The Indo-Global Healthcare Summit & Expo on innovations and advances will be held in the city from June 20 to 22nd. It will be jointly organised by the Indus Foundation, Indian Medical Association, Government of Andhra Pradesh and the Federation of AP Chambers of Commerce and Industry (FAPCCI).
Addressing a press conference here on Tuesday, SB Anumolu, President of The Indus Foundation, New Jersey, USA, said that the Summit & Expo is a unique event for identifying and sharing successful innovative models of healthcare delivery from around the world. The event is the result of extensive work with healthcare entrepreneurs to understand the needs in healthcare delivery. The event will help professionals, entrepreneurs, industry players, investors and global institutions to collaborate for taking advantage of the latest innovations and advances, he said.
“I have been an invited speaker at many Indian medical conferences. But I think the Summit that you are organizing is truly unique and very important, as it has the potential of changing Indian Healthcare for the better. You deserve great credit for this effort.”, Dr. Sanjay P. Singh, Chief of Staff, Creighton University Medical Center, USA informed while confirming his participation in the event.
The Summit is organised in the backdrop of Indian healthcare industry growth at a rapid pace and it is expected to grow from a US $ 70 billion now to US $ 145 in 2017 and to US$ 280 billion industry by 2020. It recorded a phenomenal 12 per cent growth in last four years, informed retired IAS and Indus Foundation Chairman CD Arha.
Dr. Kakarla Subba Rao touched up on the innovations and advances in Healthcare. He defined health as not just lack of disease, but Physical, Mental, Moral, Social and Spiritual well being. As per the Vision document 2020, the Government’s responsibility is to change sickness services to health services by providing: Clean air; Potable water; Nutritious food; Hygiene, sanitation and Healthy environment.
Nearly one million Indians die every year due to inadequate healthcare facilities and 700 million people have no access to specialist care. Nearly 80 per cent of specialists live in urban areas, he informed.
Even on manpower front too, India would require investments of up to US$ 20 billion over the next 5 years to reach world standards. Currently, we produce 250,000 doctors annually in the modern system of medicine. A higher number of nurses and para-medical professionals and practitioners of Indian Systems of Medicine and Homoeopathy are also produced. But, manpower shortage will remain for several years to come.
The highlight of this long awaited event is its magnitude. It is the most comprehensive healthcare event of its kind ever held in India with the participation of around 4000 decision makers. The number of scientific sessions is as many as 60 with speakers from all over the world.
The Indian healthcare sector has emerged as one of the largest service sectors in India. Healthcare spending contributes 8 per cent of GDP. The spending is expected to rise by 12 per cent per annum. This sector employs 9 million people. Rising incomes and growing literacy are likely to drive higher per capita expenditure on healthcare. The diseases trend is shifting from infectious to lifestyle diseases.
The Healthcare Expo will showcase best practices in healthcare delivery with the participation of hospitals, healthcare centers and clinics, equipment & devices, pharmaceutical products, etc. Several new Health Care Products are expected to be launched during the three day event. The Expo will be open to the general public also. More than 4,000 business visitors are expected at the Expo, the organisers said. (INN)