ADVANCEMENTS IN ACHIEVING HEALTH-RELATED SUSTAINABLE DEVELOPMENT GOALS OF BOTH PUBLIC AND PRIVATE SECTOR: A GLOBAL PURSUIT FOR A HEALTHIER TOMORROW

Abstract

 The Indian healthcare industry includes hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance, and medical equipment. The government provides limited facilities in rural areas, while the private sector provides most institutions. The sector grows by 22% between 2016 and 2022, reaching USD 372 billion in 2022. Public expenditure on healthcare is expected to increase, with the medical tourism market expected to reach USD 13.42 billion by 2026.India's public healthcare system focuses on rural areas and private sector-run facilities. With a low number of beds, pharmacists, and physicians, India has significant healthcare opportunities. However, future demand is expected to increase due to rising income, health awareness, and preventative healthcare. A comprehensive strategy is needed, involving public, private, and individual sectors. In 2023, India should consolidate and expand its approach to social determinants of health. This study basically tries to make a comparison on public and private sector industrial basin where the provision of it results in a sustainable development approach. The study postulates that the private sector health provisions are much more provisional than public sector industrial units.