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Wednesday, 1 June 2011

Why choose healthcare sector as a Career

The Indian healthcare sector has been growing rapidly and is estimated to worth of $ 40 billion USD, by the year 2012. It contributes 5.2% on the GDP making it the third largest growth sector in India.  The healthcare market has grown up to US $ 22.8 billion in the year 2005 at a CAGR of 16% and is expected to grow up to $50.2 billion by 2011 and US $ 78.6 billion by 2016
The private players are increasing their foot hold in this sector, as nearly 90% of the growth will come from private hospitals and further the private hospitals in the country are expected to rake in $ 35.9 billion in 2012 compared to $ 15.5 billion in 2006. 
India has the fastest growing healthcare sector in Asia with an expected growth rate of 22% followed closely by China and Vietnam. In fact Indian healthcare technology is poised to be worth more than US$ 254 by 2012. In the year of 2007 the healthcare sector attracted US$ 379 million in 2007 which is 6.8% of the total private equity investment. 

The growth and future of this sector is bright and as a result there are lots of career opportunities in this field, with a lot of growth potential.

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