The healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provide goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.
The Healthcare Sector comprises of:
✅ Hospitals, Diagnostic Centres, Pathology Labs, Equipment Manufacturers, Medical Supplies Vendors, Medical Tourism, Telemedicine Service Providers, etc.
✅ It is one of the prominent contributors to India’s GDP.
✅ It attracts large number of domestic as well as international players.
✅ India has become an attractive destination for Medical Tourism, Clinical Studies, Research and Development Programs.
✅ There is massive growth potential and scope for expansion.
✅ Between 2010 and 2020, healthcare occupations will increase from 10.1 million to 19.1 million jobs.
✅ There will be 5.6 million healthcare job openings between 2010 and 2020.
✅ Healthcare sector has progressed at an impressive pace over the past few years; during 2008–17, the market is expected to record a CAGR of 15.0 per cent. By 2017, the total industry size is expected to touch 30.5.
✅ You may be employed in some MNC's as service engineers, sales executives or application specialists.
✅Some of renowned big MNC companies are – Siemens, GE Healthcare, Philips, Samsung, Toshiba, Shimadzu, Stryker, Fujifilm, Agfa, Care stream and others.
✅ You can work as a research and development engineer as well in major OEM medical equipment and devices manufacturing companies.
✅ You can work as a biomedical engineer in the hospitals like – Fortis, Apollo, Max, and others.
✅ You can be a biomedical entrepreneur and startup your own manufacturing unit, service provider or facility management business.
