Promising Future for Bangalore’s Healthcare Sector

The healthcare industry in Bangalore is quite a promising and lucrative one, and efforts from both government and private sectors have been instrumental in driving innovation and growth of the market.This year (2018), the city stands at a healthcare index of 66.96 and is ranked 91 among other global destinations. Technological advancements, Social Schemes and Infused Expertise have served as catalysts to this development. Besides, today Bangalore has emerged to be one of the most potent healthcare tourism destinations in the country.

The future of healthcare sector in Bangalore seems bright and here are some good reasons to why this is so:

1. GOVERNMENT POLICIES
With the announcement of the 2018 budget, the focus has been stressed on agriculture, education, and healthcare. The union has announced the implementation of a new scheme called the National Health Protection Scheme for which over 4000 crores per year have been allocated. Under the Scheme, eligible families will get the benefit of health insurance cover of 5lakh rupees per annum. This benefit will directly trickle down to the states.

Specifically speaking of the Karnataka Govt. has set up more than 2000 primary health centers, more than 300 community health centers, and over 8000 sub-centers. With a state policy that stands for providing comprehensive and integrated service, and developing the sustainable system, the efforts of the government have been forceful.

2. PRIVATE COMPANIES
There is no doubt in the effective contributions from the private sector towards the growth of healthcare in Karnataka; Bangalore in specific. Some of the major contributors have been Fortis Hospital, Hosmat Hospital, Manipal, Columbia Asia, and Apollo Hospital Jayanagar Bangalore. Though the government’s major contributions have been towards the weaker sections of society, the private hand has effectively filled the gap and has been instrumental in offering top class medical technology and solutions for complex cases.Private hospitals have highly served towards the demand of medical specialist in the city. Among the need for expertise, the most demanded specialists are Urologist, Pediatrics, Cardiologist, ENT specialists, and Gynecologists in Bangalore. As of now private hospitals, in cumulative, offers more than 5000 beds in the city alone. And over the years we have witnessed the expansion of private companies and huge in the flow of investments from both domestic and foreign sources.

Bangalore is overcrowded with both public and private hospitals and serves not only to patients from the city but also serves to interstate and international patients. According to WHO norms still over 6000 beds are required in the city. But with major contributions from both government and private players, this goal seems to be achievable very shortly. One thing that both the players need to be conscious of is the core purpose of healthcare infrastructure, i.e. to serve the needy, or else the danger of commercialization may consume the hope of this development.

Report this Page