15th Annual Global CEO Survey: Healthcare industry insights

 
84%

of healthcare CEOs are confident of generating higher revenues this year
15th Annual Global CEO Survey

Healthcare industry insights

Healthcare CEOs are positive about the financial outlook for their own organisations. They’re diversifying, innovating, hiring, and expanding overseas, often via M&As. What else did they tell us?

Overseas markets are a big lure. 22% of healthcare CEOs plan to expand abroad in the next 12 months. India and China are high on their list of target territories.
Expanding business abroad
 

Diversification is the name of the game. 78% of healthcare CEOs are focusing on the development of new products or services within existing business models. They’re hoping to capitalise on the revolution that’s taking place, as consumerism and new technologies reshape the healthcare market.

Efficiency is everything. All the healthcare CEOs in our survey have been slashing costs, and more than four-fifths plan to keep doing so. In fact, the one thing on which they would most like to spend more time is creating a more efficient organisation.
Cutting costs and restructuring
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CEO survey: Explore the findings


Quotes

Baba Kalyani

Managing Director, Bharat Forge Ltd
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Our growth model is based on two to three fundamentals. First, our company’s ability to compete on technology, product and cost: we have created a great deal of focus in our systems on high-technology, high innovation and high quality. These systems create an enduring business. This was the domain of the western world but we have changed that.
The second fundamental is the continuous evaluation of mega-trends in the market. We did that three years ago and found infrastructure, energy and oil and gas to be the clear mega trends in India, so we are participating in those – and we have got into mining commodities too.
For us, automotives is the base business – but it’s also a mega trend in India. My estimate is that in the next 10 years, it will grow to three times the size it is today.
Vineet Nayar

Vice Chairman and CEO, HCL Technology
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We are currently implementing a new governance concept which aims to increase the level of business integration through the creation of global business units, and to develop a strong corporate centre through integration of those key control functions, risks and finance.