Characteristics and Trends of Indian Healthcare Industry

10 Pages Posted: 13 Sep 2014

See all articles by D. Amutha

D. Amutha

St.Mary's College, Tuticorin

Date Written: September 11, 2014

Abstract

Above the precedent decade, average life expectancy has increased, infant and child mortality rates have declined, and the amount of underweight and stunted children has decreased. In developing countries, the percentage of people with life expectancy at birth below sixty declined from 18 per cent to 7 per cent between 2001 and 2011. The quantity of people without contact to improved water supply fell from 21 per cent to 18 per cent over the past decade. Many communicable diseases have receded, owing to improved sanitation, nutrition, drugs and vaccines. This paper highlights the recent trends in health care of India and identifies issues and trends warranting future consideration. India has 48 doctors per 100,000 persons which are fewer than in developed nations. India has wide urban-rural gap in the accessibility of medical services. Over 60,000 cardiac surgeries done per year without come at par with international standards. Multi organ transplants like Renal, Liver, Heart, Bone Marrow Transplants, are productively performed at one tenth the cost. Patients from over 55 countries treated at Indian Hospitals.

Adopting innovations is increasingly becoming the standard athwart sectors including healthcare. The range and avenues available for innovations in healthcare are ample depending on the implementing stakeholder and the intended benefit. e.g. whereas hospitals may outlook products which help decrease costs and get better health as an innovation, patients and consumers of health care may view products that offer financial protection as innovations. The drivers of innovations are many in the emerging markets. The sole and sensitive developmental challenges, which have required these markets to expand original solutions and perspectives has been a big driver for innovations. Healthcare is racing towards high-tech, automated technologies like, healthcare delivery through application of telecommunications technology or rather tele-medicine.

Keywords: healthcare industry, life expectancy, child mortality, sanitation, nutrition, tele-medicine.

Suggested Citation

Amutha, D., Characteristics and Trends of Indian Healthcare Industry (September 11, 2014). Available at SSRN: https://ssrn.com/abstract=2494971 or http://dx.doi.org/10.2139/ssrn.2494971

D. Amutha (Contact Author)

St.Mary's College, Tuticorin ( email )

Associate Professor of Economics, St. Mary's Coll
Thoothukudi, Tamilnadu 628001
India
9442091588 (Phone)

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