15 / 40
15
• Health Insurance is another potential area for investment
• A growing middle class and changing demography
posits a great opportunity in non-essential services like
cosmetic surgery and wellness
• Technology and Medical equipment manufacture is
another lucrative area for investment since it can help
counter the uncertainties from international market and
has higher potential for sustenance
Challenge of expanding access to healthcare
• Another opportunity for innovation lies in the increased
distribution of health care through telemedicine, a
process that enables doctors to monitor and diagnose
patients remotely. With 72 percent of Indian specialist
physicians living in urban areas, and 700 million
Indians living in rural areas that lack such specialists,
telemedicine has quickly become a US $500 million
market – and growing.
• Several major hospital networks across India already have
telemedicine programs, including Apollo, AIIMS, and
Aravind Hospitals. The sector’s growth is being driven by
technological advances and increased pressure on health
care resources due to a growing population. But though
India has already established recommended guidelines
and standards for the use of telemedicine, the adoption of
this concept is positively correlated with regional income,
and some rural areas continue to lack the infrastructure to
facilitate data transfer.
• As India’s health care industry continues to evolve, it is
clear that opportunities exist for entrepreneurs, investors
and experts to have a positive impact on people living
in low-income areas. Public/private partnerships will
remain important, and innovations will be needed –
funded by development agencies, incubators, private
investment funds and foundations.
• Accelerators such as Ennovent will continue to move
innovations from concept to scale, working with the
organizations mentioned above and others. Ennovent
envisions a sustainable future for those living in low-
income markets – and true sustainability requires access
to quality, accessible and affordable he alth care
Newer Opportunities
• Two areas critical to a robust and efficient medical care
system are Emergency and Specialist medical care.
• Emergency care is still in a very nascent stage all across
India. With the Medical Council of India accepting
Emergency Medicine as one of the specialty, there are
huge opportunities for personnel in this area especially
Nurses, Paramedics, Technicians, and Emergency
medicine specialized doctors.
Key Players in the Healthcare Segment:
The government’s share in the healthcare delivery market
is 20% while 80% is with the private sector. Private players
have made significant investments in setting up state-of-
the-art private hospitals in cities like Mumbai, New Delhi,
Chennai, and Hyderabad. The following are the major
private healthcare providers in India
Apollo Hospitals:
Apollo Hospitals has emerged as the
single largest private hospital group in South Asia. It
operates hospitals, dispensaries, clinics, and laboratories. It
manages a network of approximately 41 specialty hospitals
and clinics with a bed capacity of over 9,000 across the
country and abroad. It has tied up with insurers like BUPA
(UK), Vanbreda (Belgium) and Mondial (France) It has a joint
venture with Singapore based Parkway Group Healthcare
PTE Ltd.
The Escorts Group:
This has a presence in specialized
cardiac treatment and multi-specialty care hospitals
providing a whole gamut of specialized medical services.
Escorts operate ten hospitals across India. The group is
also reputed for tertiary care services such as neurology,
neurosurgery, plastic surgery, and urology. Escorts Heart
Institute and Research Centre (EHIRC) has a 325-bed tertiary
care institute, with 9 operation theatres, 5 cath labs, 2 heart
command centers and world class facilities. It has carried
out over 80,000 angiographies and 43,000 cardiac surgeries
over the past fifteen years – which is a world record
Fortis Healthcare:
This is a company founded by the
promoters of the Indianpharmaceutical major, Ranbaxy
Laboratories, that started operations in 2001. It has 12
hospitals with more than 1,900 beds.It has operations
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18.00%
16.00%
14.00%
12.00%
10.00%
8.00%
6.00%
4.00%
2.00%
0.00%
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
4.30%
44.70%
45.50%
41.60%
40.40%
26.20%
56.30%
54.50%
58.40%
59.60%
73.00%
8.40%
8.40%
9.70%
4.10%
15.70%
China
Brazil
India
USA
UK
Global
China
Brazil
India
USA
UK
Global
Spending as a % of GDP
Comparison of Healthcare Spend