Healthcare has become one of the fastest growing sectors in India – both in terms of revenue and employment. The entire segment comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The total industry size is expected to touch US$280 billion by 2020. This is due to rising incomes, easier access to high-quality healthcare facilities and greater awareness of personal health and hygiene.
Let’s take a look at some of the industry challenges:
Healthcare: Hospitals, Health Plans/Payers
Life-Sciences: Pharma, Med-Devices, and Biotech
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