As the old says, “Health is Wealth”
Health is the yard stick for a brighter future. So, basing on this the country has its own perk and cons.
Health care has become one of India’s largest sectors both in terms of revenue and employment. Basing on the needs and the demands, the general conjecture is hoping for greatness.
It consists of hospitals, medical devices, traits, outsourcing, telemedicine medical tourism, health insurance, and medical equipment. The healthcare sector is the next go to category of stocks relating to medical and health care goods or services. The healthcare sector includes hospital management firms, health maintenance organisations.
Stocks in the healthcare sector are often considered to be defensive and are also of high
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Having a consistent demand for goods and services makes this sector less sensitive to business cycle fluctuations. India health care delivery system is categorised into two major components – public and private. The government which is the public health care system compromises of limited secondary and tertiary care institutions in key cities and focuses on providing basic healthcare facilities in rural areas. The private sector provides majority of secondary, tertiary and quaternary care institutions with a major concentration in metros, tier 1 and tier2 …show more content…
In this rapid advancement of medical monitoring technology to refine the patient outcomes, the patients are synced to the equipment’s that continuously detects vital signs such as blood pressure, heart rate and temperature. These equipment’s helps the hospital staff to take action immediately when any vital sign goes out of its conventional range, but many life threatening conditions do not reach condemnatory level right away. Many a times, the warnings begin to appear even before the situations becomes consequential, and even an experienced nurse or physician is not able to detect or interpret these situations in