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The hospital and medical industries are one of the most revenue-generating and employment-generating industries in India. It not only includes hospitals and medicines but also other things like medical pieces of equipment and devices, insurance, medical tourism, etc.
After covid-19 pandemic, the citizens of India are getting more and more aware of their health and fitness. This is highly contributing to making the healthcare industry a 372 billion dollar industry in 2022.
Apart from the citizens of India, the government of India is also supporting the healthcare sector most, they are aiming to spend a total of 3% of the entire Gross Domestic Product (GDP) on the Healthcare sector.
The Indian healthcare system is broadly classified between the private sector and the public sector.
The private sector in the healthcare industry: -
The private sector is actively contributing to the healthcare industry of India. They deal in a number of products and services like medical support services, surgical infrastructure, training and development programmes for healthcare professionals, medical products like medicines, etc.
The public sector in the healthcare industry: -
The public sector is widely spreading awareness about various health-related diseases as their main focus is on the prevention of disease and control it at the local level. Apart from this, the government is also aiming to provide cheap but quality medical treatment to the population that belongs to the lower-income group and also focusing on the healthcare facilities situated in rural areas of India.
The most selling product of the healthcare industry is medicines, but a lot of times it happens that the required medicines are not available to the shop in the locality and we don't know where we can find them.
To solve this problem we are encouraging the local shop owners to list their products on the Fayda platform so that the customers can see what product is available with how many sellers, and which one of them is nearest.
Along with this benefit, Fayda offers you a lot more like getting reward coins on every purchase which you can use to get a discount on your next purchase so that the costly medicines will be less costly for you.