Companies in 2017
n terms of revenue and employment, Healthcare is one of the largest and vast sectors of India, and the
IHealthcare Industry comprises the Pharma, Biotech, Hospitals, Clinical Trials, Outsourcing, Medical Equipment, Medical Devices, Health Insurance, and Medical Tourism. The Indian healthcare division is expanding at a brisk pace due to its strengthening coverage, services and rising expenditure by the public as well private players. India’ s competing authority lies in its large pool of well-trained medical specialists. India is also cost-effective compared to its peers in rest of the Asia and Western nations. The cost of surgery in India is around one-tenth of that in the US or Western Europe.
Today, the Indian healthcare market is meriting US $ 100 billion and is expected to grow to US $ 280 billion by 2020 and a Compound Annual Growth Rate aka CAGR of 22.9 %. Healthcare services like hospitals, nursing shelters, diagnostics centers and pharmaceuticals constitute 65 % of the total healthcare market. There is still a significant opportunity for enhancing healthcare considering that healthcare spending as a percentage of Gross Domestic Product( GDP) is rising. Rural India in total accounts for over 70 % of the entire country population is set to emerge as a potential demand source.
India is still in need of 600,000 to 700,000 additional beds over the next five to six years, indicative of an investment opportunity of US $ 25-30 billion. The average investment size by private equity funds in healthcare chains has already increased to US $ 20-30 million from US $ 5-15 million, as per PriceWaterhouseCoopers.
The dire need for proficient healthcare device providers has made us look out for“ The 10 Most Admired Medical Device Companies in 2017.” On our cover page we have Dr. Sriram Mudambi, the Managing Director of GC India Dental, is pioneering for spreading SMILE to more than 100 countries globally and been recognized by both Dentists and Dental technicians alike as a provider of consistently high-quality dental products that are easy to handle and capable of delivering the highest service standards to their customers.
So, flip through the amazing folios for insights on organizations striving hard to keep-up with the technological disruption in the healthcare industry. Find out more about the trends in the industry through articles on‘ Tech Bytes: Sustainable and Inclusive Health Innovations of 2017’ and‘ Vocal-Biomarkers: Technology for Analyzing Emotions ' drafted by our in-house editors for this special issue.
Let’ s get started then!
The 10 Most Admired
MEDICAL
Device
Companies in 2017
Flourishing Healthcare Sector of India