The Indian healthcare industry is divided into two segments - services and manufacturing. While the manufacturing segment consists of medical equipment manufacturing industry and pharma production, the services segment is basically split into direct services and indirect services. Hospitals, health insurance services and R&D services are considered as direct services, while third party insurance, claims settlement services and others, constitute the indirect services.
The growth in the healthcare services in the country is primarily driven by the 350 million strong middle class people aspiring for quality healthcare services, thus increasing international confidence on India as a potential, high quality and low cost medical tourism destination. According to the WHO report, India needs to add 80,000 hospital beds each year for the next five years to meet the demandsof its growing population. High quality talent pool, proven track record, favorable government policies, ability todeliver healthcare services at low cost and high quality infrastructure has put India on the global map for outsourcing various healthcare related services. This has been further intensified by Government of India’s recent budget declarations, where enough emphasis has been given on setting up of healthcare delivery infrastructure mainly in Tier – I & Tier – II cities. Thus, as an entrepreneur this project offers an exciting opportunity to you.
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