Healthcare sector poised for big leap: CII

NEW DELHI, MAY 15. India is poised to develop into a 'regional healthcare hub' with the $17 billion healthcare industry growing at a rate of 13 per cent, according to a Confederation of Indian Industries (CII) study.

With the demand for healthcare far exceeding supply, the domestic healthcare sector was expected to grow around 13 per cent per year in the next six years, a CII statement said here today.

The increase of 16 per cent in the budgetary outlay in the Union budget reinstates government's focus on the healthcare sector, the CII said and added that privatisation of insurance will extrapolate into a new healthcare delivery system in the country.

It said the industry was expected to undergo a drastic change with the advent of managed care systems in the form of preferred provider organisations.

Pointing out that there was a huge shortage of hospital beds, low density of doctors per person, the study stressed on the need to reorient healthcare strategy and strengthen linkages between government and private sector participants.

The study asked the government to focus more on primary and secondary healthcare and leave tertiary care to private sector health providers.

- PTI

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