|
The healthcare delivery sector in
India is expected to witness a major transition in terms of quality of services
and achieve competitiveness in the global arena, says a study conducted by
Crisil Research, one of the leading rating, research, risk and policy advisory
companies in the country.
The study states that improvement in health awareness and rise in incomes,
change in the disease profile, rising penetration of health insurance and
increasing opportunities in the medical tourism will fuel the demand for the
healthcare facilities in India.
Commenting on this, head of the CRISIL Research Sudhir K Nair, said, "The
healthcare delivery industry is all set to become the engine of economic growth
with lucrative 'pockets of opportunity'."
As per the study, the potential of the sector, which is Rs. 1,253 billion
presently, is expected to reach Rs. 2,172 billion by 2011 and Rs. 3,642 billion
by 2016. The study also reveals that the country needs 6,32,000 beds in addition
to the present 1,050,000 beds to meet the projected demand and maintain the
ratio of beds to potential demand. The study also emphasis on the need for an
investment of Rs. 668 billion by 2011 and an additional Rs. 985 billion during
the period 2011-2016, amounting to Rs. 1,654 billion in investments.
Nair added, "We expect the market to grow on account of an increase in
treatments coupled with an increase in the average billing of the hopitalised
cases. Also, with a rise in income levels and an increase in health insurance,
the demand for tertiary care hospitals will grow in turn leading to a rise in
the per capita expenditure.
(Ref : Chronicle Pharmabiz dated March 22, 2007)
|
|
