http://www.ibef.org/industry/healthcare.aspx
Please refer to excerpts from recent study by Technopak advisors.
Healthcare, which is a US$ 35 billion industry in India, is expected to reach over US$ 75 billion by 2012 and US$ 150 billion by 2017, according to Technopak Advisors in their report – ‘India Healthcare Trends 2008’.
The sector offers immense potential to healthcare players as the country witnesses a rise in the incidence of lifestyle-related and other diseases. A growing elderly population and rise in income levels are also pushing for better facilities in the country.
To meet this growing demand, the country needs US$ 50 billion annually for the next 20 years, says a Confederation of Indian Industry (CII) study. India needs to add 3.1 million beds by 2018 to the existing 1.1 million, and requires immediate investments of US$ 82 billion, as per the Technopak Advisors report.
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It is important that our alternate health care and traditional medicine practices are mainstreamed or at least recognized and provided for in the new policy and implementation framework and protocol. Some of the segments in society will be greatly benefited by these systems once they are recognized and considered as part of a holistic system approach. This may require some evaluation and validation exercises at the pre-clinical or clinical level so that the traditional and the modern ,as well as the formal and informal sectors ,and other stakeholders like researchers,departmental agencies and industry are brought together.The TSRI [traditional systems research initiative] which I have formulated at NIIST,CSIR,TRIVANDRUM,INDIA is case in point where traditional practitioners network,modern medicine,researchers and management expertise is linked up for win-win situation in health care scenario,true a scientific and comprehensive framework. this will eventually become a learning infrastructure for drug development,evaluation,clinical trials,and intellectual property protection as well as industrialization in health care. the kerala government advisory for knowledge commons related to traditional practices under the patent regime,and the government order exempting certain categories of traditional practitioners are welcome moves.Earlier TBGRI,a research institution had researched upon and patented the product based on leads from tribals ,and there was community ownership as the drug was being commercialised.Formal- informal sector approaches in healthcare management can be very effectively implemented in India ,as revealed by preliminary studies that I had initiated at NIIST[TSRI].NIF efforts in this direction was aimed at this mainstreaming,but calls for mutual recognition and trust among the various players which has to develop in a policy protocol for the purpose.SURESHKUMAR.S,SCIENTIST AND ADVISER ,NIIST,TRIVANDRUM,CSIR,INDIA
I really appreciate you for posting such a wonderful post. India differs vastly from other destinations in terms of cost, infrastructure, human resources, patient perceptions, competencies, and the level of government support in medical facilities.
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