India has been making news as a fast-growing developing country. Government initiatives coupled with foreign investment and tie-ups has taken the economy forward by leaps and bounds. Several industries, from the educational sector to logistics and import-exports, continue to bustle with improved job opportunities, market size, and market value. The healthcare sector is one among these. Currently, it’s progressing at breakneck speed and has an estimated worth of $100 billion according to Deloitte Touche Tohmatsu. In fact, it’s expected to reach $280 billion by 2020.
There are a number of factors that have contributed to this explosive growth. With healthcare being a subject of growing concern, investments by the Indian government alone account for approximately 5.2% of the GDP – one of the highest among developing nations. And it’s not just the public sector. According to reports by the Department of Industrial Policy and Promotion (DIPP), India has received up to US $4 billion in FDIs (Foreign Direct Investments) over the last few years. As the healthcare sector continues to attract new funding, other ancillary sectors such as pharmaceuticals, research, laboratory & dialysis centres continue to grow and experience its benefits, evolving into organized industries.
Medical tourism has also played a key role in expanding the healthcare sector. According to a report by Grant Thorton, the medical tourism market in India is an estimated US $3 billion and is expected to touch $8 billion by 2020. With superior medical facilities at rates that are more cost-effective as compared to developed countries, India has witnessed a high influx of visitors seeking all kinds of treatments from chemotherapy to organ transplants and cosmetic surgery. And given this tremendous potential, private hospitals and foreign players are capitalizing on the growing trend. Top-notch hospitals and medical centres continue to expand their presence, thereby creating a market demand for trained professionals in the field.
One of India’s stronghold is a large talent pool comprising medical professionals such as doctors, nurses, physiotherapists, etc. However, these aren’t the only professions that are growing in demand. Non-medical professionals interested in well-paying careers can opt to be a part of the healthcare sector as well. Various courses such as Hospital Administration, Clinical Research, Data Management, and the like can be pursued in a reputed institute such as ICRI. Graduates in life sciences, bioscience, and engineering can find lucrative jobs in the healthcare sector by acquiring certified degrees such as an M.Sc in Clinical Research, MBA in Hospital Administration, PG Diploma in Pharmacovigilance, and the like.
With a graph line that only seems to be going upwards, the healthcare industry is one of the most sought-after in India. And for those who’d like to tap into a growing job market worth billions, now’s the time to make a move. For details, visit http://icriindia.com/