Indian hospital industry set to cross $133 bn by 2022

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At a conference on building sustainable hospitals, experts call upon stakeholders including government to pay more attention to sustainability

 

The Indian Hospital Industry is poised for a big leap. With an annual growth rate of 17% it is expected to cross USD 133 billion by 2022 from its current level of USD 62 billion. To keep the momentum up, experts have called upon all stakeholders to pay more attention on sustainability.

The issue of sustainability was discussed during the International Conference “AIC TECH 2019” on “Sustainability in Practice – Building Sustainable Hospitals.” It was organized in New Delhi by ASHRAEIndia Chapter, with support from Apex Healthcare body NATHEALTH.  Experts and delegates deliberated upon various aspects of hospitals such as Energy management, Modular Constructions, Waste Management, Indoor Air Quality, Smoke Control and Life Safety among others.

Speaking on the occasion as Chief Guest, Shivinder Mohan Singh, Founder, Fortis Healthcare emphasized on the need for sustainability in hospitals when evaluating viable solutions for providing quality healthcare for citizens. High quality standards can be achieved by committing to predefined time and cost benchmarks. This will not only maintain quality but also ensure timely completion of projects.

“It is widely admitted that sustainable hospitals can support our efforts to provide affordable and quality healthcare for all”

Welcoming the delegates,  K.D Singh, Past President, ASHRAE India Chapter said,“ Hospital industry in India is expected to grow CAGR 16-17% from US $ 61.79 billion in FY 17 to US $132.84 billion 2022.The power requirement would also subsequently increase by at least 50% from the present, if not double.We need a sustainable growth to reduce investment both CAPEX and OPEX, in our power infrastructure, thereby conserving the national and natural resources.”

The conference intended to provide a direction to all stakeholders like the government, private promoters, designers, operators, manufacturers, system integrators and all individuals to provide holistic, sustainable solutions for growth in the hospital sector.

NATHEALTH Secretary General Mr. Siddhartha Bhattacharya who gave a presentation on the importance of sustainability in context of Indian Healthcare said, “It is widely admitted that sustainable hospitals can support our efforts to provide affordable and quality healthcare for all. Sustainability would be a great enabler in improving health outcomes. With efficient energy and waste management, modular construction and other improvement measures, the hospitals can be made sustainable and that would be one of the big drivers in creation of a standardized healthcare ecosystem in the country.”

During the different technical sessions of the conference, Industry experts, stakeholders in hospitals, Chief Engineers and Project manager of Hospitals, top decision-makers from various user organizations, leading Consulting firms, key persons from the Government and public enterprises, contractors and manufacturers shared their views to make hospitals sustainable.