Download Healthcare Industry PDF

TitleHealthcare Industry
TagsHealthcare Industry Swot Analysis Health Care Public Health Pharmaceutical Industry
File Size122.7 KB
Total Pages8
Table of Contents
                            Facts about the health care industry trends:
Health care industry trends suggests changes in the following spheres:
Health care industry in India and the GDP or gross domestic product:
                        
Document Text Contents
Page 1

Healthcare industry in India has seen a phenomenal growth in the last decade. The market comprises healthcare

organizations (hospitals, nursing homes, diagnostic centers, dental hospitals, clinics, ayurveda hospitals, etc.),

persons (doctors, dentists, nurses, and other caregivers), and health insurance providers. Private companies play a

greater role than the public sector in providing healthcare services as this sector is expected to be financially stronger

and well managed. With the growth of the Indian middle class segment, shift toward private healthcare services to

obtain more value and service is expected.

Indian healthcare industry is at growing stage and is thereby not subjected to strict regulations by the government.

There is a general liberalization of trade and investment owing to which most devices do not need import license.

Further, no restrictions have been imposed on refurbished medical equipments. In addition, tariff rates applicable on

refurbished medical equipments are same as new equipment, which ranges from 5 to 30 percent.

The report forecasts the IT spending of the Healthcare Industry in India over the period 2008-2012.The report also

segments the total healthcare IT market in India by technology type. Further, the report discusses the market trends,

growth drivers and growth barriers that characterize the Healthcare Industry in India. The report also profiles some of

the key vendors in the Healthcare Industry in India.

TechNavio Insights is a set of reports based on TechNavio – a market intelligence platform for the IT industry. It

builds on the intelligence available within TechNavio, and leverages on the custom research experience of the

'Technology Navigators'. TechNavio is built on years of experience of Infiniti Research in deep dive custom research

and consulting for over 30 Fortune 500 companies and numerous large and mid-sized companies.

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Health care industry plays an important part in the economy of a country. The health care industry
determines the GDP or the gross domestic product of any country. It also determines exports status,
employment, capital investment etc. Health care segment provides employment openings to many
individuals directly associated with the health care sector or other associated sectors, related to the health
care industry in some way or the other. Efforts are usually made to keep the dollars rolling within the
country economic set up. Businesses dealing in health care adds to the already existing economy by buying
utility programs, by paying taxes for property etc.,.

The health care industry consists of the following:

• Dentists and doctors

• Protective care and nursing
• Pharmacies

• Allied medical, health services

• Hospitals

The present era is likely to be dominated by expansion of demands in the market, increasing prices and
increasing awareness among the customers. Such changes will trigger a change in the health care industry
scenario for the better. The year of 1990 witnessed a sluggish rate of growth, the health expenses per
capita marked an all time low. The sluggish nature could be due to the fact that several health programs
were implemented efficiently.

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Healthcare industry trend

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