Healthcare is one of the largest sectors and employers in the world, worth over US$ 9 trillion globally and consuming an average 10 per cent of a country’s GDP. In India, the healthcare sector stood as the fourth largest employer in 2017 as it employed a total of 319,780 people. The sector is expected to reach US$ 372 bn by 2022. However, the primary challenge that plagues the Indian healthcare infrastructure sector is the gap between the supply and demand. Studies estimate that, Indian healthcare system has only 1.3 hospital beds per 1,000 people, which is significantly lower than the 3.5 beds defined by the World Health Organization. This time, we present to you a critical analysis on Indian hospital infrastructure market highlighting how the schemes like AAYUSH can propel the growth.
Medical diagnostic remains the integral part in healthcare ecosystem. According to a report by Transparency Market Research, the global diagnostic imaging market, valued at around US$ 28 billion in 2017, is estimated to reach a value of more than US$ 47 billion by 2026, expanding at a CAGR of 6 per cent whereas a report by MarketsandMarkets estimates that the global market of diagnostic imaging is expected to reach $36.43 billion by 2021, at a CAGR of 6.6 per cent from 2016 to 2021. Our report on radiology explains us the next big things in radiology.
Neurology remains one of the most dynamic areas of medicine with advances on various fronts including diagnostics, therapeutics and rehabilitation strategies. Rise in incidence of cerebral stroke and other severe disorders such as Alzheimer’s disease, epilepsy, and Parkinsonism is expected to fuel demand of neurology devices thereby driving industry growth. According to a report by Grand View Research, global neurology devices market is expected to reach US$ 10.8 billion by 2022. Here, experts from the industry examine the recent technological advancements in the field of neurology.
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Pravita Iyer
Publisher
