For the past ten years, I have been working in Healthcare Media and Communications Industry. However, every time I ask a student or a colleague, “What does the healthcare sector in India comprise?”, the answer generally surprises me. People do not think beyond hospitals, nursing homes, private practice, pharmaceutical companies, various medical specialities, chemists, diagnostic centres, alternative medicine…that’s it. The list generally ends here.
Healthcare Sector is BIG. HUGE. with a lot of scope to develop further, and you can be a part of this developmental process.
As per India Brand Equity Foundation (IBEF), the Indian healthcare sector is expected to increase from US$ 110 billion in 2016 to US$ 372 billion in 2022. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. (Source: https://www.ibef.org/industry/healthcare-presentation)
This is what I meant when I wrote BIG. HUGE. with massive opportunities.
Below is my interpretation of the ‘Healthcare Sector in India’. Readers, please feel to share your thoughts and opinions. I will be more than happy to revise the flowchart to ensure it’s complete.
I will be back soon with more information on this topic!
Till then, happy reading!