The healthcare industry is one of the fastest growing industries of the world. The industry comprises of hospitals and other associated sectors. As per a report by the body of the healthcare industry and Yes Bank, the industry, by 2012 would touch US $77 billion from the US $35 billion in November 2009, registering a growth of nearly 23%. Other economies like Brazil, China and Mexico too have registered a growth, but in the US, the industry has seen a sector wise growth of nearly 9.3. This growth is a result of the rise in healthcare facilities in the public as well as the private sectors, pathological laboratories, medical diagnostics and health insurance sector.
The healthcare industry has seen this growth as a result of the increase in demand of the healthcare facilities, both in the public and private sectors. Various business houses are now foraying into the medical care industry. In India too, several projects related to healthcare facilities are being planned and implemented. Rural healthcare sector has also seen a tremendous surge. The number of primary health care centers has improved and better medical facilities are now being made available in far-fetched rural areas.
One of the major contributors to the increasing healthcare industry is the health insurance sector. It is becoming a lucrative business opportunity for new as well as existing companies. With the costs related to medical services escalating, more and more individuals are seeking medical insurance, thereby contributing to the growth of the industry. The number of pathological labs, diagnostic centers, medical facilities and clinics has increased, thereby being in the queue for being helpful in the growth of the healthcare industry. As the industry is growing, it is creating more job opportunities. Individuals can now serve others, not only by being in the mainstream medical care-giving sector, but also by serving in the associated areas like administration, finance and management.