HEALTHCARE
“Pahla Sukh Nirogi Kaya” Or ‘Health Is Wealth’Everyone wants to be healthy in life but there are various factors which are affecting the health of human like pollution, poor dieting habit, sedentary lifestyle and malnutrition etc. Apart from age born dieses and epidemic there are so many reasons which is creating a huge requirement of healthcare service. Be it revenue or employment Healthcare in India has become one of largest sectors. It covers very wide area like Hospitals, Medical Devices, Clinical Trials, Telemedicine, Medical Tourism etc. Health care is typically a broad term that is used to describe a variety of careers that cater to health services. Primarily healthcare industry spreads into following 6 Segments.
⇒ Hospitals
Apart from Govt. hospitals it includes small nursing homes, mid and large size hospitals.
⇒ Pharmaceuticals
It includes manufacturing, extraction, processing, purification and packaging of chemical materials to produce medicines for human or animals.
⇒ Diagnostics
It includes laboratories that includes various kind of diagnosis process and analyzing body condition.
⇒ Medical Equipment
It includes manufacturing and supply for different devices to be used for medical use during treatment or diagnosis etc.
⇒ Medical Insurance
It covers reimbursement of expenses incurred during hospitalization of individual for medical treatment purpose.
⇒ Telemedicine
This is burgeoning segment of healthcare under which medical help is being provided remotely and it manage distance constraint for patient.
India competitive advantage lies in its large pool of well-trained medical professionals. India is a very cost effective and competitive healthcare destination from medical tourism point of view in compared to its peers in Asia and Western countries. For example, the cost of surgery in India is about one tenth of that in the US or Western Europe. India experiencing 22-25% growth in medical tourism. All these creating a burgeoning market and India has attracted many FDI as well which helps in augment of healthcare industry. The healthcare market can increase three-fold to Rs 8.6 trillion (US$ 133.44 billion) by 2022. The job in Healthcare is very popular among graduates and always considered as white-collar job. The thriving healthcare segment offers some of the best career opportunities across globe. If you are seeking a personally and financially rewarding occupation, consider the healthcare industry. It offers a variety of compelling reason to join the industry and the best part is they all come with and appealing benefits that just might catch your interest, following are few of them.
⇒ Earning that is above average than other career option
Indian healthcare industry is still under penetrated. It is estimated that India will require 2.07 million more Doctors only by 2030 in order to achieve a doctor to population ratio of 1:1,000 and not to say of other support role. So, ideally higher the demand is likely to convert into higher pay package.
⇒ High recognition
When we talk about any career, the first name which is coming is Doctors / Engineers so such jobs are always regarded as high socially recognized job.
⇒ Lifetime earning opportunity
When there is retiring time line with age in most of the professions medically associated people have prospect to earn till last breath.
⇒ Growing population
With growing population new market is opening and increasing the demand of healthcare.
⇒ Essential service and recession proof
While budgeting anyone can curtail the other cost, but it is difficult to minimize the health budget whatever may be the economic situation. This is routing more money to healthcare industry and adding into growth.
Healthcare industry deals with the life of individual so here the demand of high-class mind is always there and if you feel yourself among them and your are flexible in working hour, you may opt for the career in this industry.