1 HEALTHCARE SECTOR
May 07, 2015
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HEALTHCARE SECTOR
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INTRODUCTION
The art of Health Care in India can be
traced back nearly 3500 years
Early days of Indian history the Ayurvedic
tradition of medicine has been practiced
Healthcare is one of India’s largest sectors,
in terms of the revenue and employment
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INTRODUCTION
During the 1990s, Indian healthcare grew
annual rate of 16%.
Today the total value of the sector is more
than $34 billion or roughly 6% of GDP
By 2012, India’s healthcare sector is
projected to grow to nearly $40 billion
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Key Players in HEALTHCARE
Hospital Services Medical Tourism Pathology Services
Medical Devices Manfg
Tele Medicine Health Insurance
Key Opportunity Segments
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History
BEFORE INDEPENDENCE : HEALTHCARE HAS BEEN BASED ON VOLUNTARY WORK TRADITIONAL METHODS USED FOR MADICATION MEDICINAL PROPERTIES OF PLANT AND HERBS WAS
PASSED FROM ONE GENERATION TO ANOTHER
AFTER INDEPENDENCE GOVT OF INDIA LAID DOWN A STRESS ON PRIMARY
HEALTH CARE ALTERNATE SOURCES OF FINANCE WERE CRITICAL FOR
SUSTAINABILITY
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ENTRY OF PRIVATE SECTOR
EARLIER GOVERNMENT ON ITS OWN WOULD NOT BE ABLE TO PROVIDE MORE FACILITIES FOR HEALTH CARE
ENTRY OF PRIVATE SECTOR TO REDUCE THE GAP BETWEEN THE SUPPLY AND DEMAND
Healthcare
Hospitals
Pharmaceuticals
Nursing Homes
Fitness Centers
Ambulatory Services
Classification
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Public Hospitals Vs. Private Hospitals
Public Fully funded by government Service oriented
Don’t do much promotion
Charge low fees
Lacks good infrastructure
Process of admission is difficult.
No proper care of patients People
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Contd…
While in Private doctors are highly qualified
Profit oriented Huge promotion
Infrastructure is well maintained
Comparatively easy process
Very good care of patients
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Growing population and economy
One driver of growth in the healthcare sector is India’s booming population
currently 1.2 billion and increasing at a 2% annual rate
By 2030, India is expected to surpass China as the world’s most populous nation
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Expanding middle class
India traditionally has been a rural, agrarian economy. Nearly three quarters
of the population still lives in rural areas, and as of 2004, an
estimated 27.5% of Indians were living below the national poverty line.
Some 300 million people in India live on less than a dollar a day, and more
than 50% of all children are malnourished.
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Rise of disease
Rise in both infectious and chronic degenerative
diseases. While ailments such as poliomyelitis, leprosy,
and neonatal tetanus will soon be eliminated, some communicable diseases once thought
to be under control such as dengue fever, viral hepatitis, tuberculosis,
malaria, and pneumonia, have returned in force or have developed a stubborn resistance to drugs.
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Pharmaceuticals
The Indian pharmaceutical market is one of
the fastest growing markets in the world
Sales increased by 17.5% to $7.3 billion in
2009
Many factors, including a strong economy
and the country’s growing healthcare needs
have contributed to the accelerated growth
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Health Of HEALTHCARE
No of Doctors 5,70,900
Hospitals 15,097
No of Beds 8,70,161
No. of medical colleges 169
No of Nurses 7,37,120
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What is Telemedicine???
Telemedicine is set to revolutionize health care system… Telemedicine is delivery of health care information across distances using telecom technology
video conferencing between the patient at remote hospital with the specialists
90% of the patients do not require surgery so the Dr. generally need not touch the patient, need not to be at the same place. So Patient can be treated from the diff location
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Market Drivers of HealthCare
Rising Health awareness
Shift to lifestyle related diseases;
Increasing government expenditure on
health care sector;
Health insurance sector is also on the rise;
Private sector companies are growing fast
in terms of owning and managing hospitals;
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Market Drivers of HealthCare
Growth in medical tourism;
Cost effective surgical services. According
to report, the cost of surgery in
India is just about 10% of that in USA;
Gradual corporatization of the Healthcare
sector.
S W
T
Strengths
•Low cost of production•Specialization Infrastructure and Efficient technologies•Large pool of skilled doctors Low pricing in public hospitals. Opportunities•Largely untapped market•Switching over from process patent to product patent•Growing incomes and Growing attention for healthGlobal outsourcing hub for pharmaceutical products.
Threats
Threats from other low cost countries like China & Israel O
Weaknesses
•Highly fragmented leading to Price competition•Treatment is not affordable Imitated Drugs Rural Healthcare.
SWOT ANALYSIS
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Government’s Initiative
Government’s Initiative Union Budget 2009:
India to Spend $4.35 Billion on Healthcare
Government has also announced tax
holiday for five years for the hospitals in
rural areas
government of India has allowed 100% FDI
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Recent Development
Huge investments in R&D
Constant focus by Government Medical
Tourism
by 2010 Healthcare BPO is also growing fast
health Insurance is availed by just 30-40
million Indians which is expected to rise to
160 million by 2010
Technology & Healthcare
THANK YOU
PRESENTED BY…
Yuvrajsinh Zala(KBSCMR)