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Hospital Industry. Health care industry consists of. Dentists and doctors Protective care and nursing Pharmacies Allied medical, health services Hospitals. Hospital industry in India. Expense on healthcare in India is 5.25% of GDP. Accounts for 5.2% of GDP. Direct and indirect employment for 4 million people. Anticipated to grow at 13% per year.
Freebase(0.00 / 0 votes)Rate this definition: Health care industry. The health care industry, or medical industry, is a sector within the economic system that provides goods and services to treat patients with curative, preventive, rehabilitative, and palliative care.