Health care industry, also known as medical industry, comprises of organizations that provides goods and services to treat patients with curative, preventive, or rehabilitative care. It includes hospitals, medical infrastructure, medical devices, clinical trials, health insurance and medical equipments. It is one of the largest and fastest growing industries of the world. United Nations International Standard Industrial Classification (ISIC) categorizes the health care industry consisting of:
With India's healthcare system developing rapidly and expanding its coverage, the Indian healthcare industry is expected to reach $160 billion by 2017. The Indian medical device and equipment market, currently the fourth largest in Asia and among top 20 in the world, is expected to grow to around US$ 7.8 billion by 2016.
Career prospects in Health Care Industry:
The demand for medical professionals is increasing tremendously with the increase in population and the number of diseases. With opening of more and more privately owned health care institutions, the career opportunities are tremendous ranging from nurse, doctors to medical representatives, medical researcher and medical equipment engineer.
Besides, the opportunities aren't limited to traditional health care jobs and occupations. Health care institutions need accountants, auditors, directors of personnel, computer programmers, computer support specialists, chemists, computer operators, photographers, midwives and food service helpers. Medical billing job opportunities include billing specialist, patient account representative, claims analyst, reimbursement specialist.