driven from bed expansion, complemented by 45% ARPOB growth."

Concerns around oversupply are "misplaced," Antique said, because "Insurance penetration is still low"....