NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/08/04 - The rapid growth in the Indian healthcare sector is poised to be the future growth driver for the economy. India’s health expenditure is among the highest for developing countries..
India’s healthcare services industry is expected to be very appreciable in the near future. The Indian healthcare sector is anticipated to be the future growth driver for the economy. The Indian government expects that the healthcare industry, which is currently valued at $17 billion and comprises of hospital service, healthcare equipment, managed care and pharmaceuticals would grow at a rate of 13 percent annually.
The Indian healthcare industry overview indicates it has the same exponential growth potential as software and pharmaceutical industries in the country. Till now only 12% of the opportunities in Indian healthcare sector has been dug.
In terms of percentage of GDP, India’s expenditure on health is among the highest of the developing countries. With the gaping difference in health costs between Indian and western countries, India is now the preferred destination quality health solutions. Other reasons account to the improved healthcare sector performance through growth in pharmaceutical market and health insurance market in the country.
The recent market research report, “Opportunities in Indian Healthcare Sector” published by RNOCS informs that the country’s healthcare expenditure constitute 5.2% of its GDP. The health market, which includes retail healthcare, healthcare services, medical and diagnostic equipment and supplies are valued at $31 billion. In addition the Indian healthcare industry has over 4 million people engaged in it, making it one of the largest service sectors in the economy.
The research report also addresses critical issues and facts, which relate to:
• The emerging trends in the healthcare sector in India
• The key regulations and policy environment in the industry
• The future scenario of the healthcare market in India
• The key players in this market
• The key opportunities in healthcare sector of India
• The challenges faced by the industry
• Other economic factors affecting the healthcare market in India
RNCOS’ report is based on extensive research giving an objective analysis of the healthcare sector in India. It also provides detailed data and analysis, which can be beneficial for investors to understand the changing dynamics of the healthcare industry. Others, connected with growth in pharmaceutical market can also capitalize by studying this report.
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