Released on: September 30, 2008, 3:23 am

Press Release Author: bharatbook

Industry: -- Choose an Industry --

Press Release Summary: Bharatbook.com launches a latest report which gives a detail
information about "Indian Hospital Services Market"

Press Release Body: Bharatbook.com added a new report on "Indian Hospital Services
Market" (http://www.bharatbook.com/detail.asp?id=80692)


Healthcare spending in India accounts for over 5 per cent of the country’s GDP. Of
which the public spending in percentage is around 1 per cent of GDP. The presence
of public health care is not only weak but also under-utilized and inefficient.
Meanwhile, private sector is quite dominant in the healthcare sector. Around 80
percent of total spending on healthcare in India comes from the private sector.
Inadequate public investment in health infrastructure has given an opportunity to
private hospitals to capture a larger share of the market. In addition the demand
for hospital services has been increasing due to the rise in lifestyle related
diseases that accompany prosperity.

Hospitals serve an important function in India’s healthcare system. They provide
in-patient and out-patient services and also support the training of health workers
and research. Indian hospitals can be broadly classified as public hospitals,
private and not-for-profit hospitals. Corporate hospital chains that provide
tertiary healthcare services in large towns and cities have also been established.
However, the number of hospital beds in India is around 1.1 per thousand people.
This is significantly lower when compared to most developed economies.

Although rise in disposable income and better availability of health insurance have
made health services more accessible the industry still faces a number of
challenges. One of the major stumbling blocks is the acute shortage of trained
personnel - ranging from doctors, nurses, technicians to healthcare administrators.
Nonetheless, this indicates immense opportunity for players keen to establish
training & education centers for healthcare personnel. Ensuring high quality of
healthcare service is another key issue for service providers. This is because of
the fact that majority of hospitals are private and unregulated.

The current outlook for the hospital services is positive. Technological
innovations in service delivery, increased affordability, improved service quality
and supportive government policy initiatives are some of the factors that are likely
to impact growth of the sector. This is a pointer to significant opportunities that
exist for service providers. Moreover, the future of healthcare is not restricted to
the large domestic market alone. Emerging trend of medical tourism indicates the
possibility of Indian healthcare services opening to the whole world.


For more information, kindly visit - http://www.bharatbook.com/detail.asp?id=80692



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