Technological Boost, Next Big Thing in Indian Health Care Sector

Bangalore: India is in the fast lane for growth in the healthcare sector with technological advances in its reach. India with a large number of population demands medical services at a relatively affordable price, which can only be achieved by technological investments in the health care sector. By 2020 the health care service industry is expected to reach $18 billion, creating the essential need for technological enhancement as reported by Vishal Dutta for ET.

The health and hospital conclave 2012 expressed the same opinion over the need of high investment for the demand of increasing capacity in Health care industry. The leading doctors, corporate representatives and professors at the conclave mentioned that other than getting better healthcare facilities, the technologic progress will play a major part in reducing the cost. It will help presenting the bills with more transparency and also help to understand the service pricing better.

The key to the success of medical institutes is costing and the technological advances in the health sector will assist in bringing down the healthcare expenses or help control the exceeding healthcare cost said professor K V Ramani, , Indian Institute of Management, Ahmedabad, Public System Group.

As per the Confederation of Indian Industry (CII) the healthcare industry is also the largest employment generator in India and the development index in this sector is equally high. With that being said, India is required to enhance the current capacity of its healthcare sector by about 200 percent.

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