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MeraCareerGuide
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5. May 2010 04:01
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Opportunities in HealthCare Industry
Mc Kinsey Report predicts that India's health care industry will reach staggering US$ 190 billion. Healthcare sector is set to change drastically in India in the near future. Many corporate organizations have unfolded their plans to build state-of-art thirty to fifty hospitals each including Superspeciality hospitals in metros and second tier cities. Some of them have plans to expand in Middle East and South Asian Countries. India today has number of world class corporate hospitals equipped with the most advanced technology and highly qualified and experienced clinicians.
The Indian Healthcare industry is undergoing a phenomenal expansion and India is now looked upon as the leading country in the promotion of medical tourism, with an annual growth rate estimated at 30%. It has grown from 15% in 2000 to 30% in last five years. As per study, more than 1,50,000 medical tourists visited India in a year. The Indian government's spend on the healthcare sector is expected to be around 8% of the GDP by 2010.
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Healthcare Market Size & Trends
- As per the CII-Mc kinsey Industry Analysis Report, demand is expected to outstrip supply over the next decade. Almost 80,000 additional hospital beds will be required every year for the next three to four years to adequately meet growing healthcare demands.
- The government, traditionally the largest healthcare provider, is now under pressure to meet evolving and rising demands for healthcare services across the country.
- The healthcare industry's size is currently estimated at USD 20 billion and can increase to USD 60 billion by 2010.
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