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Key Drivers for the Growth of Hospital Industry in Nepal

In: Business and Management

Submitted By simranz
Words 834
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Key Drivers for the growth of Hospital industry in Nepal 1. Technological advancement Technological advancement not only helps in the growth of the manufacturing industry but also helps in the growth of service industries like hospital by the advancements in medical technologies. Advancement in technology has shortened the adoption curve for new technologies; the benefits of the advancements are clearly visible in terms of smoothening of workflow, ROI, and hospitals ability to treat more patients in the same time span. Some major examples of this phenomenon are: * Increase in number of minimally invasive surgeries: With every passing day a higher number of hospitals are shifting towards minimally invasive procedures. This concept has been equally appreciated by the patient and provider both, benefits to the patient being early discharge and return to normalcy and for the provider a faster turnaround thus higher profitability. This phenomenon has been helped by advancements in the field of laparoscopy, endoscopy, cath labs, etc.

* Home health: With time becoming a precious commodity a significant chunk of population is opting for devices which can provide diagnosis, care within the home environment. This phenomenon helps the patients in saving time and utilizes the saved time for other productive activities. The development in the field of blood glucose monitoring, insulin management, sleep apnea, cardiac rhythm management will be the main growth drivers of home health. * Orthopedic surgeries: Joint problems which were regarded earlier as a normal old age phenomenon has started gaining recognition as a disease. It’s not only being recognized as a disease but the recognition is also for the fact that it’s curable. This change in the thought process is driving the growth of the joint implant market. The phenomenon gets compounded due…...

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