Business Opportunities in Rural Healthcare Development Hospital Sector in India
The particular Rural healthcare development hospital in India keeps growing fast. The sector is now estimated to be worthy of US$ 65 billion which is expected to reach US$ 100 billion dollars by 2015, according towards rating agency Fitch. The growth from the sector comes due to- increasing population, growing lifestyle-related health concerns, economic treatment, rising incomes, government initiatives, etc. India is the 1st country to have quite a few global healthcare providers. This rapidly developing sector in India has concluded in a qualitative shift inside patient demands. This has ended in centers of medical superiority developing and acquiring the modern medical equipment to deal with their domestic and overseas patients. Due to the development from the rural areas, people even from the villages are now be conscious about their health concerns. They are opting for more health improvements for safe and diseases free existence. This will create huge investment opportunities from the sector. Opportunities for investment in Healthcare Healthcare infrastructure: A huge amount of private capital will probably be required in the coming years in order to meet infrastructure needs of professional medical in India. An additional 2 million beds are required for India to link the gap and plan demand estimations in 2025. The government is expected to contribute only 15-20 per cent of the total, providing a huge opportunity for private players to fill the hole. Diagnostic & Pathology Providers: High cost difference in India makes for outsourcing of pathology along with laboratory tests by overseas hospital chains Telemedicine: You will find there’s vast opportunity for investment in telemedicine since it provides rural areas usage of better quality healthcare. Healthcare tourism: Medical tourism in India has also received a boost while using the arrival of patients from different countries. According to industry estimates, the market size of medical tourism is estimated being around US$ 2. 5 billion, which is growing at over 25 per cent per annum. Hence, generate enormous investment opportunities inside India.Contract Research: Contract research is often a rapidly growing segment from the Indian health care sector. Foreign players are getting into contract research to lessen their operational and specialized medical cost. Health Insurance: Increasing healthcare cost along with burden of new diseases in conjunction with low government funding features raised the demand for medical care insurance coverage. Less than 15 per cent of the Indian inhabitants is covered through medical care insurance. With the increasing requirement for affordable quality professional medical in India, the penetration of medical care insurance is poised to grow rapidly from the coming years. Major Development Drivers in l Healthcare Development Hospital In India 100 per cent FDI is permitted for everyone health-related services under the automatic route. Lower contract deals and higher depreciation on medical equipment. Income tax exemption for five several years to hospitals in rural areas, Tier II along with Tier III cities. Increasing penetration of medical care insurance. High-growth in medical travel. Medical revolution in Madurai .