2. What is Health…
As per World Health Organization (WHO), it is a "State of
complete physical, mental, and social well being, and not
merely the absence of disease or infirmity.
It refers not only to the absence of disease, but the ability to
recover and bounce back from illness and other problems
3. Understanding towards
Health care Industry …
The healthcare industry (also called the
medical industry ) is an aggregation and
integration of sectors within the economic
system that provides goods and services to
treat patients with curative, preventive,
rehabilitative, and palliative care.
The healthcare sector includes hospital
management firms, health maintenance
organizations (HMOs), biotechnology and a
variety of medical products.
4. Brief Overview of Indian
HealthCare Sector…
The Healthcare Sector comprises of
Hospitals
Diagnostics
Pathology
Equipment and Supplies
Medical Tourism
Telemedicine
Clinical Studies
Research and Development Programs
It is one the prominent contributors to India’s GDP.
It attracts large number of domestic as well as international
players
5. HealthCare Industry scale or
growth in India
Healthcare has become one of India's largest
sectors both in terms of revenue &
employment. The industry is growing at a
tremendous pace owing to its strengthening
coverage, services and increasing
expenditure by public as well private players
The Indian healthcare market, which is worth
around US$ 100 billion, will likely grow at
23 per cent to US$ 280 billion by 2020.
6. Growth of health care
Industry During 2008-20, the market is expected to
record a CAGR of 16.5 per cent
The total industry size is expected to touch
USD160 billion by 2017 & USD280 billion
by 2020
As per the Ministry of Health, development
of 50 technologies has been targeted in the
FY16, for the treatment of diseases like
Cancer & TB
Government is emphasising on the eHealth
initiatives.
Indian companies are entering into merger
& acquisitions with domestic & foreign
companies to drive growth & gain new
markets.
7. Factors for the HealthCare
boom in India….
Strong Indian Economy
Increasing options for Healthcare Financing
Increasing Opportunities in Healthcare delivery
Better Profitability
Earlier Break Even
Medical Tourism
Increasing demand from within the county
8. Top Health Care Companies
and Hospital Chains
APOLLO LIFE
SUN HEALTHCARE
NICHOLAS PIRAMAL INDIA PVT. LTD
WIPRO GE HEALTHCARE
SERUM INSTITUTE OF INDIA LTD
CIPLA
CADILLA HEALTHCARE
RANBAXY
FORTIS HEALTHCARE
9. Changing trends in health
care Industry …
Indian healthcare is experiencing a new wave of opportunity.
The following emerging trends are changing the course of the
industry:
The change in the government’s role from
provider to payer has expanded the financial
risk protection coverage to the marginalised.
Private sector partnerships through health PPPs
are gradually gaining acceptance, thereby
improving access to care.
The significant demand-supply mismatch has
led healthcare to emerge as an attractive sector
10. Emerging trends in
healthcare Industry in India Changing demographic demand healthcare reforms
An ageing population and growing middle class are shifting
healthcare needs and responses. Demographic shifts and societal
changes are intensifying pressures on health systems and
demanding new directions in the delivery of healthcare. We are
getting older.
11. Emerging trends in
healthcare Industry in
India
Chronic diseases and conditions are on the rise
Chronic diseases and conditions are on the rise worldwide. An
ageing population and changes in societal behaviour are
contributing to a steady increase in these common and costly
long-term health problems.
12. Emerging trends in
healthcare Industry in
India
The empowered consumer
Consumers are taking advantage of unprecedented
access to information to become more diligent and
informed about their health. The growing power of
the patient as discerning consumer is creating new
global markets and informing new models for care.
Patients are demanding more sophisticated,
convenient, transparent, affordable and
personalised service.
13. Emerging trends in
healthcare Industry in India
Depleting resources adding pressure to healthcare
Governments are expected to do more in the face of healthcare
funding challenges and a skilled labour shortage. Healthcare
systems around the world are dealing with depleting resources at
a time when demand for healthcare is rapidly rising.
14. Emerging trends in
healthcare Industry in
India mHealth
Mobile is positioned to have a huge impact on how healthcare is
delivered. It offers opportunities to address one of the most
pressing global challenges: making healthcare more accessible,
faster, better and cheaper.
15. Demand for Healthcare
Professionals in India
While many people are struggling with finding a job or are
trying to find growth in their current profession,
opportunities for healthcare careers are excellent. The
demand for healthcare professionals is still on the rise.
16. Carrier Opportunities in
healthcare
Employment opportunities in areas of marketing, IT,
human resource development, medical colleges, health
insurance or the pharmaceutical
Opportunity may involve planning, directing and
supervising day-to-day operations facilitating daily
financial operations, budgets, and analysis.
17. Learning Outcome….session
conclusion
Analyse and evaluate complex policy and organizational
challenges at both the micro level and at higher levels
within health care systems
Understanding recent trends functions, roles and
responsibilities of healthcare industry
Define and apply key quality concepts in health care
organizations
Effectively and efficiently foster innovation within
healthcare industry.
Demonstrate personal and professional ethical
responsibility.