Impact of FDI on corporate hospitals in India a study in Delhi and NCR

Abstract

The most prominent feature of Indian healthcare is the giant role in providing the healthcare services to public at large, being played by the private sector. A major portion of secondary, tertiary and quaternary healthcare institutions is being served by private sector which is having a concentration in metros, tier II and tier I cities. The increase in number of hospitals in metros and tier II and Tier I cities has fueled the players from private sectors to make large investments which are expected to add on to the development of Indian hospital segment. newlineHospitals contribute for both inpatient and outpatient healthcare services and also support the training of health workers and research. It has been estimated that in-patient market would grow at CAGR of 13 percent while in case of in-patient market is projected to grow at CAGR of 10 percent, IBEF 2015. These statistics are in itself an indicative that Indian hospital market care is highly privatized and highly dependent on private players both from inside India and outside India for its tremendous growth. newlineOn the basis of analysis and interpretation of results, it has been observed that at large surgical patients, in corporate hospitals, have the long stay in the hospitals for their recovery and treatment. On other hand, any others type of patients require very short stay in hospitals for their treatment. It has also been observed that the patients have shown their preference in FDI hospitals for orthopedic and joint replacement, for cardiology, nephrology, and neurology in comparison general medical care and other diseases. On the basis of income group it has been observed that patient having income between 5 to 10 lakhs are the highest visitors in the FDI corporate hospitals followed by income group between 2 to 5 lakhs income. It has also been noted down that lowest visitors are patients having less than 2 lakhs. newline newline