MediHealth Congress-Chennai-5th & 6th May 2011

MediHealth Congress-Chennai-5th & 6th May 2011

 

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About The Event


Welcome to MediHealth Congress 2011 

Industry leaders unanimously opine that the Indian healthcare sector is currently witnessing its peak in terms of business potential and return on investment. It is expected to become a $ 280 billion industry by 2020 with spending on health estimated to grow by 14 per cent annually. However, despite all the positive developments taking place in the industry, India as a country, even after six decades of its political independence, is still failing miserably to address the healthcare needs of majority of its population. At the very outset, we have to acknowledge that the main problem in India's health sector is not the unavailability of medicine & human resources, but their proper accessibility and distribution.

Analyzing the above visible trends in the country, at MediHealth Congress 2011, we aim to bring together the expertise of stalwarts from the healthcare industry, experts in business strategies & technology as well as the policy makers to identify, debate & come out with some realistic solutions to bridge the gaps in Indian medical system. The focus would be on developing efficient strategies to have great ROI for the investors and at the same time make healthcare accessible & affordable to the common man. Additionally, the focus would also be on developing mobile healthcare, telemedicine and related technologies, which would ensure better reach of healthcare facilities and consultancy to remote areas.

Our analysis of healthcare scenario in India: What’s in store at MediHealth Congress 2011?  

Industry leaders unanimously opine that the Indian healthcare sector is currently witnessing its peak in terms of business potential and return on investment. It is expected to become a $ 280 billion industry by 2020 with spending on health estimated to grow by 14 per cent annually. The private sector in India is leveraging on this business potential and various big brands have started aggressive expansion on this front. Some of the companies that plan to make their presence felt in the healthcare sector in a major way include Reliance Health, Sahara Group amongst others 

Industry Analysis

The size of Indian medical technology industry may touch $ 14 billion by 2020 from $ 2.7 billion in 2008. Additionally, the health insurance market in the country has emerged as a new and lucrative growth avenue. Healthcare retail has deepened its roots in India and is growing at a rapid pace. The Indian medical tourism industry is presently at a nascent stage, but has an enormous potential for future growth and development owing to low cost range of treatments provided by the country. The growth in India’s medical tourism market will be a boon for several associated industries, including hospitals, medical equipment as well as the pharmaceutical industry. Telemedicine & mobile technology are gaining momentum and the rural healthcare sector is also on an upsurge.


Why are we failing still to address healthcare needs of millions here?

Despite all the above developments, India as a country, even after six decades of its political independence, is still failing miserably to address the healthcare needs of majority of its population. Ironically, 80 percent of health facilities allocation in India is in urban areas, though 74 percent of India's population lives in rural areas. Further, about 85 percent of healthcare in India is channeled through private enterprises, which is beyond the reach of majority of Indian population. Though India boasts of a few multispecialty hospital chains, which offer medical services at par with the global industry, their prohibitive costs are beyond the reach of the majority of people. The fact that majority of the population is outside the safety net of medical insurance, further compounds the problem. India would require another 1.75 million beds by the end of 2025, according to the recent estimates. However, the public sector is likely to contribute only around 15-20 per cent of the required $ 86 billion investment. Thus, there is a huge gap between the privileged, not so privileged, and the underprivileged class in India, in terms of access to quality healthcare. To further add to the problem, the better skilled and educated are opting for greener pastures in metros and foreign countries, leaving rural India reeling under an acute paucity of high level medical specialists. At the very outset, we have to acknowledge that the main problem in India's health sector is not the unavailability of medicine and human resources, but their proper accessibility and distribution.

Addressing healthcare issues at MediHealth Congress.

Analyzing the above visible trends in the country, at this forum we aim to bring together the experts from the healthcare industry, business & technology as well as the policy makers to identify, debate & come out with some feasible solutions to bridge the gaps in Indian medical system. The focus would be on developing efficient strategies to have great ROI for the investors and at the same time make healthcare accessible & affordable to common man. Additionally, the focus would also be on developing mobile healthcare, telemedicine and related technologies which would ensure better reach of healthcare facilities and consultancy to remote areas

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