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List of Profitable Projects for Investment in Healthcare Industry. Setting Up a Hospital. Healthcare Business Ideas in Medical Sector.

Tuesday, January 2, 2018

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List of Profitable Projects for Investment in Healthcare Industry. Setting Up a Hospital. Healthcare Business Ideas in Medical Sector.

Multispeciality Hospital. Cancer Hospital. Medical Diagnostic Centre. Medical College with Hospital. Hospital with Teaching Facility

A hospital is an integral part of social and medical organization, the function of which is to provide complete healthcare for the population, both curative and preventive and whose out-patient services.

Health care is one of the most complex activities in which human beings engage. Hospitals are basically service organizations. The professional area of an organization is influenced by its user’s satisfaction. Healthcare services make up a significant portion of national expenses, and thus it is essential that the nature and quality of services be explored. Patient satisfaction is one of the primary outcome variables when considering healthcare services. Patient satisfaction has become an important performance indicator for the delivery of quality medical care services. The hospital, a major social organization, offers considerable advantages to both the patient and the society. Certain health problems require intensive medical treatment and personal care which normally cannot be made available at home or in the clinic of a doctor, this is possible only in a hospital where a large number of professionally and technically skilled people apply their knowledge and skill with the help of world class advanced and sophisticated equipment.

Healthcare scenario is fast changing all over the world. Today Indian health care industry is business driven and one can see entry of all sorts of service providers to be part of this massive multi core business, growing at the rate of 13% annually. Globalization and privatization have also changed the functioning of the healthcare system. The private health network is spreading fast throughout the country. Economic, political, social, environmental and cultural factors are influencing the health care and the delivery of the health care services.

The hospital services’ market represents one of the most lucrative segments of the Indian healthcare industry. Various factors, such as increasing prevalence of diseases, improving affordability, and rising penetration of health insurance are fuelling the growth in the Indian hospital industry. Several private players are also entering the sector with new plans of establishing hospitals and health centers around the country. On the back of continuously rising demand, the hospital services industry is expected to be worth US$ 81.2 Billion by 2015.

Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. The Indian healthcare market is expanding rapidly. The Indian healthcare industry amounted to $110 billion in 2016 and is expected to reach $280 billion by 2020 due to increased demand for specialized and quality healthcare facilities. Health care has become one of India's largest sectors both in terms of revenue and employment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players.

Healthcare revenue in India is set to reach USD280 billion by 2020; expenditure is likely to expand at a CAGR of 17 per cent over 2011–20. Healthcare has become one of India's largest sectors both in terms of revenue and employment. The industry is growing at a tremendous pace owing to its strengthening coverage, services and increasing expenditure by public as well private players.

The market size of private hospitals is expected to grow at a CAGR of 19.2 % to reach ~U.S. $ 120 billion by 2020 from its current size of ~U.S. $ 50 billion.

Here are few Projects for Startups:

CANCER HOSPITAL (TREATMENT & RESEARCH INSTITUTE)

The word "Cancer" is widely associated with impending death amongst a large number of people. This is understandable as Cancer is a killer disease. According to the W.H.O., globally one out of three women and one out of four men are likely to get cancer in their lifetime. With such a high probability rate, cancer can affect anyone, anytime and anywhere……….Read more

HOSPITAL

A hospital is a health care institution providing patient treatment by specialized staff and equipment. Hospitals often, but not always, provide for inpatient care or longer term patient stays. Presently, every city or town in India has no. of private hospitals furnished with latest medical facilities available and with more qualified surgeons, physicians and specialist doctors………Read more

MEDICAL DIAGNOSTIC CENTRE

Modern diagnostic centre provides a wide scope for detection of ailments and afford facilities for a detailed medical check-up through diagnostic procedures. To accomplish this objective a modern diagnostic centre should be well equipped with most modern instruments. Which help in the requisite measures for diagnostic purposes……….Read more

MULTISPECIALITY HOSPITAL

The Indian healthcare dates back to the Vedic system of healthcare (Ayurveda) in 5000 BC. The Ayurvedic principles of positive health and therapeutic measures relate to physical, mental, social and spiritual welfare of human beings. During the early Vedic period, Ayurveda was perhaps the only system of overall healthcare and medicine………….Read more

HOSPITAL WITH TEACHING FACILITY

A hospital as a health care organization has been defined in varied terms as an institution involved in preventive, curative/ameliorative, palliative or rehabilitative services. However, the definition given by WHO is quite exhaustive and exclusive, in which it is defined as, an integral part of the medical and social organization which is to provide for the population complete health care, both curative and preventive;………..Read more

SUPER SPECIALITY HOSPITAL

The Indian healthcare industry is divided into two segments - services and manufacturing. While the manufacturing segment consists of medical equipment manufacturing industry and pharma production, the services segment is basically split into direct services and indirect services………Read more

MEDICAL COLLEGE WITH HOSPITAL

A medical college is meant to impart education of medical field to students to qualify them as doctors in different specialized disciplines so as to treat patients suffering from various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases which exchange health and add suffering to humanity…………….Read more

 

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