Medical Industry Analysis
The cost of surgery has taken a turn for the worse. The cost of several surgeries has shot up by over 250 to 300 per cent, as per Policybazaar analysis.
Medical Inflation: Why Are Surgery Costs Climbing Sharply?
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Surgery Costs Shot up
Medical inflation
Inflation in the medical sector has consistently outpaced general inflation. So, even if your salary is growing, it probably isn't growing fast enough to keep up.
Medical Inflation
Costlier Equipment
Imported tech and tools used in modern surgeries, from robotic arms to precision implants, are expensive, and with currency fluctuations and duties, those costs get passed on to the patient.
Cost of Comfort
Premium private hospitals, with their hotel-like rooms, advanced infrastructure, and top-tier specialists, command a premium. Even if you aren’t opting for luxury, your final bill might still reflect it.
Rising Demand
Demand is rising. As India’s population ages, more people need joint replacements, cataract surgeries, and angioplasties. But the infrastructure hasn’t kept pace, meaning demand is high, and costs follow suit.
Reduced Rarity of Disease
Lifestyle diseases like cancer, heart disease, and diabetes are now alarmingly common. With 1 in 4 deaths in India now linked to cardiovascular issues, critical surgeries are no longer rare events, they’re increasingly routine.
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