Geojit Financial Services has reiterated a BUY rating for Apollo Hospitals Enterprise, setting a target price of Rs 7,764. The company reported a 15.6% YoY revenue increase to Rs 5,628 crore in Q2FY25, driven by growth in healthcare services and digital health, with EBITDA rising 31.4% YoY to Rs 854 crore.
The global healthcare services market is projected to grow by USD 6.26 billion from 2024-2028, driven by AI advancements and the rising prevalence of chronic diseases, with a CAGR of 8.73%. Key trends include increased telemedicine adoption, essential for improving access to care, especially in underserved areas. However, rising healthcare costs pose significant challenges, impacting access, quality, and sustainability of services.
The Global Healthcare Services Market is set to grow by USD 6.26 billion from 2024 to 2028, with a CAGR of 8.73%, driven by AI advancements and the rising prevalence of chronic diseases. The adoption of telemedicine is enhancing healthcare accessibility and efficiency, particularly post-COVID-19, despite challenges from increasing healthcare costs. Key players include Apollo Hospitals, CVS Health, and McKesson Corp.
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