Key Points
The major growth hurdles for the Indian healthcare sector remain the lack of accessibility and affordability for the middle- and lower-income groups, with few quality beds available in the country, industry experts said at the Mint Healthcare Summit..
. There are around 2.8 million hospital beds in the country, including both private and public, [which means] we have around 1.7 beds per 1,000 people..
Vivek Srivastava, co-Founder and CEO of HCAH India, added, To address the access, affordability and standardized outcomes problem, we need quality at scale..
Acknowledging the issue, Om Prakash Manchanda, managing director, Dr Lal PathLabs, added that the problem cannot be solved completely, but there is a huge opportunity for everyone to address it by building up the scale of the industry..
On insurance penetration, Aryaman added, Health insurance in India is a dumbbell-shaped market where on the lower end, with Ayushman Bharat, CGHS, etc, we've already reached a good insurance level, with per-capita coverage of close to $1,000 a year..
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