Monday, August 1, 2011

The Growth of the Healthcare Industry

The healthcare industry is one of the fastest growing industries of the world. The industry comprises of hospitals and other associated sectors. As per a report by the body of the healthcare industry and Yes Bank, the industry, by 2012 would touch US $77 billion from the US $35 billion in November 2009, registering a growth of nearly 23%. Other economies like Brazil, China and Mexico too have registered a growth, but in the US, the industry has seen a sector wise growth of nearly 9.3. This growth is a result of the rise in healthcare facilities in the public as well as the private sectors, pathological laboratories, medical diagnostics and health insurance sector.