According to the WHO, health technology refers to the putting on organized knowledge and skills utilizing devices, medicines, vaccines, procedures, and systems developed to solve a health problem and improve quality of life. Advancing health technologies increases the medical care costs. Health can be a major financial problem and a significant issue throughout the world. Investment in health technology is essential for very long term financial stability and also to improve efficiency, support consistent delivery of quality health care also to avoid high-cost inpatient settings.

Health care investment in India

According to an ICRA industry report on Healthcare, India invested 5.1 % of its GDP on health in 2001. The health information mill estimated at $30 billion and includes retail pharmaceutical, healthcare services, medical and diagnostic equipment, and supplies. The private sector dominated the medical market and also this increased participation from the private sector in healthcare services is stimulating … Read More