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