73 years ago, India became an independent nation. As a country, we have seen tremendous growth in all industries. Healthcare is one among those that have prospered and added value to our free nation.The healthcare industry in India is vast. It touches the life of every individual. So all of you would be concerned about the way ahead of health in our country. Credihealth brings to you a Post-Independence Day special reflecting on what is yet to come – The future of healthcare in India.
- In India, the healthcare industry accounts for $160 billion.
- The net worth of the industry is expected to rise to $280 billion by 2020.
- The healthcare market of the country may increase by three times.
- Currently, an approximate 25% of growth is seen in medical tourism in India.
- The Indian government’s healthcare spending has increased to 1.4%(FY18) from 1.2%(FY14).
- The public health spending of GDP may rise to 2.5% by 2025.
The above numbers show how Indian healthcare is boosting. But there is massive scope for improvement in this subject. From educating the population to accessing facilities, to innovations in technologies, the field is expected to discover more developments.
Insurance – Nearly 7% of Indian households are pushed into poverty every year because of the high expenditures in healthcare. A better insurance coverage plan to source expensive procedures is a solution to this problem. The foresight towards improvement focuses on budget and insurance. State and central governments in India have initiated work with this respect.
Personalized Healthcare – Health does not merely mean the lack of illnesses but the profound well-being of an individual. Doctors in India have to provide treatment for critical ailments at a very late stage. If every person can monitor their state of health, preventing chronic diseases could be easier. The vision to improve medical care in India is to treat routine checkups as subscriptions.
Technology – The advancements in the technical world has turned the face of healthcare in India. There are modern equipment and techniques available to doctors to offer the best treatments. The next step in this factor is to introduce analytics for personalized health. Artificial Intelligence, mobile technology, data sciences, and gadgets can help in tracking haleness.
Several e-health initiatives were launched on World Health Day 2016 towards this approach. For example, the Swachh Bharat app for health tips, ANMOL-ANM application for health workers, and e-RaktKosh, a blood-bank information system.
These visionary footsteps can only be achieved if the challenges in the present scenario are addressed. Let’s take a view on what these issues are.
If you overview the healthcare arena from the surface, you would only see the betterments. But a deeper outlook at the system reveals a lot of major challenges.
One of the biggest concerns is the allocation of medical resources. The medical system seems to be biased. Because it is concentrated in the big metropolitan cities. Indian population from rural areas still lack access to many health-related tools.
70% of the population lives in small towns whereas 80% of healthcare facilities are available in urban areas. Rural people have to arrange for their travel, accommodation and more on top of the huge costs of medical procedures.
Another concern is the hesitation of experts to work in backward areas of the country. Families from rural backgrounds face out-of-the-pocket expenditure to avail even the basic medical facilities.
Our Independence is not only celebrated by being a free nation but also with continuous improvements in all fields.
The Indian healthcare system is intensifying at a laudable pace. With the aid of high tech tools and qualified experts, we are moving forward. But we need an all-inclusive development. Hence, the challenges need to be worked on.
Credihealth aims at empowering and educating Indians about the present healthcare system. We offer services that make the medical journey of patients an easy experience. Considering the high expenses of medical procedures, we also provide concessions wherever possible.
Our contribution to the upgrading of this system is indicated by our happy users and positive outcomes. We allow our users to compare cost estimates, avoid queues and get priority appointment slots, make better decisions while choosing between hospitals, and more. We have a vast pool of healthcare providers in India. You can gain access to them through our services.
For more information on your health-related query, contact us on +918010994994