Market Survey cum Detailed Techno Economic Feasibility Report on Multispeciality Hospital

Description:

The Indian healthcare datesback to the Vedic system of healthcare (Ayurveda) in 5000 BC. The Ayurvedicprinciples of positive health and therapeutic measures relate to physical,mental, social and spiritual welfare of human beings. During the early Vedicperiod, Ayurveda was perhaps the only system of overall healthcare and medicine.It enjoyed the unquestioned patronage and support of the people and theirrulers. Ayurveda proliferated the most during the Vedic period. The Vedicperiod is followed by a long medieval history marked by uncertain politicalconditions and several invasions from outside the country when Ayurveda facedutter neglect and its growth stunted. Unani medicine was brought into Indiaduring this time and gained momentum with the extensive support of Mughalemperors.  With the British invasion, Allopathy was also brought to Indiaand soon got acceptance for swift results. Today, with continuous research anddevelopment, Aallopathy dominates the Indian health care market. Healthcare industry in India is divided into twosegments - services and manufacturing. Whilethe manufacturing segment consists of both medical equipment manufacturingindustry and the pharma production,the services segment is basically split into direct services and indirectservices. Hospitals, health insurance services and R&D services are consideredas direct services, while third partyinsurance, claims settlement services and others, are considered asindirect services. The chart given below shows the structure of the industry. The estimated size of Indian Healthcare industrywas USD 35 billion in 2008 and grew at 23 per cent per annum and touched USD 80billion in 2012 and by 2017 will reach over USD 150 billion. There is anincreasing number of private and public healthcare facilities and are expectedto rise in demand for the industry accounting for USD 6.7 billion. Aspecialty hospital is dedicated to specific sub-specialty care (paediatriccentres, oncology centres, psychiatric hospitals). Patients will often bereferred from smaller hospitals to a speciality hospital for major operations,consultations with sub-specialists and when sophisticated intensive carefacilities are required. These hospitals have highly trained specialists,high-end technology and provide round the clock services. These hospitals areable to do specialised tests, undertake dialysis for acute renal failure,provide ventilation to patients with respiratory failure and render intensivecare to critically ill patients. These hospitals undertake research and haveadequate library facilities. These hospitals concentrate on a particular organof the body and provide medical care e.g., cancer, dental, psychiatry, T.B.etc.

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