INDUSTRY BACKGROUND HEALTHCARE SITUATION IN INDIA ECONOMICS ESSAY part 2

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Cost Efficiency: The hospital should make sure to utilize its resources and other inputs tactfully while maintaining the same quality of operations, and hence achieve the operating margin required for efficiently running the hospital group and fuel its growth and expansion plans too.

Apart from the above mentioned key success factors; there are some minimum level requirements which are called threshold factors required for the existing players in the hospital industry. These factors are – rendering high quality services, highly experienced medical staff and specialty in treatment of variety of diseases. All the major players are already successful in achieving these and need to work on the KSF to boost their individual market share.

2.4 Competitor Analysis

As already stated before, Indian healthcare industry especially the hospitals part is highly fragmented. India has close to 567,000 hospital beds of which very small proportion is being served by big players like Apollo, Fortis etc. The individual figures and locations are mentioned in the below table.

Key players in healthcare industry [24]

Company

No. Of beds

Presence

Apollo Hospitals Enterprise Ltd 8,500

Chennai, Madurai, Hyderabad, Karur, Karim Nagar, Mysore, Visakhapatnam, Bilaspur, Aragonda, Kakindada, Bengaluru, Delhi, Noida, Kolkata, Ahmedabad, Mauritius, Pune, Raichur, Ranipet, Ranchi, Ludhiana, Indore, Bhubaneswar, Dhaka

Aarvind Eye Hospitals 3,649

Theni, Tirunelveli, Coimbatore, Puducherry, Madurai, Amethi, Kolkata

CARE Hospitals 1,400

Hyderabad, Vijaywada, Nagpur, Rajpur, Bhubaneshwar, Surat, Pune, Visakhapatnam

Fortis Healthcare Ltd 5,044