India’s foremost Virtual India Hospital Design Summit 2020 is focused on “Building Smarter, Safer and Sustainable Future Proof Hospitals”. The Virtual summit is being organized to make India a Global Force in Healthcare Facility with collaborative approach of Construction Firms, Architects, Technology Providers and Planners. To create a global platform to the decision makers and industry stake holders, to accelerate the process and ensure successful transition to affordable smart hospitals to embrace and to create more automated and patient centric healthcare facility. This summit will showcase sectoral growth, challenges and opportunities not to be missed alongside road maps for growth.
Healthcare is one of the fastest growing sectors in India and the Indian government has aggressive plans to develop India further into a global healthcare hub. The hospital industry in India stood at Rs 4 lakh crore (US$ 61.79 billion) in FY19 and is expected to reach Rs 8,60,000 crore (US$ 132.84 billion) by FY22. The coming years will assume a significant position in the history of India’s Healthcare Infrastructure industry. The sector is expected to generate 40 million jobs in India by 2030. Further, presence of world-class hospitals and skilled medical professionals has strengthened India’s position as a preferred destination for medical tourism. The hospital and diagnostic centers attracted Foreign Direct Investment (FDI) worth US$ 6.625 billion between April 2000 and December 2019, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT). The Government of India is planning to increase public health spending to 2.5 per cent of the country's GDP by 2025. The health share of Gross Domestic Product (GDP) is expected to rise 19.7 per cent by 2027. United Nations Development Programme (UNDP) has also included Good Health & Well-being, and Industry, Innovation & Infrastructure in the sustainable development agenda for 2030.