Industries of Interest Healthcare

Industries of Interest Healthcare

Industries of Interest Healthcare

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Health care: A Trillion dollar industry in the making.

Forbes @ Forbes

There’s a huge increase in demand for health care, but the delivery model is inherently inefficient. Companies are looking to how to optimize the quality of almost everything.

Scott Lundstrom, Health insight analysts @ International Data Corp

If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.

Larry Page, Founder @ Google

If you are one of; who thinks what HEALTH economy is;the healthcare industry (also called the medical industry or health economy) is an aggregation and integration of sectors within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.

  • Global expenditure on healthcare is expected to grow to $9.5 trillion in 2018 from $7.6 trillion in 2013 (at a CAGR of 4%), according to forecasts based on WHO data.
  • The global healthcare analytics market is expected to reach $18.7 Billion by 2020 from $5.8 Billion in 2015, at a CAGR of 26.5% during the forecast period.
  • The healthcare biometrics market is projected to reach USD 2,848.3 Million by 2021 from USD 1,182.6 Million by 2016, at a CAGR of 19.2%.

Global health spending would ex expected to increase by about 6% year on year. This figures itself will boast a challenge as well as opportunities that lies in this industry.

Indian health care industry is worth $275Billionin 2015 with 8% of India’s GDP is spent on healthcare is indeed an inspiring possibilities and a challenging journey. India is an international medical travel destination for patients seeking world class treatment at competitive rates. The Indian healthcare sector is diversifying and opportunities are emerging in every segment, be it providers, payers or medical technology.

In 2010;

  • Apple iTunes app store had 185000apps out of which 5000 are characterized as health care apps
  • Android app store had 38000 apps out of which 600 being healthcare applications
  • Blackberry app world had 6700 apps out of which 235 are health and wellness applications

This report from frost and suilvan shows how fast the world id accepting technological advanceent and acceptance in health care industry. Patients around the world have grown more comfortable using digital networks and services, even for complex and sensitive issues such as healthcare (successful websites DrEd, PatientsLikeMe, and ZocDoc are just three examples of this trend), we believe the time has come for healthcare systems, payors, and providers to go “all in” on their digital strategies.

The question is, where should service providers start?
Well the answer is very complex or we would say it has many answers and we at Business Fuel we try to answer few of them and build a lasting and on-demand services in health care industry. As you read this part of the message, there’s our team which is already working to make our ideas and futuristic services a reality.

Why choose us?


  • Global Reach
  • Affordable solution
  • Partner Program
  • H2H approach
  • Unique solution platform