healthcare industry final(2)

8/7/2019 healthcare industry final(2)

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SECTOR IN INDIAPresented by:ShankarAnnie

AvinashBaljeetRakeshMazhar

Anubhav


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Before independence

Traditional practitioners contributed to the medicinal needs of society.

medicinal properties of plants and herbs were used for treatment.

colonial rule changed the scenario hospitals managed by Christian missionariestook centre stage.

After independence

Contribute 5.2% of GDP.3rd largest growing sector in India

Market-$40 billionexpected to grow to $150 billion by 2015

Government has created special visas for medical tourisms.

The Indian health center consist of

Medical care providers like physicians, specialist clinics, nursing homes,

hospitals.

Diagnostic service centres and pathology laboratories.

Medical equipment manufacturers.

Contract research organizations (CRO's), pharmaceutical manufacturers


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Growth drivers

Growing middle class

Rising income

Growing and aging population

Growing urbanization

Growing medical tourism

Healthcare insurance penetration

0

10

20

30

40

50

60

70

2005 2006 2007 2008 2009

0

10

20

30

40

50

60US$ bn

% of GDP

Per Capita


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Key Opportunity Segment

4

Hospital Services Medical Tourism

Leading Country

Est. USD 1-2 Billion/2012Growth-30%/Yr

USA-Saves Cost, Canada-long

appointments, Britain-NationalHealth Service Wait

Pathology Services

Medical Devices

Tele Medicine

80% conc. in Urban, 73% residesin rural.

Exponential growth in Info &Telecomm, making India highly

competitive.

Govt. & Public Sector Initiatives

Leading Players-

Wockhardt, Fortis, MaxHealthcare,

Asian Heart, Apollo

Health Insurance

Source- E &Y Research


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Public & Private Hospitals


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World Health Organisation (WHO)

Promoting Development

Fostering health security

Strengthening health systems Harnessing research, information and

evidence

Enhancing partnership

Improving performance


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Health Products


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The Indian Health Scenario

Total Expenditure on health in India is nearly 6% of theentire GDP

Government spending is less than 25% against the

average spending of 30-40 % in other developingcountries.

Indian health insurance industry stands at INR 5,125crores with only a small Section of the total population

(around 2%) being covered so far. CAGR of around 35 % (FY2002-08)

Health Insurance industry in India is one of the fastestgrowing segments.


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India Health Insurance Market Size &

Growth Rate

7611004 1354

1732

2222

3209

5125

0

1000

2000

3000

4000

5000

6000

FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008

Market Size: (INR) - Crores

Market Size: (INR) - Crores

CAGR 35%


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Pillars of change and Enablers for

growth Health Insurance

Pillars ofChange

Consumer Awareness

Standardization of Healthcare costs and Accreditation

norms

Healthcare Infrastructure

Data & InformationExchange

Enablers forGrowth

Product & PricingInnovation

Technology

Channel Innovation

Outcome

Healthy

VibrantIndia


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SPA-The new age health destination

Estimated market size of spas in India: Rs. 11,000

crores,

Estimated annual growth rate of 25 to 35%

Rs 60 lakh to 1.4 crore: Investment required

1 to 1.5 years: Time required to break even.

Source: Ernst and Young audit report for Ficci


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National Health Programmes

National Leprosy eradication programme (NLEP)- In operation since

1955.

National TB Control programme (NTCB)- The control of this disease has

become difficult due to emergence of drug resistance cases.

National Anti Malaria programme (NAMP)- Malaria has been a seriousissue of concern.

National Programme for Control of Blindness (NPCB)- The objective of

this programme is to reduce the incidence of blindness to 0.7% from the

estimated present level of 1.35.

National AIDS Control Programme- AIDS ( Acquired Immuno DeficiencySyndrome) has emerged as a serious public health emergency. The

government has tried to ensure blood safety in blood banks; introduced

AIDS education in schools; set up various AIDS related NGOs.


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SWOT ANALYSIS

WEAKNESSES

PRICE DESCRIMINATION

INCOMPETENT PUBLIC SECTOR

LOW / CAPITA EXPENDITURE ($ 94)

STRENGTHS

COST EFFECTIVE

UNTAPPED MARKET

COMPETITIVE WORK FORCE


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SWOT ANALYSIS

OPPOTUNITIES

POLICY MAKEOVER

MEDICAL TOURISM

USE OF IT

THREATS

BURGEONING POPULATION

ILL MONITORED SYSTEM


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Thank You

healthcare industry final(2)

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