Filling the vacuum in quality healthcare, diagnostic services

Filling the vacuum in quality healthcare, diagnostic services

Ameera Patel / Mumbai Apr 19, 2008 09:39

Filling the vacuum in quality healthcare, diagnostic services metropolis identifies opportunities and trends in the coming financial year

Introduction Healthcare, globally, is on a high-growth trajectory, with strong emphasis on the Asian and Middle East markets. Currently the global healthcare market is valued at over USD 6.68 trillion, 2005, and is growing at rate of 7.5%, which is much higher than the global GDP growth. It is estimated that Asia currently constitutes around 34% of the healthcare market. This figure is expected to increase to about 45% by 2008 and projects opportunities for the Indian health care in the global pharmaceutical and diagnostic markets. The Indian healthcare industry alone is ready to rocket from a USD 20.6 billion industry in 2001 to an expected USD 60 billion by 2010, led by strong demand. The Indian healthcare industry employs over four million people, which makes it one of the largest service sectors in the economy. The extended reach of healthcare due to the advancement in technology and creation of an E-world has led to Remote diagnostics, surgeries, monitoring of chronic conditions; Specialist conditions; Email consultations for primary care; E-prescriptions; Electronic health records and Telemedicine, which has further led to borderless healthcare services. Continue Reaading: http://www.indiainfoline.com/news/innernews.asp?storyId=65195&lmn=1