The Indian healthcare industry is gearing up for a phenomenal growth. The Indian healthcare industry is projected to continue its rapid expansion, with an estimated market value of US$ 280 billion by 2020, on the back of increased population growth in India's low income communities. Indian healthcare sector is growing at a 15 per cent CAGR to reach US$ 158.2 billion by 2017.
Large investments by private sector players are likely to contribute significantly to the development of India's hospital industry and the sector is poised to grow to US$ 100 billion by the year 2015 and further to US$ 280 billion by 2020.
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$ 25.2 billion) over the next four years.
The next decade will mark a turning point for the healthcare industry. As healthcare reform and the economy continue to present challenges, innovative advancements in healthcare information technology (IT) will provide the key not only to ensuring compliance with new legal requirements but also to reducing costs and improving patient care.
While there are few who are already ahead of the curve and etched substantial success in the industry, a number of new entrants have ventured in the recent past, striving to make their mark with innovative ideas, services and business models. A key element of this emerging healthcare success story is ‘creation of sustainable leadership’ through sharing of experiences among entrepreneurs, investors, managers and practitioners of healthcare.
To meet this critical need and create a pulsating platform for CIOs of healthcare industry to connect with each other, Governance Now is organizing Healthcare Transformation Conclave on 20th February 2015 in New Delhi. This is an effort to create awareness about incorporating the Information Technology in Healthcare Transformation. It will also focus on how the government will implement the usage of ICT in healthcare services delivery.
- Create a vibrant platform for senior industry leaders to share business experiences
- Provide opportunity of mutual learning among industry players
- Showcase existing success stories and best practices in healthcare industry
- Germinate new business ideas and winning strategies