The most promising markets for chitin manufacturers are likely to be Asia Pacific and North America. This is due to the rapidly expanding healthcare business, as well as an increase in medical tourism in emerging nations like India. The Indian healthcare market is estimated to reach USD 280 billion by 2020, according to IBEF. The health budget in India's Union Budget 2017-18 was increased from USD 5.96 billion to USD 7.3 billion. The Indian healthcare industry is rapidly growing as a result of its expanding coverage, services, and significant public and private investment. The India Brand Equity Foundation (IBEF) is a Trust created by the Ministry of Commerce and Industry, Department of Commerce, in partnership with the Government of India, with the goal of promoting and raising international awareness of Indian-made goods.
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