There could not be a better time for the hospicare and wellness industry in India. The union government has in the 2018-19 budget announced the world's largest government funded medicare with insurance package. The National Health Protection Scheme as it is called, will cover over 10 crore poor and vulnerable families. Crores of India's middle-class population already have a large number of options available. The HNIs, coroporates and wealthy class avail the best opportunities that money can buy, not just in the country, but also abroad. Life expectancy and mortality has also increased manifold.
INDIA HOSPICARE + HEALTH comes at a time when millions of Indian and foreigners are seriously looking at Indian supremacy in the latest treatment and state-of-the-art medicare facilities. Mumbai is arguably the best in the country, excelling not just in modern hi-tech multi-specialty hospitals, but also equipped with world class equipment, executed to perfection by some of the world's best medical professionals. The prices too are cost-effective and competitive, leading to thousands of patients who suffer from critical illnesses to rush to this metropolis. Mumbai as the urbanized, business and commercial capital is home to the rich and famous. It is the most well connected city making it the most suitable city to host an event of this magnitude.
India has a government that has ushered in an era of liberalization, globalization, investment and reforms from which there is not turning back. The country is the world's fastest growing nation and the concept of not just health, but also wellness and fitness is booming. Lakhs of next-gen Indians not only have very high disposable incomes but see value in investing in personal health and that of their families. The benefits of insurance & medi-claim is well know and extensively utilized. The focus in also on preventive healthcare, nutrition, fitness, organics and personalized services. Even AYUSH treatment is covered under insurance.
This has led the government and private sector to invest heavily into ultramodern infrastructure, medical electronics and technologies to deal with the rapidly demand. India's pharmaceutical and traditional medicinal (Ayurveda, Unani, Yoga & Related Therapies) industries have added to the boom attracting millions from overseas for treatment and wellness. Add to this, India's strengths in utilizing its highly trained human resources and clout in information technology, computer hardware, back-office operations, tele-medicine, software and robotics.
Millions of Indians and international tourists with lifestyle diseases, chronic-critical medical conditions, increased awareness of healthcare possibilities and looking forward to wellness and medical tourism are rushing to medi-cities and rehab-rejuvenation centers across the country. Mumbai, like other Indian cities has advantage of multiple options for various income groups with a focus on early detection and action. Non Communicable Diseases (NCDs) have emerged as major public health concern leading most state governments to make available the latest developments at affordable prices
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