Articles in Sector Watch

The dramatic changes in rupee value affect the billion dollar medical equipment industry. While it proves beneficiary to some it is a bane to many. Let us find out its impact on the current scenario.

With increase in the per capita income of the population, more emphasis is levied on healthy teeth and dental cosmetics. And coupled with technological advancement the dental care equipment segment is sure to witness a steep growth.

Corporate dental care hospitals may sound as a risky idea, but here’s a closer look at such dedicated hospitals running and doing well in India, and fulfilling the growing dental demands of the country.

Dentistry as a specialty has undergone massive changes and technological advancements in the recent years, which are bringing in newer treatment options and yielding better results.

In case of accidents leading to bone, cartilage, muscle, tendon, spinal cord injury, these stem cells can be used for their restoration. They can also be used in cosmetic treatments such as hair loss, skin grafting and tooth tissue regeneration.

Third Party Administrators (TPAs) are the intermediaries appointed by insurance companies who are licensed by the authority and engage in the provision of health services, thus acting as a liaison between the insurance company, the insured and the hospital.

The health insurance industry holds a huge potential in India, and the influx of private health insurance companies in recent years shows the growing awareness and demand of having a health cover among patients.

According to the World Health Organization (WHO), the number of blind people in India in 2000 was estimated to be 18.7 million, of which for 9.5 million blindness was cataract-related and for 3 million, refractive error-related.

Kolkata being the biggest city and the only metro in the eastern region is supposed to be the highest point of summation for all regional needs, including healthcare. Despite having ‘good’ private healthcare infrastructure (including some of the biggest brands) the city is ‘leaking’ regional patients to the other metros.

Terri Bresenham, President & CEO, GE Healthcare India and Managing Director, Wipro GE Healthcare highlights GE Healthcare’s business focus for the Indian market. Excerpts.