The healthcare sector in India offers immense growth potential over the next 10 years. It is one of the largest and fastest growing sectors in India due to rising incomes, lifestyle diseases, growth of the elderly population, and lack of a social security system. The sector is expected to more than double in size from $36 billion currently to over $77 billion by 2012. Private spending accounts for 80% of total healthcare spending currently. With various government initiatives and growth in health insurance coverage, the sector is poised for continued strong expansion.
This is a report about Indian Health care industry and How different sectors like Hospitals, Pharmacy and Diagnostics industry are growing. What are the new government policies that are implemented for Health care sector in India.
The Indian healthcare sector is large and growing rapidly due to increased coverage, services and expenditures from public and private players. It comprises hospitals, medical devices, insurance, and tourism. While public healthcare focuses on primary care in rural areas, private providers dominate secondary and tertiary care in cities. India has a large, high-quality, and low-cost medical workforce that makes it competitive globally. The healthcare market is expected to more than triple in size to $372 billion by 2022, driven by rising incomes, aging populations, health awareness, and medical tourism. Private sector investment and healthcare expenditure are also growing strongly.
The document provides an overview of the Indian healthcare system, including key trends, growth drivers, and challenges. It notes that the size of the Indian healthcare industry is $35 billion and growing at 17% annually, faster than any other country. The industry employs over 4% of the population and includes 229 medical colleges, 600,000 doctors, and over 800,000 hospital beds. However, healthcare infrastructure and access remains inadequate, with 80% of healthcare spending being out-of-pocket. The government is taking steps to improve access through initiatives like the National Rural Health Mission and increasing healthcare spending.
Indian healthcare sector is expected to grow significantly over the coming years. The sector is projected to reach US$ 372 billion by 2022, registering a CAGR of 22%. Rising incomes, greater health awareness, and growth in insurance coverage are expected to drive demand. There is potential for increased penetration of healthcare services in India given the country's current ranking of 145th in terms of quality and accessibility of care. The government aims to increase healthcare spending to 3% of GDP and develop India as a global healthcare hub through initiatives like expanding infrastructure and launching the Ayushman Bharat program. Emerging trends include growth of telemedicine and expansion of services to tier 2 and 3 cities.
India's healthcare sector is growing rapidly and is expected to become one of the top 3 global markets by 2020. Both public and private sectors play a role, with the government providing policy initiatives and infrastructure while also encouraging private investments. Private hospitals now offer a wide range of specialty and super specialty services using advanced technologies. The growing middle class and changing lifestyles have increased demand for treatment of non-communicable diseases. Both domestic and medical tourism are contributing to the sector's growth.
The document discusses the healthcare market in India. It notes that the Indian healthcare market is expected to grow strongly, reaching $280 billion by 2020 due to rising incomes, greater health awareness, and increasing insurance penetration. The market is split into five key segments - hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, and medical insurance. Hospitals currently account for 71% of total healthcare revenues in India.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
This is a report about Indian Health care industry and How different sectors like Hospitals, Pharmacy and Diagnostics industry are growing. What are the new government policies that are implemented for Health care sector in India.
The Indian healthcare sector is large and growing rapidly due to increased coverage, services and expenditures from public and private players. It comprises hospitals, medical devices, insurance, and tourism. While public healthcare focuses on primary care in rural areas, private providers dominate secondary and tertiary care in cities. India has a large, high-quality, and low-cost medical workforce that makes it competitive globally. The healthcare market is expected to more than triple in size to $372 billion by 2022, driven by rising incomes, aging populations, health awareness, and medical tourism. Private sector investment and healthcare expenditure are also growing strongly.
The document provides an overview of the Indian healthcare system, including key trends, growth drivers, and challenges. It notes that the size of the Indian healthcare industry is $35 billion and growing at 17% annually, faster than any other country. The industry employs over 4% of the population and includes 229 medical colleges, 600,000 doctors, and over 800,000 hospital beds. However, healthcare infrastructure and access remains inadequate, with 80% of healthcare spending being out-of-pocket. The government is taking steps to improve access through initiatives like the National Rural Health Mission and increasing healthcare spending.
Indian healthcare sector is expected to grow significantly over the coming years. The sector is projected to reach US$ 372 billion by 2022, registering a CAGR of 22%. Rising incomes, greater health awareness, and growth in insurance coverage are expected to drive demand. There is potential for increased penetration of healthcare services in India given the country's current ranking of 145th in terms of quality and accessibility of care. The government aims to increase healthcare spending to 3% of GDP and develop India as a global healthcare hub through initiatives like expanding infrastructure and launching the Ayushman Bharat program. Emerging trends include growth of telemedicine and expansion of services to tier 2 and 3 cities.
India's healthcare sector is growing rapidly and is expected to become one of the top 3 global markets by 2020. Both public and private sectors play a role, with the government providing policy initiatives and infrastructure while also encouraging private investments. Private hospitals now offer a wide range of specialty and super specialty services using advanced technologies. The growing middle class and changing lifestyles have increased demand for treatment of non-communicable diseases. Both domestic and medical tourism are contributing to the sector's growth.
The document discusses the healthcare market in India. It notes that the Indian healthcare market is expected to grow strongly, reaching $280 billion by 2020 due to rising incomes, greater health awareness, and increasing insurance penetration. The market is split into five key segments - hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, and medical insurance. Hospitals currently account for 71% of total healthcare revenues in India.
- The Indian healthcare sector is expected to grow at a CAGR of 22.87% until 2020 to reach $280 billion. Rising incomes, increasing health awareness, and changing attitudes towards preventive healthcare are driving demand.
- Private sector participation is significant, accounting for around 74% of total healthcare expenditure. Large private sector investments are contributing to the development of hospitals.
- Per capita healthcare expenditure has risen at a CAGR of 5% between 2008-2015 driven by economic growth, insurance penetration, and improved access and quality of facilities. However, India still lags global standards on healthcare access and spending.
Health and health care need to be distinguished from each other for no better reason than that the former is often incorrectly seen as a direct function of the latter. Heath is clearly not the mere absence of disease. Good Health confers on a person or groups freedom from illness - and the ability to realize one's potential. Health is therefore best understood as the indispensable basis for defining a person's sense of well being. The health of populations is a distinct key issue in public policy discourse in every mature society often determining the deployment of huge society. They include its cultural understanding of ill health and well-being, extent of socio-economic disparities, reach of health services and quality and costs of care. and current bio-mcdical understanding about health and illness.
The document provides an overview of the Indian healthcare sector as of June 2017. Some key points:
- The Indian healthcare sector is expected to grow at a CAGR of 26.31% until 2020 to reach $280 billion.
- Private sector accounts for around 74% of total healthcare spending in India.
- Per capita healthcare expenditure has risen at a CAGR of 5% from 2010-2015 reaching $68.6 in 2015.
- Major players like Apollo Hospitals and Aravind Eye Hospitals have a pan-India presence operating numerous facilities across the country.
Indian Healthcare Medical Devices IndustryAklanta Kalita
The Indian healthcare industry is growing due to factors such as a rising middle class and increasing income and life expectancy. However, there is a mismatch between healthcare demand and supply, with most services concentrated in urban areas while most of the population lives in rural areas. This document outlines several opportunities in the Indian healthcare industry, including expanding infrastructure through public-private partnerships, increasing access through telemedicine, promoting medical tourism due to lower costs, expanding health insurance coverage, and growing the medical devices market through both imports and local production.
STATUS OF HEALTH TECHNOLOGY ASSESSMENT IN INDIA (2010)Ruby Med Plus
Research is well-established on a national level, especially essential national Health research (ENHR), with the Indian Council of Medical Research identifying the priority areas. However, the main users of these research findings are academics and researchers. In India, for commissioned research, there is a direct channel of communication between Health care researchers and policymakers. For non-commissioned research the channels of dissemination to policymakers are less clear and more varied, as dissemination of noncommissioned research is limited to academic channels (e.g. papers in peer-reviewed journals or presentations at conferences). The direct dissemination of noncommissioned research at central government level is available to a range of policymakers by distribution of a research report or inviting key policymakers and other stakeholders to a dissemination workshop often less intensively. Another Major constraint, policymakers may not fully understand how to use research to support policy formation as policymakers may not have the ability to evaluate the quality of a research study, difference between qualitative and quantitative research or to interpret research findings, thus experience difficulties in incorporating research findings into policy development for health care programs, which may lead to the failure to translate research into policy or to extraneous conclusions drawn from research results.
Future Trends in Healthcare Industry in India by Dr.Mahboob Khan PhdHealthcare consultant
According to recent studies conducted, the customer's (patient) aspirations are fast changing. Customers are growing more aware of their health needs, demand quick response, less waiting times, and above all - demand nearness of the healthcare unit to them.
Customers though now demand better quality care; they however now do not want to travel much as in earlier days.
And if you notice, the billing and pricing though important, is not a very high priority now as insurance reach is getting stronger (to the tune of 40 per cent among patients visiting a urban hospital).
If this is the window to the future of healthcare, then it leaves immense opportunity for existing hospitals across the country to revamp and re-organise in order to woo back their immediate local drainage population as the competition would heat up soon. The patients would have a lot to choose from, now being insured.
As per various studies including a report by IDFC, and Mc Kinsey, Indian Healthcare industry will be worth $125 billion in the next five years.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
The document provides an overview of trends in the Indian healthcare sector. Some key trends include:
1) Telemedicine is emerging rapidly, with major hospitals adopting telemedicine services to bridge rural-urban divides. The telemedicine market is expected to grow at 20% annually.
2) Healthcare providers are expanding to tier 2 and 3 cities to boost access. The government is providing tax relief to encourage this.
3) There is a shift from communicable to lifestyle diseases as incomes rise and urbanization grows. Around 50% of inpatient spending is now for issues like high cholesterol.
4) Management contracts are becoming more common as hospitals seek additional revenue streams. Home healthcare is also growing to save costs.
The document provides an overview of the healthcare sector in India. It discusses key aspects of the Indian healthcare system including its structure, the growing private sector, expanding middle class, changing demographics, and technological advancements. It also analyzes the sector using PEST and SWOT frameworks, highlighting political, economic, social, and technological factors as well as strengths, weaknesses, opportunities and threats. The Indian healthcare industry is large and growing rapidly but still faces challenges in providing universal access to high quality care.
The document discusses foreign direct investment opportunities in India's large and growing healthcare sector. It notes that the sector, which includes hospitals, medical infrastructure, devices, tourism and outsourcing, is expected to grow at 30% annually. While private sector participation is already high, there remains significant demand for upgraded facilities and a large rural population lacking access to care. The Indian government actively promotes the sector through policies encouraging FDI, which could help bridge healthcare gaps and improve standards.
The Indian healthcare industry is growing rapidly due to increasing healthcare expenditure by both public and private players. The industry is expected to reach $280 billion by 2022, registering a 22.9% compound annual growth rate from 2015-2022. The private sector accounts for about 74% of total healthcare spending in India. The government aims to develop India as a global healthcare hub by increasing access through initiatives like the National Health Mission and encouraging private sector growth. Key drivers of growth include rising incomes, greater health awareness, lifestyle diseases, and health insurance expansion.
In this paper, we seek to map the current state of affairs in the healthcare delivery space in the eastern states, explore recent trends in the sector, identify key areas requiring immediate action and offer recommendations that can ensure equitable access and quality healthcare to all.
While India has several centers of excellence in healthcare delivery, overall infrastructure and access to healthcare is limited across much of the country. The Indian healthcare sector is large at $40 billion currently but expenditure and infrastructure are still amongst the lowest globally. However, the sector is growing rapidly at over 12% annually due to factors such as rising incomes, increasing disease burden from both infectious and lifestyle diseases, and expansion of health insurance coverage. If challenges around quality, access and regulation can be addressed, the sector is expected to reach $55 billion by 2020 and provide many new jobs.
This document discusses the target market and strategy for Glocal Healthcare, a private healthcare provider in India. It notes that over 68% of India's population lives in rural areas with limited access to healthcare. Glocal aims to address this need by providing affordable secondary healthcare to underserved populations, focusing on rural, urban, and semi-urban areas. Its target customer segments are the lower class, below poverty line, and upper lower class. Key expectations of rural customers include reliable treatment at an affordable price within easy reach. The document outlines Glocal's market positioning strategy to meet these expectations through convenient locations, reliable information provision, and empathetic, responsive care.
This document provides an overview of the healthcare systems in India and Bangladesh, including public and private hospitals. It finds that India has over 16,000 total hospitals compared to 1,683 in Bangladesh. Approximately 60% of hospitals in Bangladesh are public compared to 75% in India. The document also examines population statistics, healthcare expenditures, innovation, and recommendations for improving healthcare access and quality in both countries.
The healthcare market in India is large and growing rapidly. It includes hospitals, medical devices, insurance, and other services. The market is expected to reach $280 billion by 2020, growing at a rate of 22.9% annually. India has a large pool of trained medical professionals and lower costs compared to other countries. The government is taking initiatives to improve access and quality of healthcare through programs focused on rural health, insurance coverage, and using technology. The private sector accounts for 74% of healthcare spending and is an important part of meeting India's growing healthcare needs.
The document discusses healthcare in India and provides statistics on life expectancy and the size of the global and Indian healthcare sectors. It notes that India's healthcare sector is valued at $34 billion and is growing at 13% annually. The major segments are public, private, hospitals, pharmaceuticals, and medical tourism. India has a low cost advantage for many medical procedures compared to other countries. The healthcare sector faces challenges around price discrimination, low per capita expenditure, and an imbalance between urban and rural facilities and populations. Future growth is expected to come from rising incomes, medical tourism, and partnerships between public and private sectors.
Market Research Report : Hospital Market in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report – Hospital Market in India. The Indian hospital market is currently experiencing rapid growth over the last few years and it is expected to continue this trend in the near future.
The report provides a snapshot of the hospital market. It begins with an introduction section which offers a study of the types and specifications of the hospital in India. The market overview section provides an insight into the current and forecasted market size of the equipment.
An analysis of the drivers explains the factors for growth among which are the dearth in hospital beds in comparison to the demand it faces, growing healthcare industry, growing affordability among people, growing medical tourism, increasing lifestyle diseases, changing demographic structure and growing health insurance market. Key challenges include insufficient medical professionals, lack of investment in IT infrastructure and shortage of FDI flows in Indian hospitals.
The next section provides a study on the role of government that is taking measures to raise the number of hospitals both public and private and also providing financial incentives to the private players to encourage them to establish more and more hospitals.
The next section provides the Trends that are developing in the hospital market among which are growth in Secondary Care Hospitals, growing interest of foreign hospitals to start business in India, public private partnership projects, funding from private equity firms, increase in operation of mobile hospitals, domestic hospitals offshore expansion along with telemedicine and health city emergence in hospital market.
The competition section gives overview of hospitals in the country that have grown over time segmented on the basis of region. It is then followed by some hospitals that have or will soon commence operation in 2012-13. Thereafter, the report highlights the features of the major players operating in the market. It includes an elaborate profile of the major domestic players in the market along with their financial analysis. Porters Five Forces Analysis has been incorporated for a brief but effective understanding of the market scenario.
The strategic recommendations section focuses on some effective strategic decisions which can be taken up by companies to increase their market shares.
Business of disasters - Kapil Khandelwal - www.kapilkhandelwal.comKapil Khandelwal (KK)
my monthly column on Disaster Management. Business can sustain on disasters rather than let politician do what they can in disasters. #Uttarakhand
Kapil Khandelwal
QuoteUnquote with KK
www.kapilkhandelwal.com
The healthcare industry in India is growing rapidly and is expected to reach $280 billion by 2020. Key factors driving this growth include a strong economy, increasing healthcare financing options, a large demand from India's growing and aging population, and increased opportunities in healthcare delivery. Emerging trends include a rise in chronic diseases due to an aging population, empowered and informed consumers demanding more options, and the use of mobile health technologies to improve access. There are also excellent career opportunities in healthcare given the continued high demand for healthcare professionals.
Health and health care need to be distinguished from each other for no better reason than that the former is often incorrectly seen as a direct function of the latter. Heath is clearly not the mere absence of disease. Good Health confers on a person or groups freedom from illness - and the ability to realize one's potential. Health is therefore best understood as the indispensable basis for defining a person's sense of well being. The health of populations is a distinct key issue in public policy discourse in every mature society often determining the deployment of huge society. They include its cultural understanding of ill health and well-being, extent of socio-economic disparities, reach of health services and quality and costs of care. and current bio-mcdical understanding about health and illness.
The document provides an overview of the Indian healthcare sector as of June 2017. Some key points:
- The Indian healthcare sector is expected to grow at a CAGR of 26.31% until 2020 to reach $280 billion.
- Private sector accounts for around 74% of total healthcare spending in India.
- Per capita healthcare expenditure has risen at a CAGR of 5% from 2010-2015 reaching $68.6 in 2015.
- Major players like Apollo Hospitals and Aravind Eye Hospitals have a pan-India presence operating numerous facilities across the country.
Indian Healthcare Medical Devices IndustryAklanta Kalita
The Indian healthcare industry is growing due to factors such as a rising middle class and increasing income and life expectancy. However, there is a mismatch between healthcare demand and supply, with most services concentrated in urban areas while most of the population lives in rural areas. This document outlines several opportunities in the Indian healthcare industry, including expanding infrastructure through public-private partnerships, increasing access through telemedicine, promoting medical tourism due to lower costs, expanding health insurance coverage, and growing the medical devices market through both imports and local production.
STATUS OF HEALTH TECHNOLOGY ASSESSMENT IN INDIA (2010)Ruby Med Plus
Research is well-established on a national level, especially essential national Health research (ENHR), with the Indian Council of Medical Research identifying the priority areas. However, the main users of these research findings are academics and researchers. In India, for commissioned research, there is a direct channel of communication between Health care researchers and policymakers. For non-commissioned research the channels of dissemination to policymakers are less clear and more varied, as dissemination of noncommissioned research is limited to academic channels (e.g. papers in peer-reviewed journals or presentations at conferences). The direct dissemination of noncommissioned research at central government level is available to a range of policymakers by distribution of a research report or inviting key policymakers and other stakeholders to a dissemination workshop often less intensively. Another Major constraint, policymakers may not fully understand how to use research to support policy formation as policymakers may not have the ability to evaluate the quality of a research study, difference between qualitative and quantitative research or to interpret research findings, thus experience difficulties in incorporating research findings into policy development for health care programs, which may lead to the failure to translate research into policy or to extraneous conclusions drawn from research results.
Future Trends in Healthcare Industry in India by Dr.Mahboob Khan PhdHealthcare consultant
According to recent studies conducted, the customer's (patient) aspirations are fast changing. Customers are growing more aware of their health needs, demand quick response, less waiting times, and above all - demand nearness of the healthcare unit to them.
Customers though now demand better quality care; they however now do not want to travel much as in earlier days.
And if you notice, the billing and pricing though important, is not a very high priority now as insurance reach is getting stronger (to the tune of 40 per cent among patients visiting a urban hospital).
If this is the window to the future of healthcare, then it leaves immense opportunity for existing hospitals across the country to revamp and re-organise in order to woo back their immediate local drainage population as the competition would heat up soon. The patients would have a lot to choose from, now being insured.
As per various studies including a report by IDFC, and Mc Kinsey, Indian Healthcare industry will be worth $125 billion in the next five years.
The document provides an overview of the Indian healthcare industry and infrastructure. It notes that the industry is growing rapidly at 17% CAGR and is projected to reach $280 billion by 2020. Key drivers of growth include rising incomes, health awareness, lifestyle diseases, and insurance penetration. However, healthcare spending and infrastructure in India remains low compared to global standards. The private sector dominates healthcare delivery, accounting for around 80% of total spending. The government is taking initiatives to boost diagnostic infrastructure through public-private partnerships.
The document provides an overview of trends in the Indian healthcare sector. Some key trends include:
1) Telemedicine is emerging rapidly, with major hospitals adopting telemedicine services to bridge rural-urban divides. The telemedicine market is expected to grow at 20% annually.
2) Healthcare providers are expanding to tier 2 and 3 cities to boost access. The government is providing tax relief to encourage this.
3) There is a shift from communicable to lifestyle diseases as incomes rise and urbanization grows. Around 50% of inpatient spending is now for issues like high cholesterol.
4) Management contracts are becoming more common as hospitals seek additional revenue streams. Home healthcare is also growing to save costs.
The document provides an overview of the healthcare sector in India. It discusses key aspects of the Indian healthcare system including its structure, the growing private sector, expanding middle class, changing demographics, and technological advancements. It also analyzes the sector using PEST and SWOT frameworks, highlighting political, economic, social, and technological factors as well as strengths, weaknesses, opportunities and threats. The Indian healthcare industry is large and growing rapidly but still faces challenges in providing universal access to high quality care.
The document discusses foreign direct investment opportunities in India's large and growing healthcare sector. It notes that the sector, which includes hospitals, medical infrastructure, devices, tourism and outsourcing, is expected to grow at 30% annually. While private sector participation is already high, there remains significant demand for upgraded facilities and a large rural population lacking access to care. The Indian government actively promotes the sector through policies encouraging FDI, which could help bridge healthcare gaps and improve standards.
The Indian healthcare industry is growing rapidly due to increasing healthcare expenditure by both public and private players. The industry is expected to reach $280 billion by 2022, registering a 22.9% compound annual growth rate from 2015-2022. The private sector accounts for about 74% of total healthcare spending in India. The government aims to develop India as a global healthcare hub by increasing access through initiatives like the National Health Mission and encouraging private sector growth. Key drivers of growth include rising incomes, greater health awareness, lifestyle diseases, and health insurance expansion.
In this paper, we seek to map the current state of affairs in the healthcare delivery space in the eastern states, explore recent trends in the sector, identify key areas requiring immediate action and offer recommendations that can ensure equitable access and quality healthcare to all.
While India has several centers of excellence in healthcare delivery, overall infrastructure and access to healthcare is limited across much of the country. The Indian healthcare sector is large at $40 billion currently but expenditure and infrastructure are still amongst the lowest globally. However, the sector is growing rapidly at over 12% annually due to factors such as rising incomes, increasing disease burden from both infectious and lifestyle diseases, and expansion of health insurance coverage. If challenges around quality, access and regulation can be addressed, the sector is expected to reach $55 billion by 2020 and provide many new jobs.
This document discusses the target market and strategy for Glocal Healthcare, a private healthcare provider in India. It notes that over 68% of India's population lives in rural areas with limited access to healthcare. Glocal aims to address this need by providing affordable secondary healthcare to underserved populations, focusing on rural, urban, and semi-urban areas. Its target customer segments are the lower class, below poverty line, and upper lower class. Key expectations of rural customers include reliable treatment at an affordable price within easy reach. The document outlines Glocal's market positioning strategy to meet these expectations through convenient locations, reliable information provision, and empathetic, responsive care.
This document provides an overview of the healthcare systems in India and Bangladesh, including public and private hospitals. It finds that India has over 16,000 total hospitals compared to 1,683 in Bangladesh. Approximately 60% of hospitals in Bangladesh are public compared to 75% in India. The document also examines population statistics, healthcare expenditures, innovation, and recommendations for improving healthcare access and quality in both countries.
The healthcare market in India is large and growing rapidly. It includes hospitals, medical devices, insurance, and other services. The market is expected to reach $280 billion by 2020, growing at a rate of 22.9% annually. India has a large pool of trained medical professionals and lower costs compared to other countries. The government is taking initiatives to improve access and quality of healthcare through programs focused on rural health, insurance coverage, and using technology. The private sector accounts for 74% of healthcare spending and is an important part of meeting India's growing healthcare needs.
The document discusses healthcare in India and provides statistics on life expectancy and the size of the global and Indian healthcare sectors. It notes that India's healthcare sector is valued at $34 billion and is growing at 13% annually. The major segments are public, private, hospitals, pharmaceuticals, and medical tourism. India has a low cost advantage for many medical procedures compared to other countries. The healthcare sector faces challenges around price discrimination, low per capita expenditure, and an imbalance between urban and rural facilities and populations. Future growth is expected to come from rising incomes, medical tourism, and partnerships between public and private sectors.
Market Research Report : Hospital Market in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report – Hospital Market in India. The Indian hospital market is currently experiencing rapid growth over the last few years and it is expected to continue this trend in the near future.
The report provides a snapshot of the hospital market. It begins with an introduction section which offers a study of the types and specifications of the hospital in India. The market overview section provides an insight into the current and forecasted market size of the equipment.
An analysis of the drivers explains the factors for growth among which are the dearth in hospital beds in comparison to the demand it faces, growing healthcare industry, growing affordability among people, growing medical tourism, increasing lifestyle diseases, changing demographic structure and growing health insurance market. Key challenges include insufficient medical professionals, lack of investment in IT infrastructure and shortage of FDI flows in Indian hospitals.
The next section provides a study on the role of government that is taking measures to raise the number of hospitals both public and private and also providing financial incentives to the private players to encourage them to establish more and more hospitals.
The next section provides the Trends that are developing in the hospital market among which are growth in Secondary Care Hospitals, growing interest of foreign hospitals to start business in India, public private partnership projects, funding from private equity firms, increase in operation of mobile hospitals, domestic hospitals offshore expansion along with telemedicine and health city emergence in hospital market.
The competition section gives overview of hospitals in the country that have grown over time segmented on the basis of region. It is then followed by some hospitals that have or will soon commence operation in 2012-13. Thereafter, the report highlights the features of the major players operating in the market. It includes an elaborate profile of the major domestic players in the market along with their financial analysis. Porters Five Forces Analysis has been incorporated for a brief but effective understanding of the market scenario.
The strategic recommendations section focuses on some effective strategic decisions which can be taken up by companies to increase their market shares.
Business of disasters - Kapil Khandelwal - www.kapilkhandelwal.comKapil Khandelwal (KK)
my monthly column on Disaster Management. Business can sustain on disasters rather than let politician do what they can in disasters. #Uttarakhand
Kapil Khandelwal
QuoteUnquote with KK
www.kapilkhandelwal.com
The healthcare industry in India is growing rapidly and is expected to reach $280 billion by 2020. Key factors driving this growth include a strong economy, increasing healthcare financing options, a large demand from India's growing and aging population, and increased opportunities in healthcare delivery. Emerging trends include a rise in chronic diseases due to an aging population, empowered and informed consumers demanding more options, and the use of mobile health technologies to improve access. There are also excellent career opportunities in healthcare given the continued high demand for healthcare professionals.
Fortis Hospitals is one of the largest private healthcare companies in India with a network of 28 hospitals and about 3,300 beds. It aims to grow aggressively to have 40 hospitals and 6,000 beds across India by 2012. The healthcare industry in India is dominated by private sectors due to lower public expenditure and a growing and aging population. India also offers highly cost competitive medical treatment and is emerging as a hub for medical tourism, providing huge opportunities for growth in the private healthcare sector. However, the industry remains slow in adopting information technology and faces threats from increasing healthcare options in other countries like China.
The document provides an overview of the healthcare industry in India. It discusses various aspects of the industry including emerging diseases, infrastructure issues, the growth of the health insurance market, medical tourism, Ayurveda, surgical equipment, pharmaceuticals, and the top pharmaceutical companies. It also includes survey results on perceptions of healthcare infrastructure and recommendations to improve the industry.
The Indian healthcare sector contributes 4% to GDP and is expected to grow at a CAGR of 15% to reach US $160 billion by FY17. It is comprised of hospitals, pharmaceuticals, medical equipment and supplies, medical insurance, and diagnostics. Growth is driven by factors like a fast growing population experiencing more lifestyle diseases, improvements in infrastructure and medical insurance penetration, and increasing medical tourism due to quality care at lower costs than other countries. However, challenges include an inadequate healthcare workforce and the capital intensive nature of the sector.
The healthcare sector in India is large and growing rapidly due to population growth, a rising middle class, and an increase in chronic diseases. However, India faces major challenges in healthcare including inadequate infrastructure, a lack of access for many citizens, and a lack of health insurance coverage for most of the population. The government is taking steps to improve rural healthcare but a significant healthcare divide still exists between urban and rural areas.
This document provides an overview of the healthcare industry in India. It discusses various aspects of the industry including emerging diseases, infrastructure issues, the growth of telemedicine and health insurance, the nutraceuticals and medical tourism markets, ayurveda, surgical equipment, and the pharmaceutical industry. The pharmaceutical industry in India is one of the largest by volume globally but is still dominated by foreign companies operating through Indian subsidiaries. The industry has grown significantly since patents for drugs and formulations expired in the 1970s.
This document discusses healthcare in India and proposes ways to make it more affordable and accessible. It notes that healthcare costs are rising and most people rely on private healthcare, while public healthcare is underfunded and understaffed. It analyzes issues like disease burdens, the growth of private sector, health insurance schemes, use of generics, and medical tourism. It recommends increasing public spending on healthcare to at least 5% of GDP, improving infrastructure, enhancing the health workforce, and promoting primary healthcare to achieve universal coverage in an equitable manner.
The document summarizes opportunities for India in exporting health services. It notes that India has a large skilled English-speaking workforce at a lower cost compared to Western countries. Various health services that can be outsourced to India include medical transcription, claims processing, teleradiology and clinical trials. India also has the potential to become a major medical tourism destination due to world-class healthcare and facilities at a lower cost. Quality control accreditation is important to ensure high standards for patients seeking healthcare in India.
India's growing population, rising incomes, and preference for private healthcare is driving growth in the healthcare sector. Non-communicable diseases are also increasing, requiring more advanced care facilities. India has many healthcare professionals and a large capacity for treating patients at a low cost compared to other countries. However, further investment is still needed to achieve targets for healthcare access, as India aims to expand coverage and improve health standards across the country through public and private sector efforts.
The healthcare sector in India was valued at US$79 billion in 2012 and is expected to reach US$160 billion by 2017, growing at 15% annually. It accounts for 71% of total healthcare revenues and is one of India's largest employment sectors. Key drivers of growth include a growing middle class with rising incomes, increased lifestyle diseases, greater health awareness and insurance penetration. However, challenges remain around increasing access to insurance, controlling costs, and addressing shortages of qualified medical professionals concentrated in urban areas. The government is taking steps to encourage private sector investment and increase rural healthcare infrastructure to help overcome these challenges and further develop this important and growing sector.
Future Watch Report - India 2017, part II: Accessible and precision healthcar...Team Finland Future Watch
Future Watch - Signals from India –series opens up seven identified key trends that affect the future of India in various levels. The signals are driving a change in society, culture and economy and, at the same time, opening new opportunities for businesses. The second part of the signal series is #Accessible and precision healthcare for all, new innovations.
Following key trends to be published soon in Signals from India –series:
#Work for All: and required skills
#Accessible and precision heath care for all, new innovations
#Women empowerment, growing role of women
#Elected dictatorship - win or lose for the country
#Environment - access to drinking water
#Ethics of AI
#Change in family fabric – social isolation, insecure individuals
This document summarizes the healthcare industries in India. It discusses leading companies in the sector like Apollo Hospitals, Aravind Eye Hospitals, and Fortis Healthcare. The healthcare market in India is worth around $100 billion currently and is expected to reach $280 billion by 2020. The industries first established in 1984 and have grown significantly since then. The growth of healthcare industries has improved medical facilities, increased employment opportunities, and raised GDP in India.
healthcareworkforceindia sabu this is a useful document for healthcaredeepak162
The document discusses the healthcare workforce challenges in India. It notes that India faces a shortage of 7.4 million skilled healthcare workers to provide adequate coverage. Some key workforce shortages include a need for over 2 million doctors by 2030, a shortage of 2.5 million nurses, and a supply/demand gap of 6.5 million allied health workers. The success of India's goal of universal health coverage by 2022 and programs like the National Health Protection Mission will depend on having an adequately trained healthcare workforce. However, India currently lacks reliable national data on the availability and qualifications of healthcare professionals across different fields.
The document provides an overview of key trends in the Indian healthcare sector:
- Telemedicine is emerging rapidly, with major hospitals adopting services and public-private partnerships. The telemedicine market is expected to grow at 20% annually to $32 million by 2020.
- The sector is expanding to tier 2 and 3 cities. Private players are setting up hospitals in these areas with tax benefits from the government.
- Lifestyle diseases have replaced traditional health problems as 50% of in-patient spending is for issues like high cholesterol and obesity due to urbanization and modern lifestyles.
- Management contracts and home healthcare are growing segments as players look for new revenue streams and customers seek affordable care. Health insurance
Fortis Healthcare Ltd is one of India's largest private healthcare companies with a network of 28 hospitals and 3300 beds. It provides cardiac, orthopedic, neuroscience, oncology, and maternal care. The company aims to grow aggressively with 6000 beds in 40 hospitals by 2012. India's healthcare industry is poised to grow tremendously due to lower public spending pushing people to private providers, encouraging public-private partnerships, and medical tourism. The industry faces opportunities from a growing and aging population, rising incomes, and medical tourism but threats from slow IT adoption and competition from other countries like China.
This document is a project report on the health care industry in India submitted by Yogesh Harishchandra Kadu for his master's degree. It provides an overview of the size and growth of the Indian health care market, key government initiatives to promote the industry, and investment trends. The health care sector is growing rapidly due to increased coverage and spending by both public and private players. The future of the industry is bright with the market expected to reach $280 billion by 2020 and $372 billion by 2022. Rural India is seen as an emerging demand source as health care spending as a percentage of GDP rises.
INFRASTRUCTURE Part 2 and 3 SUNIL PANDA TERM 2_f1401e89-c183-4bd2-99d8-0c69f0...SudhanshuPandey969519
The document discusses India's health infrastructure. It begins by defining health and outlining important factors for good health. It then discusses the components of health infrastructure, including hospitals, doctors, nurses, and the pharmaceutical industry. It notes that while infrastructure is important, access is also key. The document outlines India's development of health infrastructure since independence, including expanding basic services and controlling diseases. It also discusses the private health sector's growing role and rural-urban divides. The three-tier system of primary, secondary, and tertiary healthcare is explained. Traditional Indian systems of medicine are also summarized.
Rising healthcare costs in India are pushing many below the poverty line and placing a large financial burden on families. Healthcare costs have increased significantly in recent years due to a rising disease burden from both communicable and non-communicable diseases. However, India still only spends about 1.5% of its budget on public health compared to over 18% in the US. While health insurance can help cover costs, most Indians still pay healthcare expenses out-of-pocket due to low insurance coverage. Both government initiatives and increased health insurance coverage will be needed to address India's high and rising healthcare costs.
Indian healthcare sector is expected to grow threefold to reach $372 billion by 2022. Rising incomes, growing health awareness, and increasing access to insurance are driving growth of the sector. The sector employs over 319,000 people and is expected to generate 40 million jobs by 2020. Telemedicine is emerging as a key trend, with major hospitals adopting telemedicine services to bridge rural-urban healthcare divides. The sector is also expanding to tier 2 and 3 cities. Lifestyle diseases have replaced traditional health problems as the major cause of healthcare spending in India.
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Hitesh Mendha poly medicure jan2009 picks
1. MOST PROMISING SECTOR IN INDIA
HEALTHCARE
HITESH MENDHA
LONG TERM INVESTMENT
PREPARED BY HITESH MENDHA, PUNE
2. Health is ascribed to be a dynamic
equilibrium, out come of which is
determined by a wide variety of
biological,socio,cultural,economic,
political, physical, psychological and
environmental factors.
In a nation like India, where there is no
formal social security system in place,
notwithstanding the high tax rates,
healthcare and health insurance become
that much more crucial.
The sector offers immense potential to
healthcare players as the country
witnesses a rise in the incidence of
lifestyle-related and other diseases.
A growing elderly population and rise in
income levels are also pushing for better
facilities in the country.
One of the fastest growing and most
potent sectors in India is the healthcare
sector.
PREPARED BY HITESH MENDHA, PUNE
3. Financial Resources in the Healthcare Industry
Healthcare is one of India’s largest sectors, in
terms of revenue and employment, and the sector
is expanding rapidly .
Today the total value of the sector is more than
$36 billion. This translates to $36 per capita, or
roughly 6% of GDP and is expected to grow to
contributing 8% of India's GDP by 2012.
The Healthcare industry in India is estimated to
achieve a market size of $ 77 billion by 2012, and
US$ 150 billion by 2017, this translates into an
investment opportunity of over $30 billion by 2012.
The Government contributes 20% to the total
healthcare expenditure in India, the remaining
80% comes from the private sector
Driven by strong local demand, Indian
Figure 1: Healthcare spending as part of GDP
healthcare market is expected to continue growing (Source: The Economist)
close to previously projected rates of 15 per cent.
India has one of the highest private spending in
healthcare as compared to other countries (Fig. 1)
PREPARED BY HITESH MENDHA, PUNE
4. Financial Resources in the Healthcare Industry
With average household consumption expected to increase by more than seven per cent
per annum, the annual healthcare expenditure is projected to grow at 10 per cent and also
the number of insured is likely to jump from 100 million to 220 million, golden days for
healthcare sector is ahead.
India's healthcare industry registered 42.44 per cent growth in net profit during April-June
2009, according to the Associated Chambers of Commerce and Industry (ASSOCHAM).
In the healthcare sector, the leading 10 companies posted a growth of 23.94 per cent in
total income and 21.37 per cent in total expenditure during the quarter.
Government and public
employers
Private providers
(individual, charitable
and for-profit)
PREPARED BY HITESH MENDHA, PUNE
6. Indian Healthcare
THE HEALTHCARE DELIVERY SECTOR PLAYS AN
IMPORTANT ROLE IN THE ECONOMY TODAY
Sector Direct employment Revenues/GDP
Healthcare
Education
Healthcare is the
Retail banking largest service
industry in terms
Power of revenues and
the second
largest after
Railways
education in
terms of
Telecom employment
Hotels, restaurants
IT
By 2012, the sector could account for 7 to 8 per cent of GDP and provide
direct and indirect employment of 9 million
PREPARED BY HITESH MENDHA, PUNE
8. Indian Healthcare capability
Over 60,000 cardiac surgeries done per year
with out comes at par with international standards.
Multi organ transplants like Renal, Liver, Heart,
Bone Marrow Transplants, are successfully
performed at one tenth the cost.
Patients from over 55 countries treated at Indian
Hospitals.
India has become a hot medical destination for
patients in the Middle East, Africa and even the
West.
Word is fast-spreading that Indian hospitals can
provide world-class care at competitive rates.
India today has big names in healthcare like the
All India Institute of Medical Sciences (AIIMS),
Apollo Hospitals and Shankara Netralaya
9. Growing population and economy
One driver of growth in the healthcare sector is
India’s booming population, currently 1.1 billion
and increasing at a 2% annual rate.
By 2030, India is expected to surpass China as
the world’s most populous nation. By 2050, the
population is projected to reach 1.6 billion.
By 2025, an estimated 189 million Indians will be
at least 60 years of age—triple the number in
2004.
Goldman Sachs predicts that the Indian
economy will expand by at least 5% annually for
the next 45 years (see chart)
To meet this growing demand, the country needs US$ 50 billion annually for the next 20 years,
says a Confederation of Indian Industry (CII) study.
India needs to add 3.1 million beds by 2018 to the existing 1.1 million, and requires immediate
investments of US$ 82 billion, as per the Technopak Advisors report.
PREPARED BY HITESH MENDHA, PUNE
10. Medical Tourism
In 2007, India treated 450,000 foreign patients
ranking it second in medical tourism.
According to a study by McKinsey and the CII,
medical tourism in India could become a US$ 2
billion industry by 2012 (from US$ 350 million in
2006). Credit Suisse estimates medical tourism to
be growing at between 25-30 per cent annually.
The key selling points of the medical tourism
industry are its cost effectiveness and its
combination with the attractions of tourism.
Treatment cost is lowest in India – 20 per cent of
the average cost incurred in the US, Singapore,
Thailand and South Africa.
Besides world-class medical facilities, India is
also trying to promote its traditional medicine such
as ayurveda.
PREPARED BY HITESH MENDHA, PUNE
11. Medical Tourism
Indian Systems Of Medicine “ Staging a Comeback”
In Ayurveda recognized as an official healthcare system in
Hungary.
Doctors in the west are increasingly prescribing Indian Systems
of Medicine
More than 70% of the American population prefer a natural
approach to health
Americans are said to spend around $25bn on non-
traditional medical therapies and products *
India’s Gift to the World
Ayurveda
Yoga
Siddha
PREPARED BY HITESH MENDHA, PUNE
12. Rise in disease
Another factor driving the growth of India’s healthcare sector is a rise
in both infectious and chronic degenerative diseases, like swine –flue
(H1N1) recently.
India faces high burden of disease because of lack of environmental
sanitation and safe drinking water, under-nutrition, poor living
conditions, and limited access to preventive and curative health
services
Lack of education, gender inequality and explosive growth of
population contribute to increasing burden of disease.
Full impact of the HIV epidemic and tobacco related diseases is yet
to be felt
Indians account for one-third of the world’s patients suffering from
diarrhoea, TB, respiratory infections, parasitic infestations and prenatal
conditions, and a quarter of patients with maternal conditions, a fifth of
nutritional deficiencies, diabetes, and the second largest number of
HIVAIDS cases, which alone stand at 5.19 million.
PREPARED BY HITESH MENDHA, PUNE
13. Expanding Middle Class
India’s thriving economy is driving urbanization and creating an expanding middle class, with
more disposable income to spend on healthcare.
More women are entering the workforce as well, further boosting the purchasing power of
Indian households, Many of these women are highly educated: the ratio of women to men who
have a college degree or higher level of education is 40:60.
If the economy continues to grow faster than the economies of the developed world, and the
literacy rate keeps rising, much of western and southern India will be middle class by 2020.
The increasing size and spending power of this group is driving growth opportunities for
corporate healthcare providers.
This has to be read with the fact that India's urban middle class is expected to swell more
than ten times to 500 million by 2025. The government can meet only 15% of this demand.
PREPARED BY HITESH MENDHA, PUNE
14. Deteriorating Infrastructure
The physical infrastructure is woefully inadequate to meet today’s healthcare demands,
much less tomorrows.
While India has several centers of excellence in healthcare delivery, these facilities are
limited in their ability to drive healthcare standards because of the poor condition of the
infrastructure in the vast majority of the country.
The number of public health facilities also is inadequate. For instance, India needs
74,150 community health centers per million populations but has less than half that
number.
At least 11 Indian states do not have laboratories for testing drugs, and more than half
of existing laboratories are not properly equipped or staffed.
The demand for quality healthcare infrastructure and services in India far
exceeds the supply.
PREPARED BY HITESH MENDHA, PUNE
15. Rapid Growth in Health Insurance
Currently only 10 per cent of the Indian population has health insurance, which means that
there is tremendous scope for growth in this area.
The Indian health insurance business is growing at 50 per cent. The sector is projected to
grow to US$ 5.75 billion by 2010, according to a study by the PHD Chamber of Commerce
and Industry.
An increase in health insurance coverage (at present, out-of-pocket expenses account for
90 per cent of the total spend; just 10 per cent is through insurance) is expected to lead to
more hospitals coming up.
The comprehensive health insurance programmes currently on offer will mandate
accreditation of non-hospital players.
International insurance companies are being permitted to enter India under joint venture
agreements with local companies
Private insurance will drive the healthcare revenues.
PREPARED BY HITESH MENDHA, PUNE
16. 2012 – Demand Opportunity Overview
Demand Opportunity
Addition of 750,000 extra beds Tertiary Healthcare
facilities
500,000 more Doctors & Medical Education &
1 million more qualified Nurses Nursing Schools
Infrastructure Additional investment of $
25 – 30 billion required
Government & International Balance investment to
Agencies only geared for up to come from private sector
US $ 7 billion
PREPARED BY HITESH MENDHA, PUNE
17. Recent Development
Reduction of customs tariffs on life saving medical equipment and critical drugs.
Depreciation rates for medical equipment under the Income tax law have been increased.
Lowest interest on lending for private sector hospitals exceeding 100 beds will improve
access to low cost funding for hospitals.
Health insurance schemes for the poor. But the biggest leap has been the community-
based universal health insurance scheme for the poor whereby a cover of Rs 30,000 is
available for as low as Rs 2 per day with the Government contributing Rs 100 per annum for
families below the poverty line.
Reduction of excise on certain critical drugs and abolition of duty on drugs and materials
imported for clinical trials.
The entry of big pharmaceutical companies into this segment is a clear sign of corporate
focus on this sector.
In case of medical tourism patients not only come to India from Asian countries but also
from countries like UK where the waiting period for any surgery sometimes is several
months.
PREPARED BY HITESH MENDHA, PUNE
18. What is driving the sector ?
The increase in expenditure by government towards
enhancement of medical facilities is a big plus, as is
the involvement of large corporate houses.
The reduction in customs and excise duties on
various items is proving to be of great help to the
sector resulting in the formation of the healthy
competition.
Constant research and development have led to the
discovery of new and better life saving drugs while the
development of infrastructure and various incentives
provided by the government is proving to be a great
booster.
The government has also come up with various
insurance schemes, which could help the sector and
this is aided by the formation of various institutes,
which have given the country the best of the doctors.
PREPARED BY HITESH MENDHA, PUNE
19. Where are the roadblocks?
One of the biggest roadblocks is the fact
that the cost of many of the required
equipments in this segment is too high.
Resultantly, small healthcare centres cannot
afford them and lag behind.
Many people are unable to enjoy the
benefits of the new and advanced
technology, as the cost of treatment by these
advanced equipments is very high which is
often not affordable.
There are many dealers in the market who
dupe people by selling them outdated
medicines. However, the government is using
legislation to place serious curbs on this
malpractice.
PREPARED BY HITESH MENDHA, PUNE
20. Investments in Healthcare
The sector has been attracting huge investments from domestic players as well as financial
investors and private equity (PE) firms.
Funds such as ICICI Ventures, IFC, Ashmore and Apax Partners invested about US$ 450
million in the first six months of 2008-09 compared with US$ 125 million in the same period a
year ago.
PE funds to invest at least US$ 1 billion in the healthcare sector in the next five years.
In February 2009, India Venture invested almost US$ 18 million in Tamil Nadu-based Kavery
Medical while in June IFC invested US$ 30 million in Max India.
Piramal Life Sciences, the research and development (R&D) arm of Piramal Group is
investing US$ 41.17 million in the next two years’ period to discover and develop new chemical
entities and novel drug delivery systems.
The Hinduja Group will invest up to US$ 72 million in increasing capacity of its hospital in
Mumbai by 350 beds in the next four years through expansion of existing facility and setting up
of a new unit.
The government, along with participation from the private sector, is planning to invest US$ 1
billion to US$ 2 billion in an effort to make India one of the top five global pharmaceutical
innovation hubs by 2020.
PREPARED BY HITESH MENDHA, PUNE
21. Areas of Opportunity
Medical infrastructure forms the largest portion of the healthcare pie. Beds in excess
of one million need to be added to reach a ratio of 1.85 per thousand at an investment of
US$ 77.9 billion.
The medical equipment industry is growing at 15 per cent per year. It is estimated to
reach US$ 4.97 billion by 2012.
The medical textiles industry is projected to double to reach US$ 753 million by 2012.
Clinical trials have the potential to become a US$ 1 billion industry by 2010 and the
health services outsourcing sector has the potential to grow to US$ 7.4 billion by 2012,
from US$ 3.7 billion in 2006.
Rejuvenation services such as spas, alternative therapies, ayurveda treatments and
beauty services are expected to grow by as much as 30 per cent
PREPARED BY HITESH MENDHA, PUNE
22. Indian Healthcare
INDIA OFFERS HUGE POTENTIAL FOR INVESTMENTS IN
HEALTHCARE OVER THE NEXT 10 YEARS
Investment requirements in India (Estimates)
US $ in Billion Next 10 years
Healthcare 22-31
Investment needs
of the healthcare
Power** 95-126 sector are
comparable to
other infrastructure
sectors
Telecom**
40-51
Roads** 24-33
23. Indian Healthcare
HUGE GROWTH POTENTIAL – TO GROW BETWEEN
US $ 43 – US $ 77 BILLION IN 2012
60.0
US $ IN BILLION
ESTIMATE
51.0 17.0
43 8.0
8.0
36 43.0
Government 43.0
spending
7 35.0
Private
spending
29
2010 2012 2012 2012
Scenario 1: Scenario 2: Scenario 3:
Baseline Baseline Baseline with
increase in with insurance and
private spend insurance in high
middle class government
spending
Key Government
Spending 1% GDP 1% GDP 2% GDP
Assumption
* With 6% GDP real growth per year
PREPARED BY HITESH MENDHA, PUNE
24. Government Initiative
The Government launched the National Rural Health Mission (NRHM) in 2005. It aims to
provide quality healthcare for all and increase the expenditure on healthcare from 0.9
per cent of GDP to 2-3 per cent of GDP by 2012.
During the 2009 interim budget, the government allocated US$ 2.42 billion for NRHM.
The Tamil Nadu government has allocated US$ 698.16 million for health and family care for
the year 2009-10, up from US$ 564.34 million a year ago. The increased budget includes
creating a mega blood bank—Asia’s largest—in Chennai and upgrading several hospitals,
besides launching a new insurance scheme.
The government has announced a US$ 63.2 million initiative to promote domestic
manufacture of medical devices such as stents, catheters, heart valves and orthopaedic
implants that will lead to lower prices of these critical equipment.
PREPARED BY HITESH MENDHA, PUNE
26. Prominent Health care companies in India
Apollo Hospitals: Apollo Hospitals group owns and manages 41 hospitals in and
around India, becoming the largest healthcare provider in Asia.
Cipla Ltd. -: Cipla founded as The Chemical, Industrial & Pharmaceutical
Laboratories is a major Indian pharmaceutical company, best-known for
manufacturing economical anti-AIDS drugs.
Ranbaxy Laboratories Ltd. -: Ranbaxy Laboratories Limited, headquartered in
India, is an integrated, research based, international pharmaceutical company,
producing a wide range of quality, affordable generic medicines, trusted by
healthcare professionals and patients across geographies.
Dr Reddy's Laboratories Ltd. -: DRL initially began as a supplier to Indian drug
manufacturers, but soon started exporting to other less-regulated markets.
AKAS Medical Technologies, Chennai -: AKAS Medical is an ISO 9001:2000
Certified critical care equipment manufacturing company.
PREPARED BY HITESH MENDHA, PUNE
27. Prominent Health care companies in India
Electronic Engineering Corporation, Chennai -: Electronic Engineering
Corporation, manufacturers and exporters of a wide range of bio-medical electronic
instruments and scientific pumps.
Abi Herbal Products, Erode District -: Producing home made 100% herbal
cosmetics.
M. S. S. Asan Exports -: Exporter of wide range of medicinal herbs, herbal
products, edible oil and organic fertilizer.
Poly Medicure Ltd.-: Poly Medicure today counts amongst world’s leading
medical disposables manufacturer with a core focus on R&D and innovation.
PREPARED BY HITESH MENDHA, PUNE
29. POLYMED- Leading the future
POLYMED was conceived and established by a
group of engineers and technocrats dedicated to
the idea of providing the benefits of modern
healthcare to the mankind at affordable price.
This unique philosophy has been the driving
force behind the company since its inception in
1995.
Today it has grown into one of the most
dynamically versatile manufacturers of disposable
healthcare products in the region with over 60
different products.
POLYMED has successfully implemented a well documented QMS (Quality
Management System) which has been accredited by SGS Yarsley International
Certification Services, United Kingdom with ISO 9001:2000, ISO-13485:2003 and CE
mark from DNV, Norway thus making the entire product range compliant with
International Quality Standards.
POLYMED’s some specialist products are also US FDA 510k approved.
PREPARED BY HITESH MENDHA, PUNE
30. POLYMED- Leading the future
Modern Production Facilities & Processes
POLYMED manufactures its products using state
of the art technology in ultra modern facilities
covering over 300,000 square feet of manufacturing
floor space with about 50,000 square feet of clean
rooms of class 100,000 to class 1,000.
A tool room with modern facilities & CNC
machines supports the manufacturing processes. A
high degree of automation and an effective process
control helps in delivering consistent product quality.
Innovation & continuous improvement
POLYMED has a fully staffed and highly equipped
R & D section to design and develop new and
innovative products.
PREPARED BY HITESH MENDHA, PUNE
31. Investment Rationale
Established in 1995, Poly Medicure today counts amongst world’s leading medical
disposables manufacturer with a core focus on R&D and innovation.
Research efforts put-in by the company in last several years has led to it filing more
than 70 patents out of which it has already got 10 in its kitty with 2 being in world’s
largest medical disposables market viz., USA.
Polymed has state-of-the-art manufacturing plants in Haridwar, Jaipur & Faridabad in
India and one in China and one joint venture in Egypt.
It exports nearly 34 % of its products to Europe while Indian market contributes 25 % to
Polymed’s sales. It exports its products to 50 countries currently with Europe being the
major market at present.
PREPARED BY HITESH MENDHA, PUNE
32. Business at its Inflexion Point
The efforts Polymed has put-in since last several years and the aggressive approach
Polymed’s management is now pursuing promises the start of golden phase for Polymed
starting from current FY10.
Research efforts put-in by the company in last several years has led to it filing more
than 70 patents out of which it has already got 10 in its kitty with 2 being in world’s
largest medical disposables market viz., USA.
The efforts which I am talking is the R&D efforts because of which Polymed has, since
last 4 years, constantly launched 10 new innovative products every year and has filed for
more than 70 patents out of which 10 it has already got with 2 being in USA.
The main fruit of these efforts has come in the form of USFDA approval in June 2009
for launch of five of Polymed’s products in US market which happens to be the largest
and most fruitful market for medical disposables manufacturers.
Out of these five products, which have got approval, two products are the one, which
had got the patent in USA. Hence, launch of these two products will mean healthy
margin for Polymed.
PREPARED BY HITESH MENDHA, PUNE
33. Financials
Some important financial to look at: -
Equity Capital – 5.50 cr
Promoter Holding – 49%
FY09 Revenue - 112.22 cr.
FY09 Operating Profit – 10.79 cr.
FY09 Net profit – 5.92 cr.
FY09 EPS – 10.76 cr.
FY10 1st Half Revenue – 62.49 cr.
FY10 1st Half Operating Profit – 8.55 cr.
FY10 1st Half Net profit – 6.32 cr
FY10 1st Half EPS – 11.49
FY10 Annualized EPS – 22.98
PREPARED BY HITESH MENDHA, PUNE
34. Financials
By Conservative estimates, Polymed is likely to post a top line of Rs. 132 cr. and a
bottomline of 11.5 cr. for FY10, which translates into FY10 EPS of Rs.20.90. In my FY10
estimates, I have included only March2010 qrtr. sales of products to be launched in USA.
For FY11, Polymed is expected to post a topline of 186 cr. with bottomline expected to
zoom to Rs. 20.40 cr., which will translate, into FY11 EPS of Rs. 37.
. These are only conservative estimates as from 3 out of 5 USFDA approved products viz.,
IV Catheter, Safety Scalp Vein Set and Safety Infusion Set, Polymed expects to rake in Rs.
50 cr. sales every year.
The potential of Polymed’s major product viz., IV Catheter can be judged from the fact that
B. Braun AG is going all out to restrict Polymed from selling this product because it has the
potential to significantly affect B. Braun’s own product sales as Polymed’s IV Catheter is far
more superior and competitive in pricing than B. Braun’s.
B. Braun first tried to restrain Polymed in India but it failed to do so as Indian court gave a
clean chit to Polymed. Hence, B. Braun did it in its own tertiary by restraining Polymed in
December 2009 from marketing its IV Catheter in Germany. This retrainment is expected to
affect only Germany sales of Polymed and is not expected to have any major impact on its
sales in US and other countries.
PREPARED BY HITESH MENDHA, PUNE
35. CONCLUSION
In current market which is at a twenty two month high, an investor needs to look at two
angles – First, not to lose the opportunity of multiplying the money by remaining in cash
and missing the rally & Second, not to invest in those stories which seem fully priced at
the moment and so have the potential to correct significantly if a correction sets in.
Hence, if I look at both the angles then Poly Medicure seems to be the safest bet.
Poly Medicure is a decent medium to long-term bet if we consider its business, its
financials and recent development.
It is operating in a segment which is recession- proof.
Recent developments like USFDA approval, opening of sales offices, focus on
domestic as well as international makets, etc. all give safety to future financial growth of
the company the verge of reaping rewards of past efforts.
Valuations are very cheap as Polymed’s closest Indian peer (not strictly- as no other
listed company is into medical disposables) Opto Circuits is quoting at a 17+ PE while
Polymed is available at a PE of 6.9 based of FY10 EPS estimates and at a PE of just 3.9
based on FY11 conservative estimates. This valuation is pretty cheap in current market
scenario, which calls for a significant rerating of Poly Medicure soon.
PREPARED BY HITESH MENDHA, PUNE