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The Indian healthcare industry operates in both the private and public sectors. The public healthcare system consists of facilities run by the
central and state government. These public facilities are provides free or subsidized rates to lower income families in rural and urban areas.
However, the Indian healthcare industry is going through a growth phase due to it’s healthy economy.
This industries growth will increase as the country’s middle class continues to grow. Indian’s whom find himself or herself in this ever-growing
middle class are able to afford quality healthcare. With this increased ability to pay for better healthcare, the demand for healthcare services in
India has grown from $4.8 billion in 1991 to $22.8 billion in 2001-2002. Fifty million Indians are today able to afford western medicine, and over one
hundred and fifty million have annual incomes of more than one thousand US dollars.
Also, the introduction of product patents are expected to increase this industry by encouraging multinational companies to launch specialized
life-saving drugs. Major Indian pharmaceutical companies have also shown core competencies across several areas of the pharmaceutical
business, including marketing, acquisition, and research and development. Attracted by these advantages along with the low costs of production
and the skilled workforce that India offers, companies are looking to set up research and development as well as production centers.
The opportunities presented by the healthcare sector have made it a major draw for potential investors.
The healthcare sector attracted US $379
million in 2006, 6.3 per cent of the total private equity investment of US $5.93 billion.
This section contains several short lists of Indian Companies in some select industries. Please Contact Us if you would like expert help when
selecting, approaching, and working with these, or any other, company in India.
Expenses incurred by the Indian Government on health care is the highest amongst developing countries. India's expenses on health care sector
comprises 5.25% of the GDP. Chances are that the health care market could experience a hike and attain a figure ranging between $53 to $73
billion five years from now.
This in turn will reflect an increase in the gross domestic product to 6.2% GDP. The health care industry in India earns
revenues accounting for 5.2% of gross domestic product.
Employment opportunities are provided to as many as 4 million people in the health care segment or other related sectors catering to the health
care industry in India in some way or the other. Owing to the vast differences in medical expenses in western countries and that of India, India
has become one of the favorites for health care treatments.
Due to the progressive nature of the health care sector in India, several foreign companies are intending to invest in the country.
The present era is likely to be dominated by expansion of demands in the market, increasing prices and increasing awareness among the
customers. Such changes will trigger a change in the health care industry scenario for the better.
The year of 1990 witnessed a sluggish rate of
growth, the health expenses per capita marked an all time low. The sluggish nature could be due to the fact that several health programs were
implemented efficiently.
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