
Every year, the world celebrates its “World Health Day” on 7th April, under the sponsorship of the World Health Organization. This year, the organization celebrated the day focusing on the safety of health facilities and the willingness of health workers who take care of people who got affected by emergencies. However, the question is --has Indian Health scenario changed as it was expected to be? Certainly, we all have an answer and it’s very true that still lot need to be done to improve the Indian Health Industry.
According to a recent report submitted by Save the Children in India, more than half of children whose are under the age of five do not get the health care they require. In fact the country along with Ghana when it comes to offer the basic health care to its children under five years of age. Looking at whether developing countries are actually delivering health care effectively to children, it found that even country like Philippines was performing best with almost 69% of children able to get access to health care. The report, known as the State of the World's Mothers, states that girls die at much higher rates in India than most countries. Besides this, India’s maternal mortality rate (MMR) stands at 450 per 100,000 live births against 540 in the 1998-99 period and way behind the Millennium Development Goals (MDGs) which call for a reduction to 109 by 2015, the United Nations Children’s Fund (UNICEF) said.

Nevertheless, looking at the other side of the coin—Indian Health sector is considered to be one of the major booming sectors of India and all set to grow exponentially and with its inherent qualities can become the global hub for healthcare services. It has undergone through a period of relative transition, registering a 12% annual growth rate. Enjoying its ride on the current growth speed some leading experts even predicts the market expansion of over US $25 billion by 2010.

One of the major problems of this industry is an acute shortage of trained personnel, ranging from doctors, nurses, technicians and even healthcare administrators. Besides this, it is also expected that by the year 2012 there could be a shortfall of over 450,000 doctors. However, such challenges even offer a better opportunity for both domestic and foreign players in the form of ‘training & education’. It offers perfect opportunities for foreign players to enter the market to take a two-fold advantage. First, they can get a piece of the booming education sector and second, they can source some of the talent for their own countries as human resources shortage in healthcare.
The growth has created various areas of opportunities for investors. As per recent report given by FICCI-Ernst and Young (E&Y) :
• The medical equipment industry is around US$ 2.17 billion and is growing at 15 per cent per year. It is estimated to reach US$ 4.97 billion by 2012.
• The medical textiles industry is projected to double to reach US$ 753 million by 2012.
In last few years the increased importance given to medical and technical education by the Government has also resulted in a qualified labour force. There has been a significant growth in stem cell biology, biofuels, and bioinformatics, while rigorous R&D efforts continue to aid in the development of advanced treatment for several debilitating diseases.