siliconindia | | JUNE 20239more. There are activities of smart addition for balancing portfolios as it is not highly correlated to the business cycle alike other different sectors. In contrast, the sector must be keeping an eye out for government intervention and principal-agent problems.Equipment & Services For HealthcareHealthcare equipment and supplies are constantly in demand for the betterment of the industry and the production ranges from the basics such as crutches and bandages to the advancement of equipment such as MRI machines. Provider and services include companies that are own and operated healthcare facilities such as hospitals, rehabilitation centers, nursing homes, and animal shelters. The companies that engage in research and development (R&D), while the same are in analysis of data to innovation current healthcare practices. The sectors of pharmaceuticals, biotechnology, and life sciences include companies that perform research and development or manufacturing of derivatives from living organisms. The companies study living things and provide analytics with lab tools for clinical testing and general contract research services.Healthcare Sector InvestmentDue to the intertwining characteristics of public and private healthcare, the sector is often subjected to government intervention, the private healthcare companies are incentivized to maximization of profit, while the public's objective for serving the community.The clashing of goals means that the government must carefully regulate the healthcare sector and ensure that citizens can make a profit from adequate access to social services.The Government's determination to development of India as a global healthcare hub is helping in planning for an increase of public health spending to 2.5 percent of the country's GDP by 2025. The Healthcare industry in India includes hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The industry is evolving at a tremendous pace owing to help in strengthening coverage, and services and increasing expenditure by public as well as private players. ConclusionBecause of the inherent risks involved, the healthcare sector has a safe haven and growth opportunity for investors and the demand for healthcare is price inelastic ­ meaning demand will be relatively stable when prices fluctuate while the healthcare sector is quite resistant to the ups and downs of the business cycle.Healthcare has become one of India's largest sectors, both in terms of revenue and employment. Healthcare integrates hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment, and the Indian healthcare sector fosters the evolution at a brisk pace due to its strengthening coverage, services, and increasing expenditure by public as well as private players.As per the medical devices and equipment segment, there should be an expansion of diagnostic and pathology centers as well as miniaturized diagnostics have a high potential for growth. Medical Value Travel, especially wellness tourism, also has bright prospects, given India's inherent strengths in alternative systems of medicine.
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