Trends in Health Sector in India

Over the years, there has been a major increment in growth in the Indian health industry. This can be attributed to the increasing participation of private players in the sector, innovations and rising coverage. Much of the growth has been channeled out to create more jobs.

Health Sector India

The Indian healthcare market which is now valued at $100 billion is anticipated to witness a growth rate of 23% up to $280 billion by 2020.

The industry has been expanding at a tremendous rate and is currently the 3rd largest employer in India. This sector has created jobs way faster than the other sectors. Statistics reveal that every hospital bed goes on to add direct employment for 5 people and indirect employment for 25 others. The sector is definitely leveraging its growth potential and engineering the employment process in the country.

Medical tourism has been propagated by the advent of multi-speciality healthcare, treatment packages and diagnosis at cheap rates without any compromise on the quality of service provided. All this has set off a widespread rise in recruitment and acquisition of a skilled workforce.

The core domains in this sector include:

• Public Health Management

• Core Public Health

• Public Health Engineering

• Social and Preventive Medicine

• Veterinary Public Health

• Maternal and Child Welfare

• Nutrition

• Health Education

• Community Health for Nursing Professionals

• Industrial Health

 

As all the sectors need a certain skill-set, this sector too has certain pre-requisites.

Educational requirements: You need atleast a bachelor's degree in healthcare administration with any specialization. In order to advance, you need to graduate and occasionally do internships to gain experience.

Problem solving skills: These skills are vital because a lot of complicated situations that call for a creative and rational approach may arise.

Technology skills: These are very important so that you get used to different kinds of software. Most hospitals now use Electronic health records software for which you need technological skills.

Legal knowledge: Understanding the different regulations in the healthcare industry and keeping up with new laws and policies is important.

Management skills: Regardless of the size of the team you'll be managing, you'll need to be able to organize their daily duties as well as other tasks.

 

Various reports state that the need for over 700,000 trained professionals from the field of healthcare and hospital management will crop up. This need can be segregated into following sub-domains:

1. Private Hospitals

2. Medical & Dental Colleges

3. Multi-speciality Hospitals and Clinics

4. Super-speciality Hospitals and Clinics

5. Blood Bank Nursing Homes

6. Pharmacy Health Centers

7. Government Hospitals

8. IT Companies providing healthcare solutions

9. Rehabilitation Clinics

10. NGOs

Even now, there is a requirement of numerous courses which include health policy, healthcare financing, environmental health, mental health, health economics, advanced epidemiology, entomology, health informatics etc.

So, how does the future look like?

The future holds a lot of potential for new avenues in the health sector. These include job positions like Nuclear Medicine Technologist, Medical Equipment Repairer, Health-and-Wellness Educator etc.

Startups are mushrooming in the sector and through a blend of Artificial Intelligence and machine learning with age-old practices, they've given a fresh face to the industry while in the process triggering the generation of more jobs. There is also the spread of robotics and video analytics, visualization software by which radiologists can conduct scans, personalized medicine etc.

Several reports have asserted that the country's healthcare workforce will double from its present number of 3.6 million to a staggering 7.4 million in 2022.

 

What needs to be done right now is to make stakeholders enjoy a healthy partnership with the government and turn India into an innovation hub for low-cost services and products. Bridging the gap between the urban and rural populace should be another priority. This whole process can lay the foundation of a huge job creation period where an additional 15-20 million jobs can be created by 2025.