India finds itself at a critical juncture in its healthcare journey. In recent years, the country has emerged as a significant player in various global issues, from climate change to space exploration. Notably, India has achieved remarkable success by landing a mission near the moon”s south pole and successfully presiding over the G-20. As a nation, it”s ambitious, driven by its rich heritage and the energy of its youth.
However, India also grapples with health challenges, including being the world”s diabetes capital and facing issues like hypertension, heart attacks, cancer, respiratory ailments, and more, particularly among the youth. If unaddressed, non-communicable diseases (NCDs) in India are projected to cause a substantial economic burden, potentially exceeding $4 trillion by 2030. This poses a significant obstacle to India”s development, potentially creating what can be termed an “age tax” on its demographic dividend.
To mitigate this threat, it”s imperative for the healthcare industry to join forces to increase awareness, advocate for healthier lifestyles, and conduct comprehensive health checks that encompass proper scans, as standard blood tests may not be sufficient to detect early signs of diseases. There have been significant reductions in infant and maternal mortality rates, while the average life expectancy has notably increased.
Today, India boasts world-class healthcare infrastructure and exceptional clinical talent, offering clinical outcomes of the highest quality, at scale, and at a fraction of the global cost. The country has made a name for itself in specialised medical areas such as organ transplants, cardiology, oncology, and more. India has become a prime destination for medical value travel (MVT), attracting patients from around the world.
In the MVT realm, India excels in fields like oncology, orthopedics, and robotic surgery. The introduction of proton beam therapy technology positions India as a regional leader in cancer treatment. Orthopedic procedures, including joint replacements and spinal surgeries, are conducted with minimally invasive techniques, drawing patients seeking top-notch orthopedic care at competitive prices.
Robotic surgery has also gained prominence, with Indian hospitals adopting robotic-assisted techniques, offering precision and faster recovery. MVT plays a significant role in generating employment and foreign exchange, and there”s room for further growth in this sector.
India”s ability to excel in healthcare is not limited to clinical expertise alone. The country is set to make a significant impact in the realm of artificial intelligence (AI) in healthcare. India possesses a vast pool of talented data scientists, engineers, and healthcare professionals who can drive innovation in AI-driven healthcare solutions. AI can revolutionise medical diagnostics, enhancing accuracy and efficiency, ultimately leading to better patient outcomes. Additionally, AI can predict disease outbreaks, analyze healthcare data, optimise treatment plans, and expedite healthcare procedures.
To unlock its full potential, India must continue investing in AI research and development, foster collaborations between academia and industry, and create an ecosystem that nurtures innovation. By doing so, India can emerge as a global leader in AI-driven healthcare solutions, benefiting healthcare systems worldwide.
With an expected AI expenditure of $11.78 billion by 2025 and a projected $1 trillion addition to India”s economy by 2035, the country stands at a pivotal moment in its healthcare journey. A reimagined healthcare model can position India as a global destination for medical value travel, a leader in AI-driven healthcare solutions, and a front-runner in tackling NCDs. Achieving this vision necessitates a focus on community health, public-private partnerships, and substantial investments in innovation and research. With unwavering dedication and a commitment to excellence, India can forge a healthier and more prosperous future for generations to come.