Are you planning to build or restructure or venture in any healthcare venture in Sri Lanka? Looking for information about the major healthcare players in Government, Private diagnostic centers that are available in Sri Lanka? Are you looking to find out which part of the of the city’s is best to venture in or what all facilities are available and what all should be planned for new setup? In this article Hospaccx Healthcare Consultancy has mapped all on major players in terms of medical facilities and healthcare scenario in Sri Lanka.
Below is the superficial and macro level survey if you need a refined market and financial feasibility or any other study related to healthcare is required you can contact Hospaccx Healthcare business consulting Pvt. ltd on [email protected] or [email protected] Or you can visit our website on www.hhbc.in
Sri Lanka ‘Pearl of the Indian Ocean’ is an island country in South Asia, located in the Indian Ocean to the southwest of the Bay of Bengal and to the southeast of the Arabian Sea. The legislative capital, Sri Jayawardenepura Kotte, is a suburb of the commercial capital and largest city, Colombo.
Sri Lanka is blessed with outstanding natural beauty; from the shores of its gorgeous beaches, through its exotic forests, and up to its mountain highlands. The small island nation showcases a wide range of animals and a richly diverse cultural history, set in a warm tropical climate, and presented to visitors by its friendly local people.
The World Bank ranks the country 85th out of 183 countries on its ‘Ease of Doing Business’ index. However, Sri Lanka has seen the emergence of more startups within the past decade. The government has made efforts to encourage trade and entrepreneurship.
Fig. 1 Sri Lankan population consists of Sinhalese 74.9%, Sri Lankan Tamil 11.2%, Sri Lankan Moors 9.2%, Indian Tamil 4.2% & other 0.5%.
Fig. 2 Religion among Sri Lankan Population counts as Buddhist 70.2%, Hindu 12.6%, Muslim 9.7%, Roman Catholic 6.1%, Others 1.90%.
Major Demographic Profiles
Airway: Bandaranaike International Airport connects Sri Lanka with all the major cities of the world including 126 flights per week to 14 cities in India.
Top 5 Corporates in Sri Lanka
(Based on the published information of companies listed in the Colombo Stock Exchange.)
Growth Plan of Sri Lanka
The government of Sri Lanka (GoSL) has planned to transform Sri Lanka into a dynamic global economic center by developing six strategic hubs; a knowledge hub, a commercial hub, a naval & maritime hub, an aviation hub, a tourism hub and an energy hub.
Some Important Health Statistics
The Healthcare Scenario
As in many other countries, the health system in Sri Lanka consists of both the state and private sectors. The responsibility of protecting and promoting the health of the people lies primarily with the Ministry of Health (MoH). The health system in Sri Lanka is enriched by the operational coexistence of Allopathic, Ayurvedic, Siddha, Unani and several other systems of medicine. Of these systems, it is the Allopathic system which is dominant and caters to the majority of the health needs of the people.
According to The Department of National Planning NCD account for 65% of all deaths in Sri Lanka. The increasing prevalence of non-communicable disease (NCD) in Sri Lanka has reshaped demand for healthcare in the country.
Growing Income: Sri Lanka’s Annual Household Income per Capita reached 1,385.43 USD in Jun 2016, compared with the previous value of 1,102.56 USD in Jun 2013. So, Patients who can afford Private Healthcare facilities are now opting out of crowdy public healthcare services.
Ageing Population: 30% of population is expected to be elderly by the end of 2030.
Increase in Health seeking Behavior: 5.3 per 10 patients prefer to get outpatient treatment in private hospitals despite access to universal and free healthcare provided by the state. Increasing prosperity, education and awareness levels have contributed to elevated healthcare seeking behavior.
Changing Lifestyle: Rapid changes in consumer lifestyles, alcohol consumption, unhealthy diets, obesity and urbanization has impacted the health-related condition of the individual.
Prevalence of NCD: NCD are accountable for 65% of deaths in Sri Lanka.
Fig. 4 In Sri Lanka 30% of mortality is caused by Cardiovascular diseases, 26% by Injuries, 9% by Cancer, 8% by Respiratory Diseases, 4% due to Diabetes, 14% because of Other NCDs & Communicable diseases & other diseases are accountable for 9% of deaths.
Spread of healthcare Services: Viewed on a national basis, the health care expenditure has been approximately evenly spread between the private and public sectors. The private sector accounts for 55% in 2012. Most of the hospitals are concentrated in the Western Province of Sri Lanka. The Province accounts for more than 73% of industrial value in the health sector. This industry bias is a reflection of an uneven distribution of employment in Sri Lanka.
Fig. 5 The private sector provides 60% of outpatient care services and only 10% of the inpatient care services nationally while Public sector provides 40% of outpatient care services and 90% of the inpatient care services.
Fig. 5 Public-Sector Hospitals constitute 75% of all hospital available nationwide while Public sector constitutes only 25%.
The Risk Factor The biggest risk faced by the private hospitals is the shortage of trained medical practitioners. Most specialist consultants are with the public sector, and the inability of private hospitals to attract the services of such consultants is something to deal with. Competition among private players to attract skilled staff has resulted in significant cost escalations in the industry in the last few years.
Major Medical colleges in Sri Lanka
Major Public Hospitals in Sri Lanka
The National Hospital of Sri Lanka – 3246 Beds
It is a government hospital in Colombo & the largest hospital in Sri Lanka. Founded in 1864 as the General Hospital, it is the leading hospital in Sri Lanka and is controlled by the central government. The hospital has 18 intensive care units and 21 operating theaters. It employs 7,500 staff of which 1,500 are doctors.
Teaching Hospital, Kandy – 2291 Beds
Teaching Hospital Kandy is the second largest hospital in Sri Lanka & has strong links to the University of Peradeniya. Teaching Hospital Kandy provides specialized health care services in 37 areas to the Central Province and to all other provinces except Western and Southern. People come from all other 7 provinces to seek expert care from Teaching Hospital Kandy. The hospital has 78 Wards and 13 Special Units for inpatient services. It also has 10 Intensive Care Units (ICUs) and 24 Operating Theatres.
Total Numbers of Public Sector Hospitals & their bed strength in Sri Lanka.
Major Private Hospitals in Sri Lanka
Nawaloka Hospital – 475 Beds
It was established in 1985 & is one of Sri Lankas largest private hospitals. They also created a chain of hospitals across the country. It is also the first hospital in Sri Lanka to introduce Intensive Care Units, Coronary Care Units, Laparoscopic Surgery and Thoracic Surgery. It’s strong brand name and long operating history attracts the best consultants in the country. They also have strong network of laboratory services spread across the country.
Asiri Hospital Holdings PLC – 600 Beds
Asiri Hospital Holdings PLC, together with its subsidiaries, operates hospitals and provides healthcare services in Sri Lanka. Additionally, it holds investments in the healthcare industry. The company was incorporated in 1980 and is based in Colombo, Sri Lanka. Asiri Hospital Holdings PLC is a subsidiary of Softlogic Holdings PLC.
It is one of the few large hospitals to have ventured into geographical expansion with hospitals in the southern and central regions. They also operate the largest laboratory network in the country, with close to 60% market share.
Durdans Hospital – 260 Beds
Durdans Hospital is a multi-specialty private hospital founded in 1945, and currently owned and operated by Ceylon Hospitals PLC. Durdans is part of the drive to build a 2015–20 National Masterplan Initiative on Medical Tourism. They are the first JCI Accredited Hospital in Sri Lanka.
The Lanka hospital Corporation PLC – 350 Beds
Lanka Hospitals formerly known as Apollo Hospitals Colombo is a multi-specialty tertiary care hospital in Sri Lanka and is one of the largest private hospitals in the country. The hospital includes four intensive care units (medical, cardiothoracic, renal and neonatal). They have strong linkages with international medical institutions and consultants & also have marked presence in the medical tourism industry.
Neville Fernando Hospital – 210 Beds
It is established in 2013 and it is a hi-tech multi-specialty tertiary care teaching hospital. It has 210 permanent beds and capable of accommodating about 1000 patients a day. It is the teaching hospital to the South Asian Institute of Technology and Medicine (SAITM) and is the first private teaching hospital in the country as well.
New Delmon Hospital – 100 Beds
Established in 1991, It is a multi-specialty Hospital in Colombo providing care especially in Cardiology, Maternity & Child care. The hospital is also equipped with ICU services.
Western Hospital – 25 Beds
It is a private hospital located in Colombo that specializes in renal disease care, dialysis and transplantation. It was initially opened to provide kidney care services to Sri Lankan patients. Western Hospital has now diversified to providing general health care services and is one of the many private hospitals in Colombo, Sri Lanka.
Private sector diagnostic service providers dominate market Diagnostic services in Sri Lanka are delivered both by the public and private sectors. Services in the public sector are delivered by captive units within major hospitals. However, the private sector operates both hospital-based units as well as stand-alone facilities.
Some Stand-alone Diagnostic Centers
- Dr. Lal Path Labs, Colombo.
- Kurunegala Diagnostic Center, Kurunegala.
- Forte Diagnostic Pvt. Ltd. Colombo
- Metropolis Healthcare Ltd. Colombo
- Wayamba Diagnostic Medical Laboratory (Pvt) Ltd
- Ceymed Healthcare Services (Pvt) Ltd
- Ohlums Clinic & Laboratories (Pvt) Ltd
The Sri Lankan hospital sector as a whole & private hospitals in particular, is strongly positioned to benefit from favorable macro and demographic trends in the country. Sri Lanka is among one of the fastest growing ‘Developing Country’ & a famous tourist destination. Demand for health care from private hospitals increases proportionately with the increase of the socio-economic levels of the population. Medical tourism represents another growth avenue for private hospitals. As for an ageing population, special focus should be on geriatrics, which most hospitals are not equipped to handle. The private sector would have a large role to play in plugging the demand/supply gap & also giving opportunities to new hospitals to come & thrive.
If you need any support in planning and designing of a new hospital you can contact us: Hospaccx healthcare business consulting Pvt. Ltd on: [email protected] . Or you can visit our website www.hhbc.in.