IIHMR Delhi

The changing economy, market demands, and the technological/digital revolution are redefining the way healthcare is delivered. India, as a leading destination for healthcare is prominently placed among the top healthcare providers in the world for its medical know-how, technological expertise, and cost-effective and efficient healthcare. Increasing health awareness and prevention, rising income levels, penetration of health insurance, and increasing precedence of lifestyle diseases has become the key contributors to the growth of the healthcare industry. With the tremendous growth of the healthcare market generating revenue and employment for the country, India is all set to develop into a global healthcare hub in the coming years. The Indian healthcare sector is expanding and growing at a rapid swiftness meeting, or even exceeding the international quality standards. It is expected to register a CAGR of 22.9 percent and reach US$ 280 billion by 2020. The presence of world-class ...

The incidence of mental illness cases has increased rapidly in India over the past decades. As such, it is important that the healthcare sector covers all aspects of health, integrating both medical and mental health. Effective coordination of mental health services with general healthcare can promise a better treatment for distressed and disturbed individuals in the healthcare system. Mental healthcare services are equally important to physical factors in restoring patient health. And though the Indian mental healthcare services sector is gradually gaining recognition in the recent years, still there is a need of various improvements and government interventions to establish its significance and strengthen its position in the healthcare arena. The mental health services sector demands a wide variety of social and educational interventions, ranging from public awareness, mental health education, early identification of disorders, treatment for acute illness, long-term care, and r...

It is no secret that the Indian healthcare market is witnessing a tremendous growth in recent years and continues to make headway into the global healthcare arena. Currently, the booming healthcare sector and its profiting subsectors are on the upbeat, largely influencing the country’s position in the world market. The Indian healthcare market today is attracting more and more investments from public and private players, contributing to its major technological advancements/innovations and highly-efficient systems that stand in part with the global practices to offer top-notch quality healthcare services. As a result, the Indian healthcare market is expected to see a threefold growth in terms of its value in the global market in the coming years. The Current Healthcare Market in India The entire healthcare market in India is constituted of public/private healthcare organizations, pharmaceuticals companies, diagnostics industry (imaging and pathology), medical equipment and sup...

No doubt, the role of health has always remained instrumental to an individual’s quality of life, education, income, and obviously their overall development. But there is more truth to it and that is that the health has taken up as the causative factor for the country’s aggregative economic growth as well. There is a direct correlation between the health and economy and it is such that when the economy of a nation improves, so does the health of its citizens and vice versa. This is why improving the cumulative health outcomes in a nation can directly result in improving the overall economic growth of the nation. It is no secret that the health of the citizens and the nation’s economic growth go hand in hand, which means, every buck spent on healthcare guarantees a manifold increase in the overall growth of the nation. According to the World Health Organization (WHO), it has been estimated that a 10-year increase in average life expectancy rate of a nation can be associated with t...

The Indian healthcare sector is currently in a state of epidemiological transition, owing to the increasing rise of communicable and non-communicable diseases. As a result, there remains a continued threat to the health and economic security of the public and particularly the poor and deprived rural population are at a stake. So, it is necessary for the healthcare sector to confront the emerging problems of high cost, unaffordability, and inaccessibility of quality healthcare and make ways to manage the financial risks without out-of-the-pocket expenditure. This is where the role of health insurance comes. A well-planned insurance policy would be of great assistance to a major section of the disadvantaged population in uplifting their quality of life and access to healthcare. To address the existing challenges, the government of India has unveiled a government-funded healthcare programme called Ayushman Bharat or the National Health Protection Scheme (NHPS). The Ayushman Bharat Hea...

The rapidly transforming healthcare sector is fueled by the emerging medical technologies and the availability of modern tools and technology for all healthcare needs. Everything from diagnostic and therapeutic equipment to data storage in the healthcare domain is utilizing the advancing technology altogether and this changing practice pattern by healthcare professionals has almost revolutionized the way healthcare is delivered to patients. The current technology shift has brought in with it a digital makeover to the way doctors and patients communicate and interact within the care continuum, facilitating ease of operations and improved efficiency. This ‘new era’ has ushered in the digital transformation, which has become pivotal for a complete, full-fledged patient experience. The impact of technology on healthcare domain is endless. It has not only changed the healthcare experience of patients and families but has also created a significant impact on the healthcare management p...

The planet that we live in today is literally camouflaged with the benedictions of technology. Being the most powerful ‘entity’ of this era, technology has introduced the humankind to sky-rocketing possibilities. Today, we are witnessing the possibilities and ventures that were even unimaginable a few years ago. But in contrary, the fact is that the advancing technology has also unintentionally invited dangers that have turned out to be a major concern for the world. Several sectors have been the victim of Cyber Crime and one of the most vulnerable ones is the Healthcare domain. Sharp-practices have become a concept of household in the medical industry leading countless precious lives to the lion’s den. Healthcare sector is being constantly attacked by cybercriminals for quite a number of years now and the percentage of the attacks are increasing each year by a substantial percentage. Why is the Healthcare industry a superior target of cyber-crime? The foremost target of cybe...

The Indian Healthcare sector has emerged as one of the rapidly booming sectors, in terms of both employment and revenue. Fuelled by numerous external and internal factors, the sector is growing at a brisk pace, expecting to record a CAGR of 16.5 percent and a total industry size of $280 billion by 2020. This intense breakneck growth of the Indian healthcare sector calls for a substantial need and demand for quality healthcare, where affordability and patient experience are of utmost importance. In that sense, to build an efficient and effective healthcare system and to ensure healthcare improvement in all aspects, transparency is an important element. With time, consumers of healthcare services are becoming more and more involved and conscious towards their health upkeep and are taking more responsibility to pay for it. As a result, there exists a major push to bring transparency in healthcare pricing, information, and quality within the care continuum. While transparency has bee...

The growth and transformation in the healthcare sector today is being fueled by demographic and environmental factors, let alone the technological advancements. The changing lifestyles, urbanization, and digitalization have put forth new opportunities for healthcare sector to enhance patient experience and engagement. In that sense, the mobile technologies are on the rise with emerging trends like mHealth, IoMT, and mobile apps penetrating the care continuum predominantly and these trends are expected to increase further in the coming years. No doubt, technology is transforming the way organizations operate and people are more and more engaged in using technology and mobile solutions for their diverse needs. While so many industries are adopting mobile technology into their operations, the healthcare industry is no exception to this trend. Everything from improved operational efficiency to high standards in healthcare is impacted by the use of mobile solutions. The Indian hea...