health sector in india
TRANSCRIPT
COUNTRY LIFE EXPECTANCY
CHINA 84.69
JAPAN 82.19
AUSTRALIA 81.32
INDIA 69.89
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SECTOR IN INDIA
GLOBAL HEALTHCARE SECTOR: AN OVERVIEW
• World’s 2nd largest business sector
• Global healthcare revenue US$ 2.8Trillion
INDIAN HEALTHCARE SECTOR
• VALUED AT US$ 34BILLION
• ANNUAL GROWTH OF 13%
• CONSTITUTES 6% OF THE GDP
HEALTHCARE SEGMENTS
• PUBLICState ownedSubsidized medicineFree of cost treatment
• PRIVATE80% market share
INDUSTRY SEGMENTS
• HOSPITALS
• PHARMACEUTICALS
• MEDICAL TOURISM
HOSPITALS
• MORE THAN 16000 HOSPITALS
• MORE THAN 9 LAKH BEDS
• GROWTH RATE OF 10-20%
MARKET PLAYERS
PHARMACEUTICALS
• ONE OF THE FASTEST GROWING MARKETS IN THE WORLD
• ANNUAL GROWTH OF 17.5%
• CATERS TO 95% OF COUNTRY’S NEEDS
MAJOR MARKET PLAYERS
MEDICAL TOURISM
• WORTH US$ 1.2BILLION AND IS ESTD., TO REACH US$ 2.2BILLION BY 2012
• GROWTH RATE 12% PER ANNUM EXPECTED TO BE 30% BY 2012
• MEDICAL TOURISTS ACCOUNTS TO 2.72 LAKH PER ANNUM
MAJOR MARKET PLAYERS
FORECAST
GROWTH DRIVERS• RISING INCOME
• GROWING MIDDLE CLASS
• GROWING AND AGEING POPULATION
• GROWING URBANIZATION
• GROWING MEDICAL TOURISM
• HEALTHCARE INSURANCE PENETRATION
SWOT ANALYSIS
WEAKNESSES
• PRICE DESCRIMINATION
• INCOMPETENT PUBLIC SECTOR
• LOW / CAPITA EXPENDITURE ($ 94)
STRENGTHS
• COST EFFECTIVE
• UNTAPPED MARKET
• COMPETITIVE WORK FORCE
SWOT ANALYSIS
OPPOTUNITIES
• POLICY MAKEOVER
• MEDICAL TOURISM
• USE OF IT
THREATS
• BURGEONING POPULATION
• ILL MONITORED SYSTEM
ADVANTAGE INDIA
• OVER 6,50,000 DOCTORS
• HIGHLY SKILLED EXPERTS
• EMERGING MAJOR R&D CENTRE
• LOW COST DRUG DEVELOPEMENT
• SECOND HIGHEST NUMBER OF QUALIFIED DOCTORS IN THE WORLD
• HIGHEST SUCCESS RATE IN CARDIAC SURGERY AND BONE MARROW TRANSPLANTATION
• THE COST ADVANTAGE
ADVANTAGE INDIA - CONTD.,
Procedure US ($) UK ($) India ($)
Angioplasty30000 21000-27000 4000-5000
Angiography2500-3000 2000 400
Hip replacement19000 13000-16000 6000
Knee replacement27000-32000 16000-18000 6000
CABG30000 6400
Lasik2250-2900 400
MEDICAL EDUCATION
• 230 MEDICAL COLLEGES
• 106 PRIVATE COLLEGES
• 29,000 DOCTORS QUALIFY ANNUALLY
80% OF THE MEDICAL FACILITIES ARE CONCENTRATED IN THE URBAN AREA
WHILE 73% OF THE POPULATION RESIDES INTHE RURAL AREA
HEALTHCARE DEMAND
DEMAND Vs SUPPLY
HEALTHCARE INFRASTRUCTURE
THE ROAD AHEAD• IMPROVEMENT IN PHYSICAL
INFRASTRUCTURE
• IMPLEMENTATION OF TELEMEDICINE
• COST EFFECTIVE CLINICAL TRIAL
• EFFECTIVE PUBLIC PRIVATE PARTNERSHIP
RAHULKAMALKARTHIGADepartment of management StuDieS,School of management,ponDicherry univerSity