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    Sector in India: Presented By: Shankar Annie Avinash Baljeet Rakesh Mazhar Anubhav

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    The document provides an overview of the Indian health sector. It discusses that traditionally, indigenous medical practices used plants and herbs for treatment. After independence in 1947, the health sector has grown to contribute 5.2% of India's GDP and $40 billion in market size, expected to reach $150 billion by 2015. Key growth drivers include a growing middle class, rising incomes, increasing medical tourism, and expanding health insurance coverage. The health sector consists of hospitals, diagnostic centers, medical device manufacturers, and pharmaceutical companies. Challenges include a growing population, low public spending on healthcare, and a need for health sector reforms.

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    Sector in India: Presented By: Shankar Annie Avinash Baljeet Rakesh Mazhar Anubhav

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    annietopno
    67 views17 pages
    The document provides an overview of the Indian health sector. It discusses that traditionally, indigenous medical practices used plants and herbs for treatment. After independence in 1947, the health sector has grown to contribute 5.2% of India's GDP and $40 billion in market size, expected to reach $150 billion by 2015. Key growth drivers include a growing middle class, rising incomes, increasing medical tourism, and expanding health insurance coverage. The health sector consists of hospitals, diagnostic centers, medical device manufacturers, and pharmaceutical companies. Challenges include a growing population, low public spending on healthcare, and a need for health sector reforms.

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    The document provides an overview of the Indian health sector. It discusses that traditionally, indigenous medical practices used plants and herbs for treatment. After independence in 1947, the health sector has grown to contribute 5.2% of India's GDP and $40 billion in market size, expected to reach $150 billion by 2015. Key growth drivers include a growing middle class, rising incomes, increasing medical tourism, and expanding health insurance coverage. The health sector consists of hospitals, diagnostic centers, medical device manufacturers, and pharmaceutical companies. Challenges include a growing population, low public spending on healthcare, and a need for health sector reforms.

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    67 views17 pages

    Sector in India: Presented By: Shankar Annie Avinash Baljeet Rakesh Mazhar Anubhav

    Uploaded by

    annietopno
    The document provides an overview of the Indian health sector. It discusses that traditionally, indigenous medical practices used plants and herbs for treatment. After independence in 1947, the health sector has grown to contribute 5.2% of India's GDP and $40 billion in market size, expected to reach $150 billion by 2015. Key growth drivers include a growing middle class, rising incomes, increasing medical tourism, and expanding health insurance coverage. The health sector consists of hospitals, diagnostic centers, medical device manufacturers, and pharmaceutical companies. Challenges include a growing population, low public spending on healthcare, and a need for health sector reforms.

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    of 17

    SECTOR IN INDIA

    Presented by:
    Shankar
    Annie
    Avinash
    Baljeet
    Rakesh
    Mazhar
    Anubhav
    INTRODUCTION TO INDIAN HEALTH SECTOR

    Before independence
     Traditional practitioners contributed to the medicinal needs of society.
     medicinal properties of plants and herbs were used for treatment.
    colonial rule changed the scenario hospitals managed by Christian
    missionaries took centre stage.
    After independence
     Contribute 5.2% of GDP….3rd largest growing sector in India
     Market-$40 billion…expected to grow to $150 billion by 2015
     Government has created special visas for medical tourisms.
    The Indian health center consist of
    Medical care providers like physicians, specialist clinics, nursing homes,
    hospitals.
     Diagnostic service centres and pathology laboratories.
     Medical equipment manufacturers.
     Contract research organizations (CRO's), pharmaceutical manufacturers
    Growth drivers
     Growing middle class
     Rising income
     Growing and aging population
     Growing urbanization
     Growing medical tourism
     Healthcare insurance penetration
    70 60
    US$ bn
    % of GDP
    60
    Per Capita 50

    50
    40
    40
    30
    30
    20
    20

    10 10

    0 0
    2005 2006 2007 2008 2009
    Key Opportunity Segment

    Hospital Services Medical Tourism Tele Medicine


    Leading Country 80% conc. in Urban, 73% resides
    Est. USD 1-2 Billion/2012 in rural.
    Growth-30%/Yr Exponential growth in Info &
    USA-Saves Cost, Canada-long Telecomm, making India highly
    appointments, Britain-National competitive.
    Health Service Wait Govt. & Public Sector Initiatives
    Leading Players-Wockhardt,
    Fortis, MaxHealthcare, Asian
    Heart, Apollo
    Medical Devices

    Pathology Services
    Health Insurance
    Source- E &Y 4
    Public & Private Hospitals
    World Health Organisation (WHO)
     Promoting Development
     Fostering health security
     Strengthening health systems
     Harnessing research, information and
    evidence
     Enhancing partnership
     Improving performance
    Health Products
    The Indian Health Scenario

     Total Expenditure on health in India is nearly 6% of the


    entire GDP
     Government spending is less than 25% against the average
    spending of 30-40 % in other developing countries.
     Indian health insurance industry stands at INR 5,125
    crores with only a small Section of the total population
    (around 2%) being covered so far.
     CAGR of around 35 % (FY2002-08)
     Health Insurance industry in India is one of the fastest
    growing segments.
    India Health Insurance Market Size &
    Growth Rate
    Market Size: (INR) - Crores

    6000

    5125
    5000

    4000
    CAGR – 35% 3209
    3000

    2222
    2000 1732
    1354
    1004
    1000 761

    0
    FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008

    Market Size: (INR) - Crores


    Pillars of change and Enablers for growth – Health Insurance

    Pillars of Enablers for Outcom


    Change Growth e

    Consumer Awareness
    Product & Pricing
    Standardization of Health Innovation
    care costs and Accreditation
    norms
    Healthy
    Technology Vibrant
    Healthcare Infrastructure
    India
    Data & Information Exchange
    Channel Innovation
    SPA-The new age health destination

    Estimated market size of spas in India: Rs. 11,000


    crores,
     Estimated annual growth rate of 25 to 35%

     Rs 60 lakh to 1.4 crore: Investment required

     1 to 1.5 years: Time required to break even.

    Source: Ernst and Young audit report for Ficci


    Health food and drinks
     India’s nutrition industry is generating US$6.8 billion in annual
    revenue, and this number is expected to nearly double in the next five
    years .
     There has been a boost in the production and consumption of various
    health foods which inclues cornflakes; honey; brahmi
     In addition to these; certain diet supplements like- sugarfree ; vitamin
    supplements; have been able to achieve a substantial market share.
     Drinks like- Horlicks; Boost; Viva; Maltova are the leaders in the
    Indian health drink market.
     Further; Complan; Glucon D from Heinz India and Cadbury India’s
    Bournvita are also popular.
    National Health Programmes
     National Leprosy eradication programme (NLEP)- In operation since
    1955.
     National TB Control programme (NTCB)- The control of this disease
    has become difficult due to emergence of drug resistance cases.
     National Anti Malaria programme (NAMP)- Malaria has been a serious
    issue of concern.
     National Programme for Control of Blindness (NPCB)- The objective
    of this programme is to reduce the incidence of blindness to 0.7% from
    the estimated present level of 1.35.
     National AIDS Control Programme-  AIDS ( Acquired Immuno
    Deficiency Syndrome) has emerged as a serious public health
    emergency. The government has tried to ensure blood safety in blood
    banks; introduced AIDS education in schools; set up various AIDS
    related NGO’s.
    MEDICAL TOURISM

    Source: IBEF, Literature Review


    Cost Savings Healthcare Cost Differential
    Gall Bladder 850 USA India
    80% Transplant 8000

    91.2% Heart Surgery 4400


    50000

    Bone Marrow 30000


    92.5% Transplant 400000

    98.8% Salary: Nurse 600


    50000

    Salary: Doctor 4000


    97.7% 180000

    0 20000 40000 60000 80000US$


    SWOT ANALYSIS
    STRENGTHS WEAKNESSES
    • COST EFFECTIVE • PRICE DESCRIMINATION

    • UNTAPPED MARKET • INCOMPETENT PUBLIC SECTOR

    • COMPETITIVE WORK FORCE • LOW / CAPITA EXPENDITURE ($ 94)


    SWOT ANALYSIS
    OPPOTUNITIES THREATS

    • POLICY MAKEOVER • BURGEONING POPULATION

    • MEDICAL TOURISM • ILL MONITORED SYSTEM

    • USE OF IT
    Thank You

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