Examine the India-Hospital Services Market as Significant Opportunities Emerge Both from the Domestic Market and Medical Tourism
DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/917878/towards_a_healthy)
has announced the addition of the "Towards a Healthy India-Hospital
Services Market" report to their offering.
The 'Indian Hospital Services Market' report covers the Indian
Hospital Services sector with an overview of the healthcare scenario
in the country, and the major segments within the industry. It will
focus on the dynamics of the sector, the trends over a period of time,
and the key challenges faced by the industry which will act as a
ready-reckoner for the client.
The healthcare sector in India is yet to experience sustainable
growth in the years to come. It is interesting to note that the
healthcare spending in India accounts for over 5 percent of the
country's GDP. Public spending on healthcare accounts for around 1
percent of GDP while the private sector accounts for around 80 percent
of total spending on healthcare in the country. Indian hospitals,
which plays a pivotal role in India's healthcare system has scope for
improvement.
The number of hospital beds in India is around 1.1 per thousand
people, which is significantly lower as compared to most developed
economies. The increased prevalence of lifestyle diseases that
accompany increased prosperity are a major factor behind the increased
demand for hospital services. Rise in affordability and increased
availability of health insurance are other factors that make health
services more accessible. Inadequate public investment in health
infrastructure provides private hospitals with the opportunity to
capture a larger share of the market with the emergence of corporate
hospital chains that provide tertiary healthcare services in large
towns and cities.
Moreover, the Indian hospitals industry is facing acute shortage
of trained personnel, ranging from doctors, nurses, technicians and
even healthcare administrators. This paves the way for new players to
establish training & education centres to provide trained healthcare
personnel. The emergence of private hospitals is likely to change the
state of healthcare in India. Additionally, technological innovations
in service delivery, increased affordability, improved service quality
and government policy initiatives are other factors expected to
improve the sector.
The increased prevalence of lifestyle diseases that accompany
increased prosperity are a major factor behind the increased demand
for hospital services. Rise in affordability and increased
availability of health insurance are other factors that make health
services more accessible. Inadequate public investment in health
infrastructure provides private hospitals with the opportunity to
capture a larger share of the market with the emergence of corporate
hospital chains that provide tertiary healthcare services in large
towns and cities.
The outlook for the hospital services is positive with significant
opportunities for service providers not only from the large domestic
market but also from emerging trends of medical tourism. Technology
innovations in service delivery, increased affordability, improved
service quality and government policy initiatives are other factors
that are likely to impact growth of the sector.
Research Methodology Used:
-Information Sources
The information has been gathered from authentic and reliable
sources like Government Agencies, Trade associations, Trade journals,
Industry portals Newspapers, White papers and Books. The data is also
sourced from paid databases.
-Analysis Method
The methods of Historical Trend Analysis, Ratio Analysis, and
Cause and Effect Analysis have been used.
Prospective Target Audience:
-Players from the PE/VC industry
-Consulting firms (looking for aggregated information that
validates their own findings)
-In-house strategy teams of companies that operate in the
individual industry sectors or that seek to enter these sectors.
Scope of the Report:
-The report covers the Indian Hospital Services sector with an
overview of the healthcare scenario in the country, and the major
segments within the industry. It will focus on the dynamics of the
sector, the trends over a period of time, and the key challenges faced
by the industry.
-The competitive landscape provides an overview of the major
sector participants including the public, private and community
institutions apart from a snapshot of the major players in the sector.
This will be followed by the any regulatory and taxation issues that
impact the sector.
-The concluding section of the report covers the future outlook of
the industry and will focus on the evolving concept of healthcare,
emphasis on quality standards, and government initiatives among other
factors that are likely to play a role in shaping the future of the
industry.
Key Topics Covered:
- Overview of Hospital Services Industry
- Market Dynamics in India
- Current Scenario & Trends
- Competitive Landscape
- Industry Regulations
- Porter's Five Forces Model
- Future Outlook
For more information visit
http://www.researchandmarkets.com/research/917878/towards_a_healthy
Research and Markets
Laura Wood, Senior Manager
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com
Copyright Business Wire 2008
