Healthcare Radius – December 2018

44 2&72%(5_+($/7+&$5(5$',86

OPINION

1. Technology has
   enabled quick
   tracking of nearby
   hospitals, improved
   doctors-patient
   engagement and
   easy access to health
   reports and records.

A

s we all are aware, the Indian

healthcare sector is one of the

fastest growing industries in

the world and as per the pub-

lished data, by the year 2020, it is poised

to become one of the top three healthcare

markets globally, in terms of incremental

growth. In fact, according to India Brand

Equity Foundation Report 2017, this

growth will come to an estimated CAGR

of 22.87%. Since both public and private

hospitals are equally responsible for the

last mile delivery of healthcare services in

India, they are key players in the creation

of an enabling and conducive ecosystem in

the country.

Accounting for almost 80% of India’s

healthcare market, the private sector is a

vibrant force that has boosted expenditure

to 4.7% of the GDP and will continue to

drive the sector’s growth. As we all know,

none of this will be possible without a

collaborative partnership with the Gov-

ernment as they are also playing a critical

The transformation

Healthcare service delivery is poised for a change with

advanced technology and collaborative partnerships

BY BHAVDEEP SINGH

1