June 27,2013 : Bharat Book Bureau presents the new report, on 'Indian Hospital Industry' gives valuable insights on the Indian hospital industry, covering the main drivers of the sector such as changing demographics, transition in disease profile, medical tourism, and increasing per capita income. However, the hospital industry has its own set of challenges. It faces a shortage of qualified professionals such as physicians and nurses. A national body which can prescribe uniform standards for the industry is yet to be constituted.
The Indian healthcare sector is expected to grow at 10-12% CAGR up to FY17, driven by the hospital industry, which accounts for 70% of the sector. Factors such as rise in per capita spending on healthcare, change in demographic profile, transition in disease profiles, increase in health insurance penetration, and fast growing medical tourism market, are expected to spur the growth of the industry.
Private spending on health is expected to stay at current elevated levels. Government is expected to continue with personal tax incentives to encourage the participation of people under the insurance umbrella and increase the level of health insurance penetration. Increasing rural incomes and generous health care and insurance schemes of the government have enhanced the affordability of better health care facilities in Tier II and III cities. Low cost projects due to cheap real estate and lower employee costs are now possible. Hence, most corporate hospitals are expanding their operations beyond Tier-1 cities. Many of the hospitals are experimenting with new business models, leading to faster break-even.
The report provides Research’s outlook on Indian Hospital industry on aspects like the current infrastructure and steps to improve it, the growth drivers, the challenges faced by the sector players, and overview of the major players in the Indian hospital industry. The report also gives an insight about the expansion of players in key cities including Tier II and III centres.
The report is indispensable for any company in healthcare industry, Banks/FIs, policy makers, research & academic organizations, other international and national agencies, etc. Additionally, the quarterly updates (for the period Q1FY14 to Q4FY14) accompanying the subscription of the said report would form a potent tool for the subscribers to keep abreast of the happenings in the industry.
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