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Healthcare Life sciences

Overview

The healthcare sector is increasingly achieving positive revenues globally, helped by buoyant growth in emerging markets. India is at the hub of its growth, the country emerging as a leader in healthcare innovation, healthcare start-ups, and research.

Healthcare spending has risen with a rise in awareness levels and easier accessibility to quality healthcare. India is now widely being recognized as a destination for world-class healthcare.

Affordability is a key factor that has been spurring the growth of the Indian healthcare sector. Indian drugs are available at an affordable price when compared to markets globally. The country is now one of the hubs for medical tourism with world-class hospitals and facilities available at a fraction of the international cost.

The Healthcare Sector in India: A Snapshot

Key Stats
  • The Indian healthcare sector, growing at a rate of 23%, is expected to touch US$280 billion by 2020
  • Healthcare delivery, including hospitals, nursing homes, and diagnostics sectors, in particular, occupy a giant share of 65% of the Indian market
  • The Indian medical tourism industry is expected to reach US$ 6 billion by 2018
  • The opportunities in this sector have attracted foreign direct investments (FDI) of US$4.09 billion in the period ranging from 2000 to 2016
Challenges
  • Intense price pressures in a competitive market Shifting demographics
  • Poor infrastructure often leads to excess operational costs
  • Unequal access, lack of standards, and rising costs are dragging down the growth of the healthcare industry
  • Lack of collaboration and cohesiveness between the public and private sectors
  • Lack of effective payment and insurance mechanisms
Trends for the future
  • Healthcare start-ups will bridge the gap between accessibility and availability
  • Numerous start-ups are now bridging the gap between healthcare and technology
  • There will be increased innovations in product technology, service delivery, and operating models
  • The healthcare sector will see radical consolidation

Selective Consultants in the Healthcare Sector

Selective Consultants understands that it needs to support its clients in addressing the challenges that impact today’s healthcare sector.

We know that the industry needs professionals who can handle these challenges. That’s precisely where we come in. Brain drain is a serious issue in this sector as many qualified healthcare professionals work overseas.

But we know where to find these professionals. We know how to guide them. We know how to bring out the best in people. When it comes to health, we know that there is simply no compromise.

Our Expertise

  • Equipment & Services

  • Pharmaceuticals

  • Manufacturing

  • R & D

  • Medical Devices

  • Hospitals

  • Healthcare Facilities

  • Diagnostic Services

  • Medical Technology

  • E-Health

  • Insurance & Services

  • Biotechnology

How We Help

  • Our global network of consultants work with clients in developing innovative hiring solutions to help them achieve their business objectives
  • Our consultants not only have extensive experience across the industry but also strive to keep abreast with the latest industry trends, drivers, and issues through knowledge sharing sessions and insight programs
  • We help organizations manage the critical business challenges that arise from attrition by tapping into our vast database of skilled professionals
  • We seek leaders who can help organizations achieve greater confidence in today’s changing environments
  • We provide custom solutions that maximize your chances of success with a tailored, multi-disciplinary team of professionals that fits your organization’s culture and business requirements