Service industry has emerged as a largest and fastest growing economy in the world contributing a lot to the global output and employment, forming the backbone of social and economic development of a region. Healthcare industry is the world's largest industry with total revenues of US$ 2.8 Trillion. In Indian Economy Health services are being seen as a most important service. It is the most challenging and largest sector. It is responsible for overall nation development and progress.
In order to build a healthy and productive workforce we need to have a strong and well defined health care sector. For implementation of programmes related to health and family welfare, prevention and control of major communicable diseases as well as promotion of traditional and native systems of medicine, the 'Ministry of Health and Family Welfare' is responsible. This ministry is composed of four departments:
In order to build a healthy and productive workforce we need to have a strong and well defined health care sector. For implementation of programmes related to health and family welfare, prevention and control of major communicable diseases as well as promotion of traditional and native systems of medicine, the 'Ministry of Health and Family Welfare' is responsible. This ministry is composed of four departments:
- Department of Health & Family Welfare:- It deals with healthcare, including awareness campaigns, immunization campaigns, preventive medicine and public health.
- Department of Health Research:- It is responsible for aspects relating to family welfare, mainly in reproductive health, maternal health, paediatrics, information, education and communication; cooperation with NGOs and international aid groups; and rural health services.
- Department of AIDS Control.
- Department of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH):- It was established in 1995 as Department of Indian Systems of Medicines and Homoeopathy. It deals with Ayurveda, Yoga and other yoga, naturopathy, unani, siddha, and homoeopathy and other alternative medicine systems.
- Medical Value Travel or Medical Tourism World class treatment and benefits at a fraction of the Cost (almost 1/10th) with no waiting time for surgeries as compared to advanced nations like UK and US where waiting period is substantially longer have been instrumental in a large number of foreign arrivals to access healthcare services in India.
- Medical tourism market is valued to be worth over $310 million with foreign patients coming by 100,000 every year, and the market is predicted to grow to $2 billion by 2012. Diagnostics & Pathology Services
- Outsourcing of Pathology and Laboratory tests by foreign hospital chains due to the high cost differential in India. Clinical Trials.
- Availability of a Huge Patient Pool.
- Cost advantage with testing of drugs possible at 60% of the price.