Medicine: The Cutting Edge ; State of the Art Hospitals, Groundbreaking Research and Major Government Reforms Are All Changing the Face of Healthcare Industry in India.

Summary

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Last year, as the investment bankers got sacked and the outsourcing industry floundered, there was one field which flourished and did some groundbreaking research-the Indian healthcare industry. Currently estimated to be a USD 35 billion industry, it is expected to reach USD 150 billion by 2017. Concurrently, investment in research and development in medicine is expected to grow if India has to keep up with the international competition. Cutting edge research is already taking place in areas such as stem cells, molecular diagnostics, clinical proteometrics and genomics. So whether you are interested in practice or R&D, the career graph of medical aspirants certainly looks upbeat.

The impetus behind this surge is the growing economy and an increasingly aware urban population. "There are four factors changing the face of medicine - corporatisation, availability of high-end technology, rise of medical insurance and rigorous government initiatives in rural India," says Dr Dilpreet Brar, regional director, Max Healthcare. The low cost of medical treatments and the mushrooming of high-end hospitals all across the country have ensured that medical tourism grows at an unprecedented rate. It is, in fact, the fastest growing segment of the tourism industry. India's share in the medical tourism pie is expected to increase steadily in the next few years, and by 2012 nearly 1.1 million foreigners will flock to India for medical treatments.

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Medicine: The Cutting Edge ; State of the Art Hospitals, Groundbreaking Research and Major Government Reforms Are All Changing the Face of Healthcare Industry in India.

To keep abreast with the bullish industry, the best medical colleges continue to upgrade their teaching methodology. All India Institute of Medical Sciences (AIIMS), indisputably our best medical college and research institute, zealously adheres to its motto of providing not just sound training but also ingraining ethical principles in their students. "With rising expectations from the medical community,...

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