In the recent times, Indian healthcare has suddenly become the center of a socio-political vortex.
Whilst unmet opportunities exists in abundance, and though there has been significant increase in healthcare infrastructural capacity – primarily in the private sector, if the growth is maintained at this rate and without meaningful spending of public funding to strengthen our healthcare delivery, India would continue to fall short of WHO recommended bed ratio.
Compounding to the above is also the fact that our medical education system produces too few doctors, nurses and paramedics, to be able to create the resourcing to scale-up the market needs.
Silhouetting the healthcare delivery system of India, exists the roughly $7 billion medical technology sector. The erstwhile robust sector is suddenly plunged into such complications as price control, being clubbed together with pharmaceuticals and a tentative top-end private hospital segment.
However, it is a reality that extreme complexity appears almost inherent with Indian-ness; and it is from this maxim that I derive that the future is one with hope and opportunity.
Urbanisation, lifestyle changes, proliferating non-communicable disease, and a large birth quotient – all of these factors would further increase the opportunity for all stakeholders to serve Indian patients with quality and global best healthcare.
To realise the opportunity, what is needed are the following:
This will scale access and market size, a huge necessity, since plainly put, we are too small a healthcare market for the size of our population. We have to be a bigger sized market place.
In summary, we have loads to do, and a short time to do it in. What we must do is collaborate, bring down the trust deficit, kill silos and create global interdependencies.
What we cannot do is waste another decade in retrograding the advances made by technology and private sector exuberance.