About IBCHAM

Delivering health to India’s 1.2 billion people efficiently has always had many viewpoints, and in a healthcare deficient market like India almost every solution is useful. The sector may contribute 6% of the GDP, and be one of the largest employers in the country, but healthcare is much more than just a number.

The rising population, increasing disposable income, increasing lifestyle related health issues, cheaper treatment costs, thrust in medical tourism, improving health insurance penetration, government initiatives and focus on public private partnership (PPP) models are the major driving factors for the rapid growth in Indian Health Sector.

However, India’s booming population- one of the prime drivers of growth in the healthcare sector is likely to be the most acute challenge for health sector in term of providing them economic, adequate and expected medical facilities. Currently, 1.2 billion populations of the country is increasing with 2% annual rate. By 2030, India is expected to surpass China as the world’s most populous nation. By 2050, the population is projected to reach 1.6 billion.

Most Indian metros have hospitals with world-class infrastructure, processes and outcomes. However, 70% of the healthcare infrastructure is confined to the top 20 cities of India. In order to reach the remaining population, innovations both in healthcare products and delivery are required.

With the objective of bringing inclusiveness in health sector growth, IBCHAM (Indian Business Chamber) has decided to constitute a separate and dedicated National Council for Health Care & Medical Science to take up the emerging challenges & opportunity to achieve innovation, differentiation and profits along with take care the interest of all section of society particularly the most vulnerable society of our nation.

We are sure that IBCHAM’s (Indian Business Chamber) innovative and pragmatic initiatives will assist substantially in redefine the growth and services of country’s second largest service employer.