The Healthcare Industry is constantly changing, evolving and making the most of the growing demand. It is a highly competitive sector and each firm is constantly shifting its focus to accommodate new trends. It is predicted that India would be among the top ten healthcare markets in the next five years. The industry is growing at a tremendous rate on the basis of its strengthening coverage, services and expenditure by both the public and the private sectors. According to the Ministry of Health, during 2008-2020, the market is expected to record a CAGR of 16 per cent. In fact, the all over industry size is expected to touch US$ 160 billion by 2017 and US$ 280 billion by 2020. Furthermore, fifty types of technological developments have been done in order to approach to treat serious diseases like cancer and TB.
To take advantage of these possibilities, more and more domestic and foreign corporate ventures have stepped in to offer multi specialty healthcare, diagnosis and treatment packages. Each of the organization has its own strengths and weaknesses. Some firms possess strong capabilities to solve certain problems while others take time. Hence, each organization has a different business model. Here comes the need to hire experienced professionals from industry who can provide more useful expertise and blend effectively both the ‘professional consultant’ and the ‘experienced professionals’ to deliver implementable recommendations, to generate better resources that promotes greater understanding of the several challenges that are faced by the healthcare industries. It is critically important to illuminate the major issues of this sector; hand in hand it is also important to identify the specific needs of the healthcare organizations. There is a vast coverage of pharmaceutical companies, be it in the market, regulatory environment or competitors, the consulting firms are required to take swift decision and that is where they come into the picture.
Identifying the challenges faced by the healthcare industry, the current issue of Consultants Review brings you “25 Most Promising Healthcare Consultants”. The list features some of the best players in the industry that help clients to gain efficiency, establish innovations and yield profit. The list aims to help entrepreneurs and corporate leaders to choose n competent consulting partner who suits their requirements and help their firms achieve efficiency, faster time to market in a cost effective manner.