In India, Healthcare sector is becoming one of the largest sectors in both terms of Employment and Revenue. hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment all these are parts of Healthcare sector or Medical Sector. Indian Healthcare sector is growing so fast because of its mass coverage and involvement in population and Indian economy. Service, Globalization, awareness and increasing expenditure by the public, this sector getting rich advantages. In India, Healthcare practice works closely with governments, funding agencies, payers, providers, and private investors, on engagements in every sector of the industry. India’s universal health plan that aims to offer guaranteed benefits to a sixth of the world’s population will cost an estimated Rs 1.6 trillion (US$ 23.72 billion) over the next four years. India is a land full of opportunities for players in the medical devices industry. The country has also become one of the leading destinations for high-end diagnostic services with tremendous capital investment for advanced diagnostic facilities, thus catering to a greater proportion of the population. Besides, Indian medical service consumers have become more conscious towards their healthcare upkeep. India’s competitive advantage also lies in the increased success rate of Indian companies in getting Abbreviated New Drug Application (ANDA) approvals. India also offers vast opportunities in R&D as well as medical tourism. To sum up, there are vast opportunities for investment in healthcare infrastructure in both urban and rural India.
India’s competitive advantage lies in its large pool of well-trained medical professionals. India is also cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about one-tenth of that in the US or Western Europe. Health care industry plays an important part in the economy of a country. The health care industry determines the GDP or the gross domestic product of any country. It also determines exports status, employment, capital investment etc. Healthcare segment provides employment openings to many individuals directly associated with the health care sector or other associated sectors, related to the health care industry in some way or the other. Dentists and doctors, Protective care and nursing, Pharmacies, Allied medical, health services, and Hospitals are the major parts of this sector. The present era is likely to be dominated by the expansion of demands in the market, increasing prices and increasing awareness among the customers. Such changes will trigger a change in the health care industry scenario for the better.
There are a number of different options for those who wish to seek a career in the field of medicine. Three such occupations are that of a physician, a registered nurse, and a radiographer. Education and experience requirements for these positions range from the completion of a certificate program to a medical school degree. This sector provides the large scale of positions and posts for each education level. from class 8th to postgraduate level aspirants works in this sector because of its massive grip on society. Degrees in medicine typically cover courses in science, mathematics, and English. There are a number of different options for those who wish to seek a career in the field of medicine. Educational qualifications for a job in medicine vary. Some occupations only require on-the-job training or the completion of a two-year program. For other medical careers, you’ll need a four-year or doctoral degree. A license is needed for most medical jobs, and each state may have different licensing and certification requirements.
Roles and Skills
The delivery of modern health care depends on groups of trained professionals and paraprofessionals coming together as interdisciplinary teams. This includes professionals in medicine, psychology, physiotherapy, nursing, dentistry, midwifery and allied health, plus many others such as public health practitioners, community health workers, and assistive personnel, who systematically provide personal and population-based preventive, curative and rehabilitative care services. Healthcare or Medical Sector is the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in human beings. Healthcare is delivered by health professionals (providers or practitioners) in allied health professions, chiropractic, physicians, physician associates, dentistry, midwifery, nursing, medicine, optometry, pharmacy, psychology, and other health professions. It includes the work done in providing primary care, secondary care, and tertiary care, as well as in public health. The healthcare industry is primarily dedicated to the study, treatment, and prevention of illness, disease, and injury, and is one of the largest industries in the county.
Sectors in Healthcare
The healthcare industry provides a variety of services to support the healthcare needs of a community or individuals. The healthcare industry classifies the different products it offers by sector. Hospitals and healthcare systems are continually changing their service offerings and responding to various internal and external forces including reimbursement issues, advances in technology, and shifts in the populations they serve. Health care services and facilities, Medical devices, equipment, and hospital supplies manufacturers
Medical insurance, medical services, and managed care, Pharmaceuticals & Related Segments are the major sectors in medical Jobs. Hospitals provide medical, diagnostic, and treatment services to inpatients and some outpatient services.Nursing and residential care facilities provide residential care combined with either nursing, supervisory, or other types of care as needed.
In India, Healthcare segment provides employment openings to many individuals directly associated with the health care sector or other associated sectors, related to the health care industry in some way or the other. There are a number of different options for those who wish to seek a career in the field of medicine. The medical field has a range of career opportunities such as physicians, nurses, trainee, resident, technicians, supervisor, Research/Scientists, and radiographers. The health care industry incorporates several sectors that are dedicated to providing health care services and products. Companies working in medical sector provides approx 19% of total employment in India. Healthcare can contribute to a significant part of a country’s economy. Healthcare systems are organizations established to meet the health needs of target populations. The Government of India aims to develop India as a global healthcare hub. It has created the National Health Mission (NHM) for providing effective healthcare to both the urban and rural population. The Government is also providing policy support in the form of reduced excise and customs duty, and exemption in service tax, to support growth in healthcare.