Niti Aayog report, Health News, ET HealthWorld

Around 65% hospital beds cater to 50% population of country: Niti Aayog reportA Niti Aayog report has stated that about 65 per cent of hospital beds within the nation cater to nearly 50 per cent of the inhabitants and harassed that the variety of beds have to be elevated by a minimum of 30 per cent to make sure equitable entry to healthcare amenities for folks.

In a report titled ‘Reimagining Healthcare in India by Blended Finance‘, the Aayog additional stated India’s healthcare spending is least amongst BRICS international locations.

“It is noteworthy that around 65 per cent of hospital beds in India cater to almost 50 per cent of the population concentrated in Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu, Telangana, West Bengal and Kerala,” the report stated.

It added that the opposite 50 per cent of the nation’s inhabitants residing within the remaining 21 states and eight Union Territories (UTs) has entry to solely 35 per cent of hospital beds.

“This indicates a need to grow hospitals beds by at least 30 per cent to ensure equitable access to healthcare for citizens in all parts of the country,” the report stated.

Blended finance is an method in the direction of financing the place catalytic funding from public and philanthropic sources is utilized to mobilize further non-public sector funding to comprehend social targets and outcomes.

According to the report, the hospital sector in India accounts for 80 per cent of the overall healthcare market. “It was valued at USD 61.79 billion in FY17 and is expected to reach USD 132 billion by 2023, growing at a CAGR of 16-17 per cent” the report stated. Noting that medical health insurance contributes 20 per cent to the non-life insurance coverage enterprise, making it the second largest portfolio, it stated.

Pradhan Mantri Jan Arogya Yojana (PM-JAY) might improve the penetration of medical health insurance in India from 34 per cent to 50 per cent. “This would, in turn, increase the demand for in-patient services,” the report noticed. It famous the COVID-19 pandemic supplied an impetus for the enlargement of the house healthcare market in India and with social distancing as the brand new norm, telemedicine options are quick rising as a handy various.

“The market size for telemedicine in India (USD 830 million, as of 2019) is projected to increase to USD 5.5 billion by 2025, growing at a CAGR of 31 per cent during 2020-25,” the report stated. It identified that earlier than COVID-19, it was estimated that over USD 500 billion of personal capital have to be mobilized yearly to fulfill all of India’s sustainable improvement targets by 2030 and to deal with entry, affordability, and high quality healthcare, it’s estimated that beneath a business-as-usual situation USD 256 billion could be wanted by 2034 to attain sustainable improvement targets associated to well being.

“But with the adoption of new technologies and a focus on prevention and wellness, the funding requirement is estimated at USD 156 billion,” the report stated. It identified that India’s healthcare spending is 3.6 per cent of GDP, together with out-of-pocket and public expenditure. Observing that the mixed whole authorities expenditure of each central and state is 1.29 per cent of GDP, the report stated India spends the least amongst BRICS international locations.

Brazil spends essentially the most (9.2 per cent), adopted by South Africa (8.1 per cent), Russia (5.3 per cent) and China (5 per cent). As per the most recent estimates by the United Nations, practically USD 3.9 trillion is required to attain the Sustainable Development Goals (SDGs) by 2030, greater than double the present funding of USD 1.4 trillion devoted in the direction of SDGs from home and worldwide sources.

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