materials requirement
Healthcare Industry in India- Telemedicine
The Healthcare sector in India, is at an inflection point and is poised for rapid growth in the medium term. Indian healthcare expenditure is still among the lowest globally and there are significant challenges both in terms of accessibility of health care services and quality of patient care.
In terms of revenue and employment, healthcare is one of the largest service sector industries. During 1990, Indian healthcare grew at the rate of 16%. The total value of the sector is more than $34 billion. This translates $34 per capita and roughly 6% GDP. It is expected to grow to $170 billion by 2017. The growth rate is around 15% YOY.
The present public health care is not only weak, but also underutilized and inefficient. Private sector is although dominant with capturing the 80% overall market. With increasing private sector development and investment the reach ability of health care and medical facility is in adequate in India.
Current Trends:
• Healthcare sector has witnessed positive upward trend even during recession
• Reports suggest that Healthcare is going to be one of the major sectors that would fuel the economic growth and will contribute to increased revenues in addition with IT industry and Education sectors.
But with the entire projected rise in the industry there are some noticeable problems even going through the industry.
Currently India has one doctor for 1700 citizens while the optimal average should be one doctor for 600 citizens. In some cases, the ratio is up to 25,000 citizens to a doctor. Even if we drastically increase the number, there are very less chances that these educated doctors will want to live in a remote area that is without basic infrastructure, education, healthcare, and a marketplace. To overcome the lack of medical doctors to the remote areas, the healthcare industry introduced a beneficial diversification as Telemedicine.
Key Players in the Industry
The Government’s share in
The Healthcare sector in India, is at an inflection point and is poised for rapid growth in the medium term. Indian healthcare expenditure is still among the lowest globally and there are significant challenges both in terms of accessibility of health care services and quality of patient care.
In terms of revenue and employment, healthcare is one of the largest service sector industries. During 1990, Indian healthcare grew at the rate of 16%. The total value of the sector is more than $34 billion. This translates $34 per capita and roughly 6% GDP. It is expected to grow to $170 billion by 2017. The growth rate is around 15% YOY.
The present public health care is not only weak, but also underutilized and inefficient. Private sector is although dominant with capturing the 80% overall market. With increasing private sector development and investment the reach ability of health care and medical facility is in adequate in India.
Current Trends:
• Healthcare sector has witnessed positive upward trend even during recession
• Reports suggest that Healthcare is going to be one of the major sectors that would fuel the economic growth and will contribute to increased revenues in addition with IT industry and Education sectors.
But with the entire projected rise in the industry there are some noticeable problems even going through the industry.
Currently India has one doctor for 1700 citizens while the optimal average should be one doctor for 600 citizens. In some cases, the ratio is up to 25,000 citizens to a doctor. Even if we drastically increase the number, there are very less chances that these educated doctors will want to live in a remote area that is without basic infrastructure, education, healthcare, and a marketplace. To overcome the lack of medical doctors to the remote areas, the healthcare industry introduced a beneficial diversification as Telemedicine.
Key Players in the Industry
The Government’s share in