Globally health is a priority sector among all the governments across the world. It is one of the fastest growing sectors and it’s also one of the most expensive industry sectors.
The overall Indian healthcare market is worth around US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a Compound Annual Growth Rate (CAGR) of 22.9 per cent. Healthcare delivery, which includes hospitals, nursing homes and diagnostics centres, and pharmaceuticals, constitutes 65 per cent of the overall market.
The Healthcare Information Technology (IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020. Indian Chamber of Commerce has been highly active in Healthcare sector and past several years and has taken numerous initiatives to promote Health Sector in East and North East. ICC has been working towards providing a platform for both private and government to mutually discuss upon various issues of delivering health care in India, through conferences, exhibitions and interactive sessions. By connecting private sector players from Hospitals, Insurance with policy makers, regulatory bodies, subject experts ICC is taking forward the Universal Health Coverage agenda.
Health technology, skilling of manpower, medical tourism and international partnership with neighboring countries are some of the key areas where ICC has been working for as we understand for India and for Eastern region the opportunities are coming up in a big way in the areas of Hospital Technologies, Tele-medicines, Clinical Trials. Health Care Industry is witnessing a Year on Year growth of 15%.
Indian Chamber of Commerce has a ‘Health Care Core Group’ under the Chairmanship of Mr Prashant Sharma, Managing Director,SKM Group(Charnock Hospitals Pvt. Ltd). The healthcare core group derives its strength from its members who are leaders in hospitals, insurance sector, health equipment, skill development, pharmaceutical and research and consultancy. The agenda the group is committed on to take up with the Government and other stakeholders for business development –