Navigation Links
Government Policies and Booming Economy Keep Indian Healthcare in Top Shape

With the demand for healthcare services set to more than double in the next five to ten years, the Indian healthcare industry appears ripe for investment. A robust economic reform process and inflated healthcare budgets have attracted big ticket foreign investments in several sectors, such as pharmaceuticals, biotechnology, clinical trials, medical devices and equipment, healthcare services, insurance, and outsourcing.

New Country Industry Forecasts from the Frost & Sullivan Economic Research and Analytics team addressing the Indian Healthcare Industry reveals that opportunities exist in the pharmaceutical and medical tourism sectors of the industry.

India's recognition of pharmaceutical product patents and establishment of new regulatory bodies will likely draw more foreign investors seeking outsourcing opportunities in the country. Additionally, the creation of a suitable infrastructure coupled with an increase in healthcare as well as drug and pharmaceutical R&D expenditures will attract new drug development projects.

"The government is not sparing any efforts to promote India as a hot destination for medical tourism," says Frost & Sullivan Research Analyst Konda Reddy. "It has increased the budget outlay toward the development of medical tourism centers across the country."

By increasing public healthcare expenditures to 2.0 percent of the gross domestic product (GDP) by 2010, as stated in the National Health Policy, the government will help to increase the number of healthcare centers in remote areas and improve essential healthcare supplies.

The government continues to work toward delivering effective and affordable healthcare services to the population's vulnerable sections residing in rural areas through its common minimum program and national rural health mission.

India also looks to modernize its healthcare system through greater collaboration with the healthcare industry. Specifically, the country hopes to provide innovative drugs, expand healthcare insurance, as well as provide modern medical equipment and better services. The government aims to revolutionize the delivery of healthcare services using information and communication technology with its implementation of Telemedicine, one of the world's biggest healthcare projects.

Healthcare-related programs such as e-Health and the government's encouragement of public-private partnerships, have improved the accessibility, standard and quality of medical services. India continues to give priority to its national disease control programs, which receive considerable funding from various bilateral and multilateral donor agencies.

The various health and family welfare programs must share credit with the country's economic and social transformation, for the improvements in basic healthcare indicators such as infant mortality rate (IMR), maternal mortality ratio (MMR), life expectancy, and death rate over the last decade.

Despite obstacles, the economy will likely improve steadily from 2006 to 2010. The GDP and gross capital formation are expected to increase, while the inflation rate will likely decrease. Furthermore, the government will also implement policies to significantly lower the unemployment rate.

"This conducive investment environment has directly and indirectly enhanced healthcare infrastructure, facilities, and the quality of healthcare professionals in India," notes Reddy. "This has, in turn, improved the standard of health services in the country, making it a potential regional hub for healthcare services in the Asia Pacific."

The three-part series addressing the Indian Healthcare Industry is part of the Frost & Sullivan Healthcare GPS subscription services. The Political and Policy Analysis of the Indian Healthcare Industry provides a detailed coverage of the political establishment, general economic and in dustry specific policies, and their impact on the industry. The Economic Analysis provides an overview of the market size, a discussion of drivers as well as restraints, and an analysis of market structure in the context of the overall Indian economy. The Social, Infrastructure, and Labor Analysis studies the labor market dynamics, infrastructure conditions, and consumption profile of end-users. Analyst interviews and briefings are available to the press.

Frost & Sullivan's Country Industry Forecast research provides a unique country-specific perspective on various industries. The valuable Country-Industry Linkage includes in-depth analyses and forecasts.

The Frost &Sullivan Economic Research and Analytics team provides research focused on timely and critical sociometric, econometric, demographic, political, and regulatory information for specific countries by industry. It produces research services, economic impact articles, and economic updates that discuss relevant and critical economic trends.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.


'"/>




Related medicine news :

1. The Indian Government has given the nod to conduct Human volunteer trials inorder to develop preventive AIDS vaccines
2. The Central Government of India had issued a list of approved ingredients for use in ayurvedic, siddha, unani drugs
3. Tanzanian Government Sanctions $20 Million For AIDS Arug
4. Government Organisation Proposes Strict Guidelines For SubStandard Medical Devices
5. Indian Government warns Gujarat regarding possibility of bird flu
6. Indian Government Sets Up Task Force For Avian flu
7. Delhi Government To Interlink All Major Hospitals Through e-Governance
8. Kerala Government is in High Alert for Bird Flu
9. Philippines Government prepares to counter bird flu
10. Government Takes Tough Stand Against Falling Sex Ratio
11. Avian Influenza: Government to set up expert committee
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:2/13/2016)... ... February 13, 2016 , ... ... Data Management Solution Providers list for its expertise in eClinical Solutions. DDi has ... to serve the technology needs of global clients. DDi provides smarter technology for ...
(Date:2/12/2016)... ... February 12, 2016 , ... The law firm of ... Evangeline Parishes. The purpose of these scholarships is to encourage applicants to pursue ... to seek employment within these two parishes. , “We have available jobs in ...
(Date:2/12/2016)... Falls Church, VA (PRWEB) , ... February 12, 2016 , ... CDRH Enforcement Trends: , ... http://www.fdanews.com/cdrhenforcementtrends , As Winston Churchill said, “Those who don’t learn ... 2015 will show what to expect when they come knocking this year. But that takes ...
(Date:2/12/2016)... ... February 12, 2016 , ... As a former television ... a demanding job, and no time to decompress, Rabinowitz found herself drawn to a ... meditation for its impact on her life, implementing a 20-minute-per-day meditation practice with her ...
(Date:2/12/2016)... ... 12, 2016 , ... The ThedaCare Center for Healthcare Value ... on April 5-7. The series is a multi-day, multi-workshop event designed to teach ... a broad range of topics, including coaching skills, the scientific method of problem ...
Breaking Medicine News(10 mins):
(Date:2/12/2016)... 12, 2016 ... http://www.sedar.com ) und der ... abrufbar.    --> http://www.sedar.com ) ... http://www.telestatherapeutics.com abrufbar.    --> ... seinen Konzernabschluss des zweiten Quartals und ...
(Date:2/12/2016)... HOUSTON , Feb. 12, 2016  Memorial Hermann ... center Dwight Howard to bring a one-of-a-kind ... Hospital . Using cutting-edge technologies such as 360-degree video ... kids both virtually, then literally – giving the patients ... – and it was all caught on video ...
(Date:2/12/2016)... 2016  Eli Lilly and Company (NYSE: LLY ) ... (pemetrexed disodium) vitamin regimen patent would not presently be infringed ... France , Italy and ... only with dextrose solution.  --> ... of Appeal held that Lilly,s patent would be indirectly infringed ...
Breaking Medicine Technology: