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Know about the health sector and its role in
Indian economy.
Health Sector
Growth of the Health Sector in India
The health sector in India is on a roll. The purchasing power of the
Indian middle class is rising very rapidly. So they can afford quality
healthcare. It is estimated that by 2012 the health care sector will
rise up to US$40 billion. Today most of the Indians can buy western
medicines and so the heath sector in India is growing rapidly. Due to
its very bright prospects people are also inclined to invest in the
health sector. Today many private healthcare centers are also coming up
and they are also playing an important role in providing medical
facilities to the people. Some of the eminent private health care units
are:
- Global Hospitals in Hyderabad
- Wockhardt Hospitals in Mumbai
- Apollo hospitals.
The booming health care sector in India is also
spurring industries such as healthcare equipment and information
technology in healthcare. Information technology plays an important role
in health care, and according to a report, India has the fastest growing
healthcare IT market in India. The Indian health sector is also
attracting many foreigners to India, to access the healthcare
facilities. The revenue generated by foreigners is expected to touch
nearly US$2.2 billion by 2012.
Achievements of the Health Sector
Following facts makes it clear that the Indian health sector has not
only attained high success rates, but is also credible:
- Indian specialists have performed over 5 lakh complex surgeries
such as cardio-thoracic, neurological and cancer. The success
attained in these surgeries is at par with international standards.
- The success of cardiac bypass in India is 98.7%, higher than that
of the USA.
- The success rate of renal transplants is also 95%.
Government Steps to Promote Health Sector
The government has also taken some positive steps to promote this
sector:
- A new visa namely, "Medical Visa" is being given to
foreigners who are coming to India.
- The department of AYUSH has prescribed minimum requirements for
Ayurveda.
Many Indian hospitals such as Indraprastha Apollo
Hospital (New Delhi), Apollo Hospital (Chennai), Wockhardt hospital
(Mumbai) have been credited for their healthcare services by the Joint
Commission International (JCI) of the USA.
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