EXPORT OF HEALTH SERVICES - The Indian Experience

EXPORT OF HEALTH SERVICES The Indian Experience Dr. Sumit Seth Second Secretary Embassy Of India

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India Spends US $ 22.7 Billion On Healthcare * The Indian Healthcare Market

Sectorwise Distribution By 2012, the Healthcare sector could account for 7- 8% of GDP and provide direct and indirect employment to 9 million

* Healthcare Market (2005 vs 2025) Healthcare is the third largest growth segment in India

Investment in India (Estimates) Healthcare in India will grow at 10.8% annually to reach USD 190 billion

Share of the wallet McKinsey : Healthcare share of the wallet in India will be very close to China.

Broad trends favoring Health Services Exports ,[object Object],[object Object],[object Object]

Growth Drivers ,[object Object],[object Object],[object Object],[object Object],[object Object]

Factors favouring Export of Health Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Shift from socialized to private providers… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Booming economy and High literacy rates. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The Demographics Middle Income Class in India to grow to 400 to 500 Million by 2015

Shift to lifestyle-related diseases ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Easier financing in a capital intensive Industry. ,[object Object],[object Object],[object Object],[object Object],[object Object]

Increasing life expectancy ,[object Object],[object Object],[object Object]

Recognition by government as a priority section. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Healthcare : Demand & Supply 90 % patients need primary and secondary care

Total expenditure in India as percentage of GDP : 5.0 (2007) Global Healthcare Infrastructure

Areas of Opportunity ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why India?- Hub for Health BPO ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Need for Outsoucing in US, EU ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The types of services offered ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Health Care BPO: The Indian Companies

Outsourcing of pathology and laboratory tests ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Telemedicine: The Promise ,[object Object],[object Object],[object Object],[object Object]

Tele-Radiology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

The estimated opportunity for India 50 per cent of the 6,000-odd hospitals in the US still with the technology for Tele-radiology One in every seven radiology positions in the UK is vacant. On the other hand, in India, there is a relative abundance. Currently----  US$ 3.7 billion 2012----  US$ 7.4 Billion Employment for 200,000 people

India presents First World Treatment at Third World Costs.

Medical tourism: High Reward for government ,[object Object],[object Object],[object Object]

Oppurtunities… ,[object Object],[object Object],[object Object]

Health Insurance Private Health Insurance to cover 20% to 25% by 2020

Quality Control and Accreditation ,[object Object],[object Object],[object Object],[object Object]

Certification or Assessment of quality ,[object Object],[object Object],[object Object],[object Object],[object Object]

ISO v/s NABH ,[object Object],[object Object],[object Object],[object Object]

Latest Trend : Health Quality Control ,[object Object],[object Object]

Latest Trend : Health Quality Control ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Public Private Partnership will enhance healthcare services

Service Contract Model ,[object Object],[object Object]

Management control Model ,[object Object]

Chiranjeevi Yojna ,[object Object]

Case Studies-PPP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

US $ IN BILLION at 2000-2001 prices Huge Growth Potential Majority of the spending in Private Sector

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],INDIA-COLOMBIA PARTNERSHIP

Thank You ,[object Object],[object Object],[object Object],[object Object],[object Object]

EXPORT OF HEALTH SERVICES - The Indian Experience

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EXPORT OF HEALTH SERVICES - The Indian Experience