Chapter III Health care Aspects & Selected Hospitals of Ahmednagar District

3.1 Introduction This chapter presents a socio elaborates in detail about economic overview of the study area which is Ahmednagar district. It also highlights the brief profile of private hospitals selected for the study. The Indian healthcare sector, growing at a rate of 15% is expected to touch $250 billion by 2020. In the last two decades, India’s health system has undergone a major transformation from being a vague way, social sector supported by the Government to $60 billion industry (in FY 2011-12). With the ever-evolving policies, processes, and capabilities and the given magnitude and complexity impacting the sector, smart health care is not going to come easy. 2018 outlook reviews the current state of the health care sector; explores trends and issues impacting health care providers, governments, other payers, and patients; and suggests considerations for stakeholders as they seek to deliver high-quality, cost-efficient, and smart health care. According to Deloitte Touche Tohmatsu, India has predicted that with increased digital adoption, the Indian healthcare market, which is worth around US$ 100 billion, will likely grow at a CAGR of 23 per cent to US$ 280 billion by 2020. The healthcare market can increase three fold to US$ 372 billion by 2022. India is experiencing 22-25 per cent growth in medical tourism and the industry is expected to double its size from present US$ 3 billion to US$ 6 billion by 2018. Medical tourist arrivals in India increased more than 50 per cent to 200,000 in 2016 from 130,000 in 2015. The Healthcare Information Technology (IT) market is valued at US$ 1 billion currently and is expected to grow 1.5 times by 2020. Over 80 per cent of the antiretroviral drugs used globally to combat AIDS (Acquired Immuno Deficiency Syndrome) are supplied by Indian pharmaceutical firms. There is a significant scope for enhancing healthcare services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) is rising. Rural India, which accounts for over 70 per cent of the population, is set to emerge as a potential demand source. A total of 3,598 hospitals and 25,723 dispensaries across the country offer AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy) treatment, thus ensuring

84 availability of alternative medicine and treatment to the people. In 2017, the Government of India has provided grant-in-aid for setting up of AYUSH educational institutions in States and Union Territories.

3.2 Recent Aspect in Health care sector Internet of Thing in Healthcare Sector: In the coming years, it is anticipated that many healthcare providers will adopt IoT-based asset tracking and inventory management system in hospitals. This is expected to improve patient's safety, staff satisfaction and operational efficiency. The rise of IoT will also support providers and organizations in making operational decisions and will aggregate as well as integrate data thorough IoT-enabled platforms. It will provide a new foundation for gaining insights into hospital operational, asset management and human resources management, thus, enabling optimization of assets and reduce operational costs. With the rise of the Internet of (Medical) Things (IoMT), mobile and wearable devices can be used to identify the risk factors and provide preventative treatment to the patients. It can be used to predict healthcare trends and problems. The visualization of clear and concise clinical action that provides value to the patient, physician, and healthcare system will emerge as an effective solution. Patients can also share their experience about their care and the procedures at the hospital during the treatment, how the staff and hospital work, etc. They will engage themselves more with their care providers with the help of technology as it will enable them to measure, collect and share their experiences. The personalized patient data is important for clinicians to keep patients engaged to ensure continu