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Home / India News / 2007 / May / May 21, 2007
Emerging Healthcare Hotspots 2007: Addressing Challenges and Opportunities

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Emerging Healthcare Hotspots 2007: Addressing Challenges and Opportunities

Mumbai, Maharashtra, India

The Indian Healthcare Industry has been exhibiting impressive growth for quite some time now and is showing no signs of slowing its pace of development. Imagine Year-On-Year (YOY) growth rates of over 20 percent across all component market segments. Future investments of around US $2-3 billion are expected in the next three years and a growing focus on the country as THE Destination for cost optimization of healthcare value chain components - setting-up of innovation centers, design centers, healthcare service facilities and manufacturing services! All of these make the Industry one of the most happening sectors in the country today. Early entrants, recent market participants and fence sitters across the various segments of this industry are keenly eying this market for developing, penetrating and leveraging the immense opportunity it offers.

The growth movement is made unique by simultaneous triggers from end-user demand, aggressive expansion plans by providers of services and equipment, significant initiatives through innovative reimbursement / insurance product launches by payers; and policy initiatives by the Government.

The most significant change brought in by this growth is the evolution of Indian healthcare beyond metros and major cities to feed the growing need for standard / state-of-the-art healthcare across smaller cities and towns. As infrastructure development plans spill over into these emerging healthcare hubs, they bring with them growth in the demand for technologies and trained manpower. Consequently, issues pertaining to investment options; equipment operations and maintenance; growth, expansion and retention of trained talent are expected to follow suit as well - thus creating new challenges in the adoption of healthcare standards in the emerging healthcare hubs. "The critical success factor for the Indian Healthcare industry today in its effort to go beyond metros into towns and smaller cities would be in developing innovative alliance models that harness individual stakeholder strengths to combat challenges typical to these locations. These could be a liaison between CROs investing beyond current sites into select towns / cities and diagnostics / equipment providers addressing these markets or between a corporate hospital group and several mid-sized hospitals to emerge as a hub and spoke model that leverages local service capabilities with corporate / professional management capabilities," says Jayashri Kulkarni, Director, Healthcare Practice for Frost & Sullivan in South Asia and Middle East.

It has always been Frost & Sullivan's endeavor to address the most prominent issues plaguing the healthcare industry. Continuing this endeavor Frost & Sullivan is proud to host a one-day, multi-city summit titled "Emerging Healthcare Hotspots - Addressing Opportunities and Challenges." The multi-city summit will be held on 21st July at Coimbatore, 8th August at Jalandhar, 25th August at Hyderabad & 6th October at Aurangabad. The conclave aims to bring together all the key stakeholders critical in the development of solutions for concerns emerging in the upcoming and future healthcare hubs, as well as providing a platform to leverage opportunities arising in these geographies. It will thus strive to bring together key decision makers from medical equipment companies, Government regulatory bodies, corporate hospitals, mid-sized hospitals, and financial institutions to draw out a roadmap for combating the expected / arising challenges and allow for a smoother transition of opportunity utilization for all.

According to Swati Chaudhary, Senior Industry Analyst at Frost & Sullivan, "The latent demand in peripheral areas, if tapped effectively, can help quality healthcare penetrate to the bottom of the pyramid. The summit will address the entire gamut of operational and management issues starting from reimbursement schemes, regulatory challenges, investment options, periodic equipment upgradation and maintenance and availability of trained manpower". The convention would encompass exchange of best business practices that foster the growth of the healthcare sector across the country. The summit will unveil various business models that would help overcoming hurdles that hamper the evolution of healthcare services in smaller towns and cities.

Some issues expected to be covered during the summit include:

-- Presentations on issues affecting peripheral hospitals by the medical industry, Government departmental heads and corporate hospitals

-- Interactive panel discussions with key decision makers in the medical equipment industry, Government and corporate hospitals, providing an opportunity to voice concerns

-- Sharing success stories of growth options for hospitals through case studies

-- Exploring additional opportunities for revenue generation

Frost & Sullivan invites you to be a part of this exciting summit

About Frost & Sullivan:

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 45 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

sthomas@frost.com niyer@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on May 21, 2007

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Emerging Healthcare Hotspots 2007: Addressing Challenges and Opportunities
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