Healthcare Opportunities in India

An Expert's View about Human Health Services in India

Posted on: 4 Oct 2010

The healthcare sector in India is witnessing large private sector investments in new facilities spurred by a wide demand-supply gap in healthcare delivery.

Sector briefing Healthcare Opportunities in India Why India? The Indian healthcare industry is estimated to grow from the current level of around Rs 1500 billion (US$ 37.5 billion) to over Rs 3000 billion (US$ 75 billion) by 2012. At Rs 690 billion (£10 billion), private spending accounts for a significant chunk of the healthcare delivery market. The healthcare sector in India is witnessing large private sector investments in new facilities spurred by a wide demand-supply gap in healthcare delivery. Government is encouraging private participation due to constraints in public funding capability. Import incidence is high - almost 70%-80% of medical equipment for private hospitals is imported. Peak import duties have been lowered to bring India in line with WTO norms. Find general information on Indian market conditions on UKTI?s website. The Doing Business Guide for India gives an overview of India?s economy, business culture, potential opportunities and an introduction to other relevant issue UK Trade & Investment Sector briefing: Healthcare opportunities in India of high-technology, specialised medical Opportunities equipment, products and systems. There is good demand for imported medical India is now emerging as a healthcare hub in consumables, especially high quality CE Asia due to the growing number of multi and marked products in specialised/niche single superspeciality tertiary care hospitals. segments. Customer expectations for quality healthcare from private hospitals is high and most urban Diagnostic Kits, Reagents and hand-held hospitals are striving to provide state-of-the-art Diagnostic Equipment care in almost all healthcare specialities. The intention of these leading private hospitals is to prov India has a high incidence of infectious ide world-class international quality healthcare service at affordable rates. As a diseases (eg tuberculosis, malaria, AIDS and consequence, medical tourism (or medical value Hepatitis B). In accordance with world practice, travel) is a high interest area for these it is mandatory to test for major infectious hospitals. The rapid expansion in the sector by diseases. This has resulted in a growing market way of several greenf for diagnostic kits and reagents. Imports ield and expansion projects in hospitals and medical co constitute 50% of this market. Hand-lleges across India provides immed held/portable diagnostic equipment (eg for iate opportunities for UK healthcare technology, equipment and service blood sugar, Blood Pressure testing etc) is also providers and consultants. Opportunities for UK a fast growing segment. India has around 45 healthcare and medical technology companies million diabetics. in India are growing - key areas are detailed below: E-healthcare / Telemedicine Hospital Infrastructure This is a high-growth area and most public hospitals (funded by State governments) and There are hospital project design and private single and multi-superspeciality consultancy opportunities as a large number of hospitals have gone in for customised Hospital private hospitals are being set up in the larger Management Systems and other medical based cities. Fortis Healthcare Ltd will increase the IT products. Though telemedicine is in its number of beds from the present 1790 to infancy in India, it is beginning to take root. 4,000 over the next five years. Apollo Hospitals There are already some successful initiatives in plans to increase the number of its clinics from this segment (eg Apollo Hospitals). There is the present 50 to 250 numbers in the next also a Tata Consultancy Services (TCS) couple of years. There are also several smaller promoted website: www.webhealthcenter.com which is promoting its usage widely in India. regional players who have announced plans of Given the poor availability of quality healthcare setting up new greenfield hospitals in smaller facilities outside the large and second cities, towns and cities. telemedicine is expected to become a viable business proposition. Opportunity also exists for overseas organisations to set up Hospitals in India. Medical Education & Training International Hospital groups that have entered India through the FDI route include Columbia The UK is in a position to capitalise on its Asia from Malaysia, Pacific Healthcare Holding expertise in areas like Medical Education and Parkway from Singapore, Emmar from the Research and Training, especially post Middle East and Prexus Health Partners from graduate medical education, nursing and the US. paramedic training (the Indian medical curriculum is based on the UK system and Medical Equipment and Devices many doctors and surgeons have had training at the Royal Colleges). Specialist nurse training There is a need for sophisticated hospital will become vital as the number of single- equipment, especially operating theatre superspeciality and multi-superspeciality products. In view of the relatively low customs hospitals increase. duty rates (9.2%-25%) combined with an increasing number of healthcare centres There is an opportunity for UK specialising in advanced surgery, India offers Universities/training providers to provide substantial opportunities for the direct supply medical education in India in association with UK Trade & Investment Sector briefing: Healthcare opportunities in India local medical colleges. This association could Monitors & Dopplers, pressure area care be by way of sharing of curriculum, faculty systems and beds and examination couches. exchange and student exchange programmes. Randox Laboratories Ltd, UK has a successful Doctors in India are inclined towards UK presence in the diagnostics/ pathology market. medical processes and accreditation bodies. Several have worked in the National Health Smith & Nephew as well as Smiths Medical Service before returning to India and have International also have a strong presence in strong links with the UK?s medical fraternity. India. The growth of the diagnostics/analytics sector In general, the healthcare and medical has also identified a need for training in technology sector in India offers several biochemical engineering. The development of exciting opportunities for cooperation with medical services such as clinical waste suitable UK companies and organisations. management and emergency medicine will generate specific educational requirements eg If you have any questions on the opportunities paramedic training. However it is important for above, contact the UKTI India Healthcare UK healthcare education providers to define contacts named in this report. Business collaborative projects in precise commercial opportunities aimed specifically at UK terms. companies are added daily to UKTI?s website. These leads are sourced by our staff overseas Other Growth Areas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. Emergency Medical Services and Trauma Care is a growing area in India with several You can be alerted to India/healthcare state governments seeking to replicate the UK/ European models. There are also opportunities opportunities on a regular basis by registering for British involvement in the area of setting up on the UKTI website. More on UKTI?s business of Hospices as well as day care centres or opportunities service ambulatory facilities. The health insurance/managed healthcare business is also at a take-off stage. BUPA has recently tied up with Max Healthcare to form Max BUPA Health Insurance. New opportunity areas include personalised boutique healthcare, medical malls, multiple independent clinics, special residential care with medical facilities- meeting the needs of the elderly. There is a strong demand for integrated solutions in which consultancy is grouped with a range of products and services. UK companies would benefit by working together to create such offerings in hospital design/development, emergency medical services, clinical waste management and telemedicine. UK/European companies in India Huntleigh Technology Plc (acquired by Getinge, Sweden in January 2007) has set up a 100% subsidiary company in Mumbai - Arjo Huntleigh Healthcare India Pvt Ltd. Initially set up as a liaison office in 1999, the subsidiary company was established in mid-2002. The Indian company is doing good business with its focus being on three main product areas: Foetal UK Trade & Investment Sector briefing: Healthcare opportunities in India Major events and activities UKTI contacts Indian Healthcare Trade Mission to UK Anjali Malkani Contact: UKTI Lifescience Sector Group Senior Trade & Investment Adviser Email: Robert.Kipps@ukti.gsi.gov.uk British Deputy High Commission, Mumbai Time: 19-23 July 2010 Tel: (0091 22) 6650 2177 Email: anjali.malkani@fco.gov.uk UK outward trade mission to India www.ukti.gov.uk Contact: UKTI Lifescience Sector Group Email: Robert.Kipps@ukti.gsi.gov.uk Spencer Mahony Time: September 2010 (dates tbc) First Secretary and Head of UK Trade and Investment Western India British Deputy High Commission, Mumbai Find full details of all India healthcare Tel: (0091 22) 6650 2232 events on the UKTI website. New export Email: spencer.mahony@fco.gov.uk events are added daily to the site and you can www.ukti.gov.uk register to be alerted to them on a daily, weekly or monthly basis UKTI?s Tradeshow Access Programme (TAP) provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend trade shows overseas. Find out more about UKTI support for attendance at overseas events UK Trade & Investment Sector briefing: Healthcare opportunities in India Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Indian market are advised to you to meet contacts and promote your undertake as much market research and company in the Indian market planning as possible in the UK. UKTI?s team in India, with its wide local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in the Indian market. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Indian market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: Healthcare opportunities in India
Posted: 04 October 2010

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