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Healthcare Trend in INDIA

Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players.

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Healthcare Trend in INDIA

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  1. Healthcare Healthcare Trend Trend i in INDIA n INDIA Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. Healthcare comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment. The Indian Indian healthcare sector healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well private players. Technology will be a game changer in the manner in which healthcare services delivered in India. The private sector will be the major driving force behind technology adoption in the Indian healthcare segment Indian healthcare segment. To optimize costs and effectively manage operations, IT solutions will become an integral part of process management, patient care and the management information system (MIS) in hospitals. With the health insurance sector poised for major growth in the coming decade, increasing demand healthcare services will be

  2. from this sector for more efficient systems for storage and retrieval of information will put pressure on hospitals and other healthcare providers to imbibe technology to modernize existing infrastructure. The convergence of healthcare with upcoming technologies such as m-health, cloud computing and wireless technologies will play a key role in improving accessibility and meeting the challenge of manpower shortage. Coming years are expected to witness greater deployment of tools such as telemedicine, tele-radiology, hospital information systems (HIS)/hospital management information systems (HMIS), online or electronic medical records (EMR), etc. The big challenges into Indian healthcare industry is accessibility, human resource, costing, geographical area, automation and many more But this can be overcome by the technological revolution. Technical advancements can improve condition of Indian healthcare system to a very good level and can attract other sectors of healthcare like medical tourism, telemedicine etc. To drive improved efficiencies, more hospitals are likely to seek automation for their workforce management, administration, finance, billing, patient records and pharmacies. Along with the growing popularity of digitization in hospitals, market penetration of picture archiving and communication systems (PACS) is likely to increase further in the coming years. Also for the healthcare practitioners having their own clinics and hospitals can go for some very handy solutions like m-health or mobile app that could manage MIS of patients and their records electronically. The overall Indian healthcare market today is worth US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a compound annual growth rate (CAGR) of 22.9 per cent. Healthcare delivery, which includes hospitals, nursing homes and diagnostics centers, and pharmaceuticals, constitutes 65 per cent of the overall market. There is a significant scope for enhancing healthcare services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) is rising. Rural India, which accounts for over 70 per cent of the population, is set to emerge as a potential demand source. The Indian medical tourism industry is pegged at US$ 3 billion per annum, with tourist arrivals estimated at 230,000. The Indian medical tourism industry is expected to reach US$ 6 billion by 2018, with the number of people arriving in the country for medical treatment set to double over the next four years. With greater number of hospitals getting accredited and receiving recognition, and greater awareness on the need to

  3. develop their quality to meet international standards, Kerala aims to become India's healthcare hub in five years. Tags Tags: : Indian Healthcare Segment, Healthcare Services, Healthcare Sector, Healthcare Section Source: IBEF Feel free to contact us at info@medbox.co.in Website:https://www.medbox.mobi Mail ID:info@medbox.in Download App:

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