Frost & Sullivan has developed the top Mega Trends for the country and projected that the Indian healthcare industry will see a growth of $275.6 billion in 2020 from $50 billion in 2011. The Medical Tourism industry in India is competitive in nature and has been able to attract a large number of foreign visitors surpassing the figures for other Southeast Asian countries, thereby contributing significantly to the country's economy. It is expected to witness tremendous growth from $ 0.15 billion in 2010 to $2.02 billion in 2015. E-Medical (for example, tele medicine, hospital information systems, customer service using internet) will also see huge potential growing from $191 million in 2010 to $1.5 billion in 2020.
As a part of Frost & Sullivan's ongoing research, it will cover a spectrum of interesting Mega Trends in the areas of development of mega cities like Regions and Corridors; 'Smart' emerging as the new green; Geo Socialization; Innovating to Zero and Beyond BRIC. The next Game changers; Space Jam; Personal Robots; e-Mobility; and new business models, to name a few. The objective of the program is to provide companies with special reports to focus on the evolution of these global trends and help them drive growth and innovation in a rapidly changing environment.
At its annual flagship Congress, GIL 2011, Frost & Sullivan revealed its Mega Trends Projections specifically for India under 'The Global Community of Growth, Innovation and Leadership.'
Commenting on the Mega Trends, Sarwant Singh, partner, Frost & Sullivan explains, “The unique feature of this future watch research programme, compared to other predictive programs out there, lies in its ability to not only identify and evaluate emerging megatrends, but to also to translate those opportunities to everyday business and personal life. In other words, we are not just throwing out predictions for the future, but also showing organizations how those predictions present immediate opportunities and threats in the here and now.”