Maintaining Profitable Fitness
Dalal Street Investment Journal|July 1, 2024
Healthcare has emerged as one of India's most expansive and significant sectors, both in terms of revenue and jobs. It includes hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment.
Maintaining Profitable Fitness

India's healthcare system has two main parts: public and private. The public healthcare system, run by the government, focuses on basic healthcare services through primary healthcare centres (PHCs) in rural areas and offers limited secondary and tertiary care in key cities.

On the other hand, the private sector provides most of the secondary, tertiary and advanced care, with a strong presence in major cities and smaller urban areas. India's strength in healthcare comes from its large number of well-trained medical professionals. The country is also more cost-effective compared to others in Asia and the West. Surgery in India costs about one-tenth of what it does in the US or Western Europe. This low cost has boosted medical tourism, attracting patients from around the world. Additionally, India has become a hub for research and development for international companies due to the relatively low cost of clinical research.

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