A specialty hospital is dedicated to specific sub-speciality care (paediatric centres, oncology centres, and psychiatric hospitals). Patients will often be referred from smaller hospitals to a speciality hospital for major operations, consultations with sub-specialists and when sophisticated intensive care facilities are required. A Multi-speciality hospital as a health care organization has been defined in varied terms as an institution involved in preventive, curative/ameliorative, palliative or rehabilitative services. It is meant to treat patients suffering from various ailments.
The overall Indian healthcare market is worth around US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a Compound Annual Growth Rate (CAGR) of 22.9 per cent. Healthcare delivery, which includes hospitals, nursing homes and diagnostics centres, and pharmaceuticals, constitutes 65 per cent of the overall market.
The Healthcare Information Technology (IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
• Apollo Hospitals Enterprise Ltd.
• B S R Super Speciality Hospitals Ltd.
• Chennai Meenakshi Multispeciality Hospital Ltd.
• Escorts Heart & Superspeciality Institute Ltd.
• Healthcare Global Senthil Multi Specialty Hospitals Pvt. Ltd.
• Satara Diagnostic Centre & Multispeciality Hospital Pvt. Ltd.