Dr Reddy’s plans to ramp up R&D spend
Indian pharmaceutical major Dr Reddy
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Indian pharmaceutical major Dr Reddy
Medical value travel, more popularly termed ‘Medical Tourism’, was discussed at lenght as the next big window of opportunity at a recent conference organized by the Confederation of Indian Industries (CII) in association with Indian Healthcare Federation.
IT major Cognizant Technology Solutions has acquired New Jersey-based MarketRx, provider of analytics and related software services to global life sciences companies.
Thailand-based healthcare company Mega Lifesciences recently announced its foray into the Indian market with the launch of its oral consumption skincare range and said it will invest about USD 1 million to market the product in the country.
The Federal Communications Commission (FCC) has launched US$ 400 million program under which patients in rural areas would be able to tap the nation’s top doctors over the Internet.
The Indian healthcare industry will need to add 1.4 million doctors and over 3 million nurses by 2017 if the country has to meet even the healthcare standards of other BRIC countries, a report by research firm Technopak and industry body CII said.
India is trying to simplify procedures for foreign investors to invest in Indian hospitals and hotels. And it is forecasted that USD 6.5 billion flowing into the sector in the coming years.
Private equity firm ICICI Venture has invested USD 10 million to pick a minority stake in urology hospital chain RG Stone Urological Research Institute.
India has introduced a medical visa aimed at assisting overseas visitors to travel to the country for low-cost hospital treatment.
Apollo Health Street (AHS), the healthcare business process outsourcing subsidiary of Apollo Group that runs India
Wipro has announced it will offer solutions based on Cisco products and services on a global basis, with the initial focus on India, Middle East and Africa.
Cisco Systems, the networking multinational, is reportedly in talks with companies such as Reliance, Apollo Hospitals and Wockhardt to roll out their healthcare networking solutions.
[This article was published in the November 2007 issue of the eHEALTH Magazine (https://www.ehealthonline.org)]
The value of going digital with patient records has become increasingly clear to one and all.