280 likes | 406 Views
INDIAN HEALTHCARE SECTOR. RAM SINGH, RESEARCH SCHOLAR LUCKNOW UNIVERSITY. Widaescreen Presentation. Widescreen Presentation. INTRODUCTION. The art of Health Care in India can be traced back nearly 3500 years
E N D
INDIAN HEALTHCARE SECTOR RAM SINGH, RESEARCH SCHOLAR LUCKNOW UNIVERSITY Widaescreen Presentation
Widescreen Presentation INTRODUCTION • The art of Health Care in India can be traced back nearly 3500 years • Early days of Indian history the Ayurvedic tradition of medicine has been practiced • Healthcare is one of India’s largest sectors, in terms of the revenue and employment
Widescreen Presentation INTRODUCTION • During the 1990s, Indian healthcare grew annual rate of 16%. • Today the total value of the sector is more than $34 billion or roughly 6% of GDP • By 2012, India’s healthcare sector is projected to grow to nearly $40 billion
CONTRIBUTION TO ECONOMY Widescreen Advantages • India ranked 12th among 184 countries in terms of travel & tourism‘s total contribution to GDP in 2012 -13 • In India, the sector’s direct contribution to GDP is expected to grow at 7.8 per cent per annum during 2013–2023 vis-à-vis the world average of 4.2 per cent • The travel & tourism sector in India is estimated to create 78 jobs per USD18,366 of investment compared to 45 in the manufacturing sector • Travel & tourism’s contribution to capital investment is projected to grow at 6.5 per cent per annum during 2013–2023, above the global average of 5.0 per cent
CONTRIBUTION TO ECONOMY • One driver of growth in the healthcare sector is India’s booming population, currently 1.1 billion and increasing at a 2% annual rate. • By2030, India is expected to surpass China as the world’s most populous nation. By 2050, the population is projected to reach 1.6 billion.
SEGMENTS OF INDIAN HEALTHCARE INDUSTRY Widescreen Graphics
MAJOUR SHARE OF VARIOUS SEGMENTS IN TOTAL HEALTHCARE REVENUE IN INDIA • OF TOTAL HEALTH CARE REVENUES IN THE COUNTRY • HOSPITALS ACCOUNT FOR 71% • PHARMACEUTICALS FOR 13% • MEDICAL EQUIPMENT AND SUPPLIES FOR 9% • MEDICAL INSURANCE FOR 4% • DIAGNOSTIC CONTRIBUTES FOR 3%
Widescreen Pictures Pictures can also be presented more dramatically in widescreen.
EVOLUTION Creating 16:9 Presentations PRE 1990 • Setting up of the India Tourism Development Corporation in 1966 to promote India as a tourist destination and the Tourism Finance Corporation in 1989 to finance tourism projects • National tourism policy announced in 1982 • The government formulated a national comprehensive plan to promote tourism in 1988 POST 1990 • Various states declare tourism as an industry • government encourages public private partnerships to boost tourism • Government policies to promote hotels • In 1992, a National Action Plan was prepared and in 1996 the National Strategy for Promotion of Tourism was drafted • In 1997 new policy on tourism drafted
Initiatives by Government • To present in true widescreen, you’ll need a computer and, optionally, a projector or flat panel that can output widescreen resolutions. • Common computer widescreen resolutions are 1280 x 800 and 1440 x 900. (These are 16:10 aspect ratio, but will work well with 16:9 projectors and screens.) • Standard high definition televisions resolutions are1280 x 720 and 1920 x 1080. • Use the Test Pattern on the next slide to verify your slide show settings.
TRENDS INHOSPITALITY SECTOR STRONG GROWTH IN HEALTHCARE EXPENDITURE OVER THE YEAR • Healthcare sector has progressed at an impressive pace over the past few years; during 2008–17, the market is expected to record a CAGR of 15.0 per cent • By 2017, the total industry size is expected to touch USD158.2 billion
TRENDS INHOSPITALITY SECTOR • OF TOTAL HEALTH CARE REVENUES IN THE COUNTRY • HOSPITALS ACCOUNT FOR 71% • PHARMACEUTICALS FOR 13% • MEDICAL EQUIPMENT AND SUPPLIES FOR 9% • MEDICAL INSURANCE FOR 4% • DIAGNOSTIC CONTRIBUTES FOR 3% HOSPITALS ACCOUNTS FOR MAJOUR SHARE OF HEALTHCARE INDUSTRY IN INDIA
TRENDS INHOSPITALITY SECTOR PRIVATE SECTOR HAS STRONG PRESENCE IN INDIA’S HEALTHCARE SECTOR
TRENDS INHOSPITALITY SECTOR Per capita health expenditure increases at a fast pace • Per capita healthcare expenditure increased at a CAGR of 10.3 per cent during 2008–11 to USD57.9; the figure is set to touch USD88.7 by 2015 • This is due to rising incomes, easier access to high-quality healthcare facilities and greater awareness of personal health and hygiene .Greater penetration of health insurance aided the rise in healthcare spending, a trend likely to intensify in the coming decade
EMERGING AREAS MEDICAL TOURISM TELEMEDICIENE MEDICAL EQUIPMENT MARKET & PHARMACEUTICALS INDUSTRY
Medical Tourism Heath Tourism is to provide World Class Health treatment at competitive affordable prices”. “One of the hottest sectors in India” (Public Health Foundation of India) “A multibillion dollar industry” “India a International medical tourisms hub” Joint Replacement Surgery Dental Surgery
Travel tourism pleasure, physical & mental relaxation value addition of medical treatment at lowest cost MEDICAL TOURISM Anatomy of Medical Value Travel
Medical tourism is the practice of a patient "outsourcing" healthcare services to an area outside of his/her home country. Medical Tourism also known as medical travel ,health tourismor global healthcareis a term initially coined bytravel agencies and mass media to describe the rapidly growing practice of travelling across international border to obtain health care.
SCOPE: Such Services include complex specialized surgeries such as Joint Replacement, (Knee/Hip), Cardiac Surgery,Dental Surgery & Cosmetic Surgery, and Ayurvedic treatment. However every type of health care including psychiatry, alternative treatment, convarescent care & services are available.
INCREASING POPULARITY : • Some important reasons for increasing popularity of MEDICAL TOURISM are : • Potential savings : • Medical tourism is an affordable alternative to skyrocketing costs of health care. • 2) Shorter waits : • Patients can usually be scheduled for a surgery within a few days or weeks allowing patients convenience.
3) Relaxing Recovery: Travelling for medical treatment gives people the added benefit of helping themselves to a relaxing vacation while they are in recovery . 4) Insurance Coverage : While it isn’t a guarantee , there are some insurance plans that will cover treatment that is performed outside of your home country . More and more insurance providers are covering treatment abroad , as it saves them in costs also. 5) Same Facilities And Equipments As Home : Since medical tourism is such a big industry, hospitals are making big investments in equipment and technology to help them draw more patients.
6) Package deals : If people are unsure where to start when getting medical tourism abroad , package deals can be a great time saver. 7) Surgical Options : While most popular options are cosmetic and dental surgeries, the reality is that there is a growing market for a wide variety of procedures including heart surgery , orthopedic hip and knee replacements , etc. 8) Luxury Accommodations: Many hospitals that cater to medical tourists are corporately owned , this can be real boon to patients , who benefit from private rooms and accommodations.
Medical Tourism DestinationsCost and quality are obviously the most important factors patients consider in choosing specific destinations for treatment. But many patients also consider amenities commonly found in resort & hotels. • THE AMERICAS • Argentina • Brazil • Canada • Colombia • Cuba Mexico • Panama • United States • ASIA/PACIFIC • China • Hong Kong • India • Israel • Jordan • Malaysia • New Zealand • Philippines • Singapore • Taiwan • Thailand • UAE • EUROPE • Cyprus • Germany • Malta • Portugal • Spain • Turkey • Ukraine
INDIA: • India is a popular destination for medical tourists. It arguably has the lowest cost and highest quality of all medical tourism destinations, and English is widely spoken. • India’s medical tourism sector is expected to experience an annual growth rate of 30%, making it a Rs. 9,500-crore industry by 2015 estimates of the value of medical tourism to India go as high as $2 billion a year by 2012. • India is known in particular forheart surgery, hip resurfacingand other areas of advanced medicine. ASIA/PACIFIC COUNTRIES
KEY INDIAN PLAYERS Max Hospital Delhi Apollo Hospital Hyderabad Fortis Hospital, Delhi Jaslok Hospital, Mumbai Wokhardt Hospital Bangalore Breach Candy Hospital
Widescreen Test Pattern (16:9) Aspect Ratio Test (Should appear circular) 4x3 16x9