A medical college is meant to impart education of medical field to students to qualify them as doctors in different specialized disciplines so as to treat patients suffering from various ailments. Doctors with their dedicated spirit serve the nation at large by providing medication and treatment for eradication of diseases, which exchange health and add suffering to humanity.
Medical College means an institution, whether known as such or by any other name, which provides for a programme, beyond 12 years of schooling, for obtaining recognized MBBS qualification from a university and which, in accordance with the rules and regulations of such university, is recognized as competent to provide for such programmes of study and present students undergoing such programmes of study for the examination for the award of recognized MBBS/PG Degree/Diploma qualifications.
A hospital as a health care organization has been defined in varied terms as an institution involved in preventive, curative/ameliorative, palliative or rehabilitative services. Hospitals, these days, also provide bio-social research; teaching and training facilities for all members of the hospital, and a health team which includes not only doctors and nurses, but also para-professionals, paramedical, pharmacists, etc.
Increasing negligence by the doctors of these hospitals and the overcrowding in them gave opportunity to private hospitals to have a good business. No. of private hospitals began to come in light with all facilities for E.C.G.S, X-Rays, Laboratories, 24-hours emergency and admission facilities for ill persons, seriously injured and pregnant ladies. The medium class and high-class families started preferring these private hospitals and nursing homes as one's life is considered to be much costly and expenses for treatment can be neglected.
The Colleges and Universities industry is expected to exhibit steady growth. High unemployment and dire economic conditions caused more individuals to pursue higher education to boost their competitiveness in the job market; the steady growth of high school retention rates also increased college enrollment. Over the next five years, IBIS World projects industry revenue will increase due to steady demand for higher education.
Indian healthcare sector, one of the fastest growing industry, is expected to advance at a CAGR of 22.87 per cent during 2015–2021 to reach USD280 billion. There is immense scope for enhancing healthcare services penetration in India, this presents ample opportunity for development of the healthcare industry.
India is a land full of opportunities for players in the medical devices industry. The country has also become one of the leading destinations for high-end diagnostic services with tremendous capital investment for advanced diagnostic facilities, thus catering to a greater proportion of population. Besides, Indian medical service consumers have become more conscious towards their healthcare upkeep.
Indian healthcare sector is much diversified and is full of opportunities in every segment, which includes providers, payers, and medical technology. With the increase in the competition, businesses are looking to explore for the latest dynamics and trends which will have positive impact on their business. The hospital industry in India is forecast to increase to Rs. 8.6 trillion (US$ 132.84 billion) by FY22 from Rs. 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16–17%.
Key Players
1. A V P Research Foundation
2. Aakash Educational Services Ltd.
3. Adani Hospitals Mundra Pvt. Ltd.
4. Apple Hospitals & Research Institute Ltd.
5. Artemis Medical Institute & Hospitals Pvt. Ltd.
