Healthcare Services Industry - India

The last decade has been witness to the gianthealthcare facilities are owned and run by
strides taken by the Indian healthcare scenario,for-profit companies and non-profit or charitable
towards modernization and development- goneorganizations.
are the days when those who could afford it hadIn the earlier era, the high custom duties imposed
to travel abroad to get highly specialized servicesby the government on imported medical
such as cardiac surgery, while others had to doequipment was a big deterrent to set up private
without it.hospitals offering specialised medical care using
Today, patients from the developed Westernstate of the art equipment, usually imported from
nations are coming to India to receive specializedabroad. As a result, there were very few
medical treatment. Not only is India meetingprivately run large hospitals but there were many
international standards, but at prices that comparesmall private practitioners who provided primary
very favorably with developed countries.and secondary care.
In India, healthcare is delivered through both theThe low level of medical insurance was another
public healthcare system and the private sector.major problem faced by the private hospitals -
The public healthcare system consists ofnot having insurance meant that the patients had
healthcare facilities run by the central and stateto pay for the treatment from their own pockets
governments, which provide services free of costand not everyone could afford the high costs of
or at subsidized rates to low-income families inprivate healthcare.
rural and urban areas. In the private sector,