People in India are very much aware of their health as there are many diseases occurring everyday which leads to death. So, People are very much worried about their health and in consuming foods too. People only eat healthy foods to keep their health in a good condition.
Increasing health awareness and protective treatments combined with enriched diagnostics will result in decreasing hospitalization. The view for Indian healthcare industry looks positive due to high growth rate in almost all its sectors.
Healthcare has become one of India's largest sectors both in terms of income and work. The industry comprising of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment which is increasing at a great pace due to its consolidation treatment, services and increasing expenditure by public as well private companies.
Also, the business is estimated to remain its fast expansion with an estimated market value of $280 billion by 2020 by increased population growth in India's low income groups has caused in a lack of reasonable and easily accessible quality healthcare for millions of people.
Indian healthcare distribution system is considered by two major modules public and private. Public healthcare system includes partial, secondary and tertiary care organizations in key cities and focuses on providing basic healthcare facilities in the form of Primary Healthcare Centers (PHCs) in rural areas.
Huge investments by private sector companies are possible to donate significantly to the development of India's hospital industry and the sector is composed to grow to $100 billion by the year 2016 and further to $280 billion by 2020.
The outlook for Indian healthcare industry looks positive due to high growth rate in almost all its segments, whether its primary healthcare, secondary and tertiary healthcare, medical equipment, diagnostics, health insurance or medical tourism. Increasing population, increasing government expenses on health and growing per capita income will increase the size of this industry in the years to come.
Growing incomes mean a balanced growth in the ability to access healthcare and associated services. Also, changing demographics will also donate to larger healthcare spending. This is expected to continue with the size of the old population set to rise from the current 96 million to about 168 million by 2026.
Though, Increasing health awareness and protective treatments tied with developed diagnostics will result in decreasing hospitalization.