The India economic boom has been characterized by a few sectors which have been front-runners and a few which have benefited from it. One such sector is healthcare. The striking feature about the Indian Healthcare sector is that it has the potential to grow at a much faster rate in the foreseeable future and shall present new “sectors of opportunity”, which shall emerge as growth drivers.
India's healthcare sector growth is expected to be driven by the expansion of hospital, pharmacy, bio technology and health insurance segments.
* Hospitals - Private players account for almost 78% of the total healthcare delivery market. Major international players are expected to make a foray into the private hospitals segment in India, some of them include Parkway group (Singapore) and Columbia Asia (Malaysia). The growth in the hospitals sector is expected to be fueled by the demand for hospital beds with 2 million more beds required by 2027.
* Pharmacy - In 2005, India's pharmacy market was about $ 6 million and this is expected to more than double to $ 14 million by 2015.
* Bio technology - The bio technology industry is expected to surge to $ 5 billion by 2010 and $ 25 billion by 2015 from the 2006 level of $ 1.5 billion.
* Health insurance - Huge potential for growth exists because of a low penetration rate, tariff elimination and FDI cap hike. A Mckinsey-CII report estimates the number of potential insurable lives at 315 million with the business expected to grow from $ 812 million in 2006 to $ 5.75 billion in 2010.
http://www.sustain2green.com/
My take on key areas of opportunity within the Indian Healthcare industry are:
· Medical Infrastructure
· Telemedicine
· Medical Equipment
· Health Insurance
· Clinical Trials
· Health services outsourcing
· Medical value travel
· Genome mapping
· Data mining
Do post your opinions...
No comments:
Post a Comment