Indo-Global Healthcare Summit in Hyderabad

Hyderabad, April 25 (INN): The Indo-Global Healthcare Summit & Expo 2015, on the theme innovations and advances, will be held at Marigold Hotel and Green Park Hotel in Hyderabad, from July 23 to 26th. It will be jointly organised by the Federation of the Telangana and Andhra Pradesh Chambers of Commerce & Industry, the OMICS Group, and the Indus Foundation.

Speaking on the curtain press Conference organised here in city on Saturday, Dr. Kakarla Subba Rao, Director Emeritus, Nizam's Institute of Medical Sciences, said Health is different from Medicine. 'When you have a pain you go to doctor and doctor gives you medicine. Pain is a health issue and Medication is Medicine that alleviates suffering. Our governments don't understand what health is. There are three aspects of Medicine. One is service, two is education and three is Research. Research is in the bottom of the priorities of our successive governments in India. Governments don't encourage Research. Individuals don't carry out research since government doesn't give them incentives,' said Dr. Kakarla Subbaro

Giving details about the forthcoming Healthcare Summit & Expo, S.B.Anumolu, President of The Indus Foundation, New Jersey, aid that the Indo-Global Healthcare Summit & Expo 2015 is a sequel to the highly successful Healthcare Summit & Expo held in June 2014 in Hyderabad. It is a unique event for identifying and sharing successful innovative models of healthcare delivery from around the world. The event will help professionals, entrepreneurs, industry players, investors and global institutions to collaborate for taking advantage of the latest innovations and advances.

Who is who of healthcare from all over the world will participate in the event. The event has already attracted speakers, participants and exhibitors from across the world such as USA, UK, Australia, Canada, Italy, Germany, China, Turkey and others, Anumolu informed. Speaking further he said. Dr. Robert Wah, President, American Medical Association, Chicago, USA , Dr. D. Balasubramanian, Director of Research, L V Prasad Eye Institute, Hyderabad will be Keynote Speakers

The Summit & Expo is organised in the backdrop of Indian healthcare industry growing at a rapid pace. It is expected to grow from a US $ 70 billion now to US $ 145 in 2017 and to US$ 280 billion by 2020. It recorded a phenomenal 12 per cent growth in last 4 years informed S.B.Anumolu, President of the Indus Foundation.
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Even so, nearly one million Indians die every year due to inadequate healthcare facilities and 700 million people have no access to specialist care. 80% of specialists live in urban areas.

Even on manpower front too, India would require investments of up to US$ 20 billion over the next 5 years to reach world standards. Currently, we produce 250,000 doctors annually in the modern system of medicine. A higher number of nurses and para-medical professionals and practitioners of Indian Systems of Medicine and Homoeopathy are also produced. But, manpower shortage will remain for several years to come.

The highlight of this long awaited event is its magnitude. It is the most comprehensive healthcare event of its kind ever held in India with the participation of around 4000 decision makers. The number of scientific sessions is as many as 120 with speakers from all over the world, making it probably the largest ever held in India.

The Indian healthcare sector has emerged as one of the largest service sectors in India. Healthcare spending contributes 8% of GDP. The spending is expected to rise by 12% per annum. This sector employs 9 million people. Rising incomes and growing literacy are likely to drive higher per capita expenditure on healthcare. The diseases trend is shifting from infectious to lifestyle diseases.

The medical equipment market too is growing. The demand for hi-tech products is close to 80 percent of the overall market in India. Major international medical equipment companies are lining up their investments in India for setting up local bases.

Another interesting trend in healthcare sector is medical tourism which has now gained momentum in our country. As overseas patients get quality health services in India for less than half the price prevailing in their countries, India is becoming a popular medical tourist destination in Asia. At present, medical tourism is a US$ 2 billion business and is expected to grow substantially in the future.

As many as 120 scientific sessions will be held with presentations by around 300 international experts from all over the world. Participants will be given 8 Continuing Medical Education (CME) credits.

Prof. M. Habeeb Ghatala, Dean and Head, Princess Durru Shehvar Institute of Medical Technology, Hyderabad while speaking at the press conference said, the days of doing single handedly are over. Today what is required is to collaborate. Competitors, rivals are becoming collaborators. This conference is the venue for collaborations and partnerships, he said.