Indian Healthcare Sector Analysis

981 Words4 Pages
HEALTH CARE SECTOR IN INDIA Healthcare has become india’s largest revenue generating sector. Healthcare sector is growing quickly as it is expanding in coverage and services. The Indian healthcare sector comprises of the following: • Hospitals • Medical devices • Clinical trails • Outsourcing • Telemedicine • Medical tourism • Health insurance and • Medical equipment INDIAN HEALTHCARE DELIVERY SYSTEM The Indian healthcare delivery system consists of the following 2 broad categories: The public healthcare sector focuses on basic healthcare service delivery in rural areas through PHC (Primary Healthcare centres). The public health care system is nothing but the government engaged in providing secondary and tertiary care in major cities.…show more content…
The revenue from Corporate healthcare sector is also estimated to grow the next Financial year by 15% India’s medical tourism industry is estimated to grow double its present size. It is currently experiencing an overall growth of 22 – 25%. And is expected increase from 3 billion US dollars to 6 billion US dollars by FY 2018. The Healthcare IT sector is roughly a value of 1 billion US doallars and is expected to grow one and a half times its present value by FY 2020. Mover than 80% of the drugs for combating AIDS are supplied by Indian pharmaceutical firms. There is an undeniable and significant scope to lift the healthcare services considering the fact that healthcare’s GDP is on the rise. India has 70% rural population and 30% urban and semi urban. The 70% population is an emerging potential demand source for healthcare services. AYUSH stands for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy. There are a total of 3,598 hospitals and 25723 dispensaries offering AYUSH treatment. This ensures availability of alternative medicine for…show more content…
KIMS KIMS has raised 200m USD which will be utilized for funding future growth plans 2. Syngene Entered into a contract with HerbalLife Nutrition with an aim to develop nutrition products. 3. CureFit Acquired Kristys Kitchen. Krstys Kitchen is an online health food delivery company 4 Steer engineering and Merck Steer Engineering and Marck have collaborated for creating cutting edge tech useful for processing special pigments in plastic industry. 5. Max Healthcare Plans on investing 320 crores INR in building a cancer care unit in Delhi 6. Throcare Technologies Plans on expanding its lab centers. It currently has 7 lab centers and 1,200 franchisees. It is planning on expanding from 7 to 25 centers and also its franchisees from 1,200 to 5000. It also aims at achieving a revenue of 150 USD. 7. OrbiMed Plans on investing nearly 40m USD in Suraksha Diagnostics for expansion of diagnostics chain’s lab network throughout India. This will enhance the equipment technology in India. 8. IFC IFC invested 450 crores for acquiring a stake in Apollo Group’s subsidiary Apollo health and Lifestyle Ltd. This investment will be used for expansion activities by Apollo. 9. Abraaj group Is planning on acquisition of Medall Healthcare Pvt Ltd at a value of nearly 225

More about Indian Healthcare Sector Analysis

Open Document