MBA Health Sciences
The Need
 Indian Healthcare Industry
- India's rapid growth has brought about a 'health transition' in terms of shifting demographics, socio-economic transformations and changes in disease patterns.
- Healthcare, which is a US$ 35 billion industry in India, is expected to reach over US$ 75 billion by 2012 and US$ 150 billion by 2017 according to Technopak Advisors in their report 'India Healthcare Trends 2008'.
- According to PriceWaterhouse Coopers in its report, 'Healthcare in India: Emerging market report 2007', revenues from the healthcare sector account for 5.2 per cent of the GDP,
making it the third largest growth segment in India.
- To meet this demand for healthcare services and infrastructure, the country needs US$ 50 billion annually for the next 20 years, says a CII study. India needs to add 2 million beds to the existing 1.1 million by 2027, and requires immediate investments of US$ 82 billion.
Medical Tourism
- The attraction of high quality healthcare facilities at competitive costs has been instrumental in a large number of foreign arrivals to access healthcare services in India. Going by the current pace with which this segment has been growing, the CII-McKinsey study estimates that revenues from this segment could touch US$ 2.2 billion by 2012 (from the current figure of US$ 333 million). Credit Suisse estimate medical tourism to grow between 25 - 30 percent annually in India.
- Indian hospitals are fast becoming the first choice for an increasing number of foreign tourists. India's growing reputation as a major medical tourism destination is attracting more and more visitors from Gulf countries with many travel agents now offering packages combining treatment with a vacation.
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