A hospital is an institution that provides preventive, curative/ameliorative, palliative, or rehabilitative services in the context of health care. The WHO's definition, however, is quite comprehensive and exclusive, and it reads as follows: "an integral part of the medical and social organisation whose mission is to provide for the population complete health care, both curative and preventive; and whose outpatient services reach out to the family in its home environment." The hospital serves as a hub for bio-social research as well as the training of healthcare professionals.
A hospital is designed to treat people with a variety of illnesses. Through the provision of medication and treatment for the eradication of diseases that deprive people of their health and cause them to suffer, doctors serve the nation as a whole. A teaching facility or college is typically connected to a hospital. The O.P.D. and admission services for seriously ill, seriously injured, seriously burned, pregnant women, casualties, etc. are provided by hospitals.
Private hospitals were given the chance to do well due to the growing negligence of the hospitals' doctors and their overpopulation. Numerous private hospitals with complete ECG, X-Ray, laboratory, 24-hour emergency, and admission services for ill people, badly injured people, and pregnant women started to develop.
The middle class and upper class families began favouring these private hospitals and nursing homes because they believed that the cost of a person's life was considerable and that medical bills could be disregarded.
A simple sickness to a big surgery operation can all be treated at a private hospital. In actuality, there are no restrictions on the amenities that can be found in a hospital. However, most private hospitals are outfitted with the most cutting-edge equipment. Surgeons, doctors, E.N.T. specialists, paediatric specialists, eye surgeons, and psychologists are crucial in a hospital.
Uses and Application
1. The applicant's primary goal is to pursue a medical education.
2. The applicant has ownership and possession of the suitable plot of land required by the Medical Council of India to establish the proposed medical college.
3. The applicant has obtained an Essentiality Certificate from the relevant State Government or Union Territory Administration stating that it is desirable and feasible to have the proposed medical college at the proposed location and that sufficient clinical material is available in accordance with Medical Council of India requirements.
4. The applicant has secured permission to affiliate with the planned medical college from a reputable university.
5. That the applicant, who lives close to the proposed medical college, owns and operates a hospital with at least 300 beds, the requisite infrastructure, and the potential to become a teaching facility in accordance with Indian medical council regulations.
6. That the applicant has a workable and time-bound plan to establish the proposed medical college, along with the infrastructure facilities required by the Medical Council of India, adequate hostel facilities for boys and girls, and commensurate with the proposed student intake, in order to complete the medical college within four years of the date of grant or permission.
7. That the medical college would only admit students after the Central Government has given its written consent and the Indian Medical Council is satisfied that there are adequate facilities for beginning M.B.B.S.
8. That the applicant has a workable and time-bound expansion plan to offer more beds and infrastructure amenities in accordance with the Medical Council of India's guidelines.
9. The applicant possesses the managerial and financial skills required to set up and maintain the proposed medical college and its auxiliary facilities, including a teaching hospital.
10. That the applicant offers the Medical Council of India two performance bank guarantees: one for a sum of Rs. 350 lakhs (for 500 beds), Rs. 500 lakhs (for 700 beds), and Rs. 750 lakhs (for 1000 beds) for the establishment of the medical college and its infrastructural facilities, and the second for a sum of Rs. 100 lakhs (for 50 annual admissions), Rs. 150 lakhs (for 100 admissions), and Rs. 200 lakhs (for 150 annual admissions
The public and private sectors make up the two main components of the Indian healthcare delivery system. In addition to a few secondary and tertiary care facilities in major cities, the government's public healthcare system concentrates on providing primary healthcare centres (PHCs) in rural areas. The bulk of secondary, tertiary, and quaternary care facilities are run by the private sector, with a focus on metropolises, tier I cities, and tier II cities.
The Indian healthcare market as a whole is currently estimated to be valued about $100 billion and is projected to increase to US$ 280 billion by 2022, representing a Compound Annual Growth Rate (CAGR) of 22.9%. 65 percent of the market is made up of healthcare delivery, which includes pharmaceuticals, hospitals, nursing homes, and diagnostic facilities.
By 2022, the healthcare information technology (IT) market, currently valued at US$ 1 billion, is anticipated to have increased by a factor of 1.5.
The Indian healthcare market, currently valued at about US$ 100 billion, is expected to rise at a CAGR of 23% to US$ 280 billion by 2022, according to a forecast from Deloitte Touche Tohmatsu India.
Given that healthcare spending as a % of GDP is rising, there is a considerable opportunity to improve healthcare services. Over 70% of India's population lives in rural areas, which are expected to become a potential source of demand.
Over the next five to six years, India will need an extra 600,000 to 700,000 beds, representing an investment potential of $25 to $30 billion. The number of transactions in the healthcare sector are anticipated to rise in the near future as a result of this demand for cash. Private equity funds now invest an average of $20–30 million in healthcare chains, up from $5–$15 million in the past.
Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH) care is provided by a total of 3,598 hospitals and 25,723 dispensaries across the nation, guaranteeing that the general public has access to alternative medicine and treatment.
In India, the medical tourism sector is projected to be worth $3 billion annually, with 230,000 visitors coming. With the number of people travelling to India for medical treatment projected to treble over the next four years, the country's medical tourism business is predicted to reach US$ 6 billion by 2018. Kerala hopes to become India's healthcare centre in five years as more hospitals become accredited, recognised, and more people become aware of the need to improve their quality to meet worldwide standards.
• By 2017 and 2022, it is anticipated that the industry will be worth US$ 160 billion and US$ 280–390 billion, respectively.
• In April 2021, Tata Digital invested Rs. 100 crore (US$ 13.45 million) in 1mg, a start-up that sold prescription drugs online, and was in the process of obtaining a controlling position in the business.
Industry Major Market Players:
· Apollo Hospitals
· TACT Academy for Clinical Training
· Zimmer Institute
· Gundersen Health System
· GE Healthcare
· Medical Training College
· A V P Research Foundation
· Aakash Educational Services Ltd.
· Adani Hospitals Mundra Pvt. Ltd.
· Apple Hospitals & Research Institute Ltd.
· Artemis Medical Institute & Hospitals Pvt. Ltd.
· Asian Heart Institute & Research Centre Pvt. Ltd.
· B P Poddar Hospital & Medical Research Pvt. Ltd.
· Baby Memorial Hospital Ltd.