Wednesday, February 18, 2015

Reality and future of Healthcare Industry in India

Indian healthcare industry is one of the most eyed healthcare industries in developing countries. Despite relatively significantly low contribution in the GDP of a country it is doing notably well. USA is spending 17% of its GDP in healthcare sector while India invests only 4%. Current healthcare industry size is rs.2,75,000 crore and there are total 50,000 hospitals, clinics and wellness centers. W.H.O. has defined universal healthcare assurance that will be extended to the needy by reducing financial hardships and good quality medical facility. A program includes three dimensional agenda. 
1) Proportion of members covered in insurance policy.
2) Depth of services that is what are the services that are going to be provided to them under the policy. 
3) A cover of protection offered by taking into account out of pocket expenditure. Thus, primary, secondary, and emergency services are supposed to be equipped with this comprehensive package.  

Among all the classified segments silently growing segment is dental care or oral care. The number of dental clinics are set up today are increasing rapidly and successfully spreading their network through the country. Today dental services have become more accessible and affordable.  Predictions have been made that demand for dental implant will grow in the coming years. Noteworthy boost received by dental tourism is beyond imagination. It is also one of the most responsible factor for the speedy development. Because foreign tourists find it cheaper than their native places. So, they fly to India for enjoying holiday as well as to avail dental care at relatively low cost. This has resulted in exemplary growth in dental implant market in India.

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