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Indian Healthcare Industry

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Indian Healthcare Industry

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Indian Healthcare Industry

  1. 1. Healthcare, which is projected to be a 307 USD Bn market by 2025, is ripe for disruption Market size of healthcare industry in India (USD Bn)200 174 150 99 12% 88100 79686052 50 0 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 20P Market breakup by revenues (%) Hospitals 18% Pharmaceuticals 5% 7% Medical Equipment and Supplies Diagnostics 2014 51% 19% Government expenditure Healthcare growth drivers in India ▪ Growth in Awareness and Acceptability – Rapid urbanization – Consumerism ▪ Growth in Affordability – Rising incomes – Insurance coverage ▪ Growth in Access – Private capital – PE and VC money – Innovations ▪ Growth in Demand – Chronic diseases – Rising population Evolution of healthcare spend in India (EUR billion)1 60 41 20 84 2020E 190-200 2015E 80-90 20102006-07200119961991 14% ~14% SOURCE: BMI; WHO; Press search Healthcare spend in India has grown at 14% over last 20 years and is projected to become EUR ~200 bn by 2020
  2. 2. The issue Challenges around access, affordability and quality of healthcare contributes to low life expectancy Per 1,000 people: 2016 68 years Average life expectancy 0.65 doctors 1.3 nurses 1.3 hospital beds Desired outcome Improved health outcomes with easier access to quality healthcare infrastructure 2034 80 years 2.5 5.0 3.5 doctors nurses beds Achieving outcome by traditional means Building more traditional hospitals Investment in medical education Addition of 3 million doctors Addition of 6 million nurses Additional 3.5 million hospital beds required to achieve desired outcomes SUPPLY & DEMAND Indian healthcare industry's demand for workforce to double to 7.4 million in 2022
  3. 3. Paradigm Shift Cost Accessibility Quality Current Model Illness Symptom-based Diagnosis Treatment Recover or Revisit Chasing Disease
  4. 4. Accessibility Genetic Predisposition Monitoring and Prevention Cost Quality Stratified Population Diagnose Treatment Selection Treatment Treatment Monitoring Predict, monitor & prevent Future Model
  5. 5. Technology Trends – Indian Healthcare Access Cost Quality Digital health for the masses: Remote monitoring and m-Health Low-cost products & services (Make in India) Healthcare Information Technology (IT-enabled) India-focused R&D (Invent in India Non-Communicable diseases Communicable disease Mother & Child
  6. 6. Enhanced Connectivity & Digital Solutions 0 10 20 30 40 50 60 70 80 90 100 Mobile Smartphone Internet 69 2 12 79 29 33 Penetration of digital resources in India Awareness Diagnosis Treatment Follow-up Telemedicine • Tele-consultations • Doctor on call • Tele-radiology centers • E-ICUs Remote patient monitoring • Self-testing and basic treatment at home • Tracking and monitoring of health-related data Lifestyle management • Education tools • Reminders for diet and medication • Mobile systems to track compliance • Wearable technology 2 0 1 2 2 0 1 7 %
  7. 7. Computer Literacy – Teaching & Training Simulated labs for basic training • Enable low-cost training, assessment in simulated labs Online continuing medical education • Increase CME Compliance for doctors through online platforms Virtual training and distance learning courses • Complement existing medical infrastructure with distance learning for medical education • Des Moines University, US • Standardized performance assessment laboratory with simulated patients • In India, Health Varsity is the first online portal • In the US, Medscape provides CME across 35 specialty areas • Apollo Initiated virtual education in India, through Medvarsity • 25 courses and 2,500 registered medical students. Possible benefit from application Examples
  8. 8. Standardization of Healthcare Data - NEHA
  9. 9. Government Host – National EMR
  10. 10. National Healthcare Registries National Registry for Stroke - 2013National Cancer Registry - 1982
  11. 11. Data Analytics – Big Data
  12. 12. START-UP ENVIRONMENT NETWORK Ecosystem Corporate Incubators & Accelerators Market Access Partners
  13. 13. A Young India can take care of greying world! Startups Incubators Accelerators Enterprise Academia Government Capital Network Home care Remote Health mHealth Point of Care Diagnostic s Wellness Preventive Health Fall Detection/E mergency Compliance ~ 1000 million elderly population 110 Startups
  14. 14. Healthcare Information Infrastructure Hospitals Clinics Pharmacies Medical Education & Training Firewall Application Servers Data Warehousing / Mining Insurance Hospitals Hospitals Hospitals Hospitals Internet Hospitals Hospitals ISP Cloud “MINDSET” Standards Legislation Technology Protocol
  15. 15. Pull from the future Health Portal Reaching Rural India Mobile Medical Unit Tele Advice HIT Convergence Standards Telemedicine Network
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