Friday, April 13, 2007
$ 50 B
Exciting Business Models Power Growth
When I wrote on the 1st of Jan, I made a resolution that there would be regular posts from my side. But obviously, I have not been able to stick to that. Surely not for want of action in the healthcare space. If anything, this space is getting hotter by the day. Not a day goes past without the media reporting about some new activity, some days there are more than a couple of stories. New businesses, new models for existing businesses, we are seeing it all. Just the other day, I was driving on Bannerghatta Road in Bangalore. I crossed the new Apollo Hospital, which has a partnership with Johns Hopkins Hospital. Next door is the new Wockhardt Hospital that sports a tie-up with Harvard Medical. Just a few kilometers from these, Dr.Devi Shetty is building the Narayana Health City for which his list of colloborators includes global healthcare leaders like Kiran Mazumdar Shaw.
Couple of weeks ago, I was at a Healthcare Tourism Conference in Cochin, and there must have been more than 200 delegates, many from outside India, and the energy levels were so high. Every one seemed confident that the growth rate of this business segment would exceed the projections made in that bible for the Indian Healthcare sector-The CII-Mckinsey Report 2002.
Another aspect is the pace at which healthcare businesses are growing. In today's Economic Times there is a story about how Dr.A.Velumani of Thyrocare (I have written about him earlier) has grown his company to revenues of Rs.65 Crores in a matter of just 12 years. An interesting business model within the diagnostics business has helped him post 100 % year on year growth several years running.
Looking around, I get the feeling that India Healthcare may get to the $ 50 B mark ahead of 2012.
When I wrote on the 1st of Jan, I made a resolution that there would be regular posts from my side. But obviously, I have not been able to stick to that. Surely not for want of action in the healthcare space. If anything, this space is getting hotter by the day. Not a day goes past without the media reporting about some new activity, some days there are more than a couple of stories. New businesses, new models for existing businesses, we are seeing it all. Just the other day, I was driving on Bannerghatta Road in Bangalore. I crossed the new Apollo Hospital, which has a partnership with Johns Hopkins Hospital. Next door is the new Wockhardt Hospital that sports a tie-up with Harvard Medical. Just a few kilometers from these, Dr.Devi Shetty is building the Narayana Health City for which his list of colloborators includes global healthcare leaders like Kiran Mazumdar Shaw.
Couple of weeks ago, I was at a Healthcare Tourism Conference in Cochin, and there must have been more than 200 delegates, many from outside India, and the energy levels were so high. Every one seemed confident that the growth rate of this business segment would exceed the projections made in that bible for the Indian Healthcare sector-The CII-Mckinsey Report 2002.
Another aspect is the pace at which healthcare businesses are growing. In today's Economic Times there is a story about how Dr.A.Velumani of Thyrocare (I have written about him earlier) has grown his company to revenues of Rs.65 Crores in a matter of just 12 years. An interesting business model within the diagnostics business has helped him post 100 % year on year growth several years running.
Looking around, I get the feeling that India Healthcare may get to the $ 50 B mark ahead of 2012.
# posted by Srivathsan @ 8:10 PM 
