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Articles: Education/Training | By 2020, 7m Indians may die..
- Mr. M Kumar N
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But it’s the private sector which accounts for 70% of the hospitals in the country, providing about 60% of all out-patient care and as much as 40% of in-patient care. And, by 2010, it is expected to notch up around 80% of the healthcare market, comprising hospitals and diagnostic centres.
While the growth of private healthcare facilities in India vis-a-vis public healthcare facilities is an emerging trend, the sector requires investment of $25.7 billion over the next three years. By 2010, an additional 4.5 lakh hospital beds will be required, the study adds. Today, the value of the healthcare sector is over $34 billion, translating to roughly 6% of GDP and the sector is projected to grow to nearly $40 billion by 2012.
While the government is drawing up plans to build at least half-a-dozen AIIMS-like multi-speciality hospitals, the study said, the government was expected to chip in with only 15-20% of the investment requirement.
There are however significant challenges that need to be addressed. The lack of adequate healthcare insurance for a vast number of people is a fundamental problem. Currently 11% of the population has any form of health insurance coverage but with growing public-private partnership in this sector, many more people can be brought under insurance coverage.
EYE OPENER :
Chronic diseases like diabetes, hypertension, cancer and AIDS would account for over 65% of deaths in India by 2020 compared to 53% in ’05
WHO estimates that mortality from diabetes and heart disease cost India about $210 billion every year and is expected to increase to $335 billion in the next 10 years.
By 2010, an additional 4.5L hospital beds will be required. Value of the healthcare sector is projected to grow to nearly $40 billion by 2012.
Cortesy: TOI, NEWDELHI
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