Juggling between skewed numbers, the Indian healthcare system and industry has been looking to go beyond the explored territories and discover newer market space. eHealth, in its current issue, and in the upcoming issues aims to explore the newer avenues regions that are likely to push the growth of the healthcare sector in the country.
For instance, Radiology players in India are eyeing tier II and tier III cities for augmenting their growth and the sector in India is set to witness significant growth in the coming years. A whole gamut of demographic factors, increased urbanisation leading to sustained economic development and saturation in metro cities are some of the dimensions that draw radiology players to venture into these semi-urban areas and small towns. The Indian market for diagnostic imaging systems is at the moment witnessing a strong growth rate each year and is expected to reach almost US$ 830 million by 2016.
What is also aiding this growth in the health vertical is the rising medical tourism industry in the country, pushed by the costly healthcare services in the developed countries and the availability of cost-effective healthcare services in the country. India’s medical tourism market is expected to more than double in size from US$ 3 billion at present to around US$ 8 billion by 2020.
Further, in a major boost to the healthcare delivery system in the east, West Bengal government plans to infuse `2,600 crore in the state health sector along with an addition of 17,000 more hospital beds in the year 2015-16, making the health market in East ripe for expansion and looking at significant growth. With new entrants and more start-ups foraying to the healthcare arena, copious health allied business is awaiting West Bengal and North East region.
Exploring this region and the opportunities it present, Elets will be organising the 5th Healthcare Leaders Forum, Bengal on December 10, 2015 (hlf.eletsonline.com). The objective of Healthcare Leaders’ Forum, Bengal is to bring forward the Healthcare Technology initiatives taken to facilitate quality care in the Eastern part of India. The summit aims to provide a vibrant platform for the innovators, investors and to engage private companies with the East region Hospitals & Healthcare Service Providers. It will also be a platform for all the healthcare service providers to exchange knowledge and best practices with each other for better healthcare system in Eastern India.
Looking forward to your participation in making this summit a success and play a vital role in the development of the healthcare development in the country.