Private medical colleges market in India July – 2015
Executive Summary Market Overview
There are x medical institutions in FY 2014, out of which x1 are government owned and rest x2 are private medical institutions Private medical colleges grew at a CAGR of y% whereas Government medical colleges grew at a CAGR of yy% between 2005 and 2015 Intake capacity of private medical institutions grew at a CAGR of y% in the last 10 years
Drivers & Challenges
Drivers: Lack of seats in government medical colleges Increasing demand and needs for medical practitioners and doctors Passion for medical profession Medical is a lucrative and highly sought profession
Key Trends
Emphasis on Continuing Medical Education (CME) Curriculum innovation Newer student assessment methods
Challenges: High fees charged by private medical colleges Uneven distribution of private medical colleges Inappropriate and unsatisfied quality of education and infrastructure
Key Players
Competitive Landscape
College A
College B
College C
College D
College E
College F
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
2
• Macroeconomic Indicators • Introduction • Market Overview • Drivers & Challenges • Government Regulations Government Regulatory Bodies
• Trends • Competitive Landscape • Strategic Recommendations • Appendix
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
3
Macroeconomic Indicators (1/3)
SAMPLE
GDP at Factor Cost: Quarterly INR tn a a b
a
a a
b
b
b b
c c
c
c d
c
d Q1
Q2 2011-12
2012-13
Q3 2014-15
2013-14
Q4
Inflation Rate: Monthly % a b
X 1X
X
c
-0.5d
X2 Dec 2014 - Jan 2015
Jan 2015 - Feb 2015
Feb 2015 - Mar 2015
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
Mar 2015 - Apr 2015
4
History of Public Health services and Medical Institutions in India Evolution of Public Health Services ABC
M
• • • •
a b c d
STUV
• X • Y
• Z • A • B
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
5
Rapid growth of medical institutions and extended intake capacities boosting private medical college market in India Increasing medical colleges and intake capacity – Overview • Total number of medical colleges in FY 2014 were X Private medical colleges grew at a CAGR of x% whereas Government medical colleges grew at a CAGR of a% in the last A year
• There were B medical colleges in the FY X • The intake capacity of private colleges in India increased by c% in the last N years
Medical Colleges in India Government
Intake Capacity of Medical Colleges in India Government
Private
Units
250 200 150 100 50 0
Private
Units
30,000 20,000 X
X
X
10,000
X
X
X X
X
0 2004
2014
2004
2014
Private medical colleges has outnumbered the number of government medical colleges in India in the last 10 years PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
6
Rankings of Medical Colleges– Summary
Parameters of Ranking
Selection Process
Personality Development and Industrial Interface
Placement
Academic Excellence
Infrastructure
Overall Score
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
7
Drivers & Challenges – Summary
Drivers Challenges Lack of seats in government medical colleges
High fees charged by private medical colleges
Increasing demand and need for medical practitioners and doctors
Uneven distribution of private medical colleges
Passion for medical profession
Inappropriate and unsatisfied quality of education and infrastructure
Medical is a lucrative and highly sought profession
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
8
Shortage of government medical colleges leads to the emergence of private players Lack of seats in government medical colleges
Impact
• Traditionally, medical colleges in India were largely funded by government and the contribution of private medical colleges were negligible • However, after Structure Adjustment Programme (SAP) being implemented in 1991, the trend shifted towards private funding of medical education and the growth of private medical colleges has been phenomenal • The demand–supply gap in government medical colleges have led to the rise of private medical colleges
Market share of Medical Colleges in India
X%
Y%
Y%
2004
X%
Government
Private
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
2014
9
Increased passion for medical profession boosting the growth of medical education in India Passion for medical profession
Impact
• Medical has emerged as one of the popular professional course over the years • Passion to become medical professionals has paved a positive growth for all government and private medical colleges in India Total number of medical colleges in India in the year 2000, 2004 and 2014 were a, b and c respectively
• Number of medical colleges is recognized by each state, the amount one can pay for seats in private medical schools, along with high migration to other countries thus boosting the growth of physicians
AIPMT - 2014
AIPGMEE
% 80% 60% 40% 20%
X%
Y%
A%
C%
B%
D%
2014
2015
0%
Female candidate Male candidate
Registered candidates
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
Appeared candidates
10
Scheme for obtaining permission of Central Government to establish a medical college(7/13) Registration •A •B •C •D
Registration Process
Application
A
B
a
b
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
11
Scheme for obtaining permission of Central Government to establish a Medical College(12/13) Grant of Permission and Reconsideration(2/3) Important point to be noted while establishing a medical college The permission to establish a medical college and admit students may be granted initially for a period of one year and may be renewed on yearly basis subject to verification of the achievements of annual targets
• X
Renewal Process
a b c
During any regular inspection of the colleges in the stage up to II renewal • A
During any regular inspection of the colleges in the stage from III renewal ; till recognition of the institute for award of M.B;B.S. degree • B
During any regular inspection of the colleges that are already recognized for awarding M.B.B.S. degree and/or running Postgraduate courses if it is observed that • C
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
12
Government Regulatory Bodies – Summary
Aims of Government Regulatory Bodies
Monitoring the standard of Medical Education
Promoting Training and Research Activities
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
13
Trends – Summary
SAMPLE Emphasis on Continuing Medical Education (CME)
Trends
Curriculum innovations
Newer student assessment methods
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
14
Curriculum innovations adopted by many private medical colleges in Undergraduate medical courses Restructuring Undergraduate Medical Course •A •B •C •D •E
A
B
X
C)
Y
Z
D
N
-X PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
15
Private: Domestic Company – College A (1/3) Company Information Corporate Address
X
Tel No.
X
Fax No.
X
Website
X
Year of Incorporation
X
SAMPLE
Offices and Centres – India
Products and Services Category
Products/Services
Education
X
Clinical Services
X
Key People
Patient Services
X
Name
Designation
A
X
B
X
C
X
Research
X
Vellore Head Office
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
16
Private: Domestic Company – College A (2/3) Business Highlights Description
News
Overview
•A •B
Ranking
•C
Accreditation
•D •E
Awards and Honors
•F •G
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
17
Private: Domestic Company – College A (3/3)
• • • • • •
X Y Z A B C
•M •N •O •P •R
•1 •2 •3 •4
S
W
O
T •Q •R •S •T •U
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
18
Strategic Recommendations (1/2)
A
•X •Y
B
•X
C
•X
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
19
Thank you for the attention Private Medical Colleges Market – India report is part of Netscribes’ Services Industry Series. For any queries or customized research requirements, contact us at: Phone: E-Mail:
+91 22 4098 7600 info@netscribes.com
About Netscribes Netscribes is a knowledge-consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content-management services, and knowledge-software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes is a one-stop shop designed to fulfil clients’ profitability and growth objectives.
Disclaimer: This report is published for general information only. Although high standards have been used in the preparation, “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction.
PRIVATE MEDICAL COLLEGES MARKET IN INDIA 2015.PPT
20