Technology To Breathe Life
The Indian Healthcare industry has grown rapidly having evolved significantly in the last decade. As it became one of the largest sectors of the Indian economy, in terms of both revenue, the healthcare business is also one of the country's fastest growing source of the employment. The COVID-19 pandemic has not only present-ed challenges, but also several opportunities for India to grow. The crisis has opened huge gates for Indian start-ups, many of them who have risen to the occasion and accelerated the development of low-cost, scalable, and quick solutions.
All these factors together, make India's healthcare industry ripe for investment. However, the need for surveillance of the COVID-19 outbreak has overwhelmed even existing health services, demanding a reassessment of India's healthcare system. Both the business and public sectors have partnered to combat the pandemic, and a wide range of responses have been observed. This change has become significantly more visible over the last decade, with a renewed focus from the government and a growing market demand for healthcare services and products.
From the digital healthcare has expanded rapidly due to the COVID-19 pandemic. People are slowly adapting to new health technologies and intelligent solutions to reduce barriers between hospitals and patients. This sector has received heightened interest from investors such as venture capital and private equity over the years, India remains highly dependent on imports for many types of medical devices, particularly higher end equipment are cancer diagnostics, medical imaging, ultrasonic scans, and PCR technologies.
Apart from the metropolitan cities, demand for health services is rising in Tier 2 and Tier 3 locations across the country. The per-capita income in these locations has increased rapidly over the past few years. The hospital industry in India is witnessing huge demand from both global and domestic investors. However, the Indian healthcare system continues to be impacted by aspects of availability, affordability and quality of health services.
All these factors together, make India's healthcare industry ripe for investment. However, the need for surveillance of the COVID-19 outbreak has overwhelmed even existing health services, demanding a reassessment of India's healthcare system. Both the business and public sectors have partnered to combat the pandemic, and a wide range of responses have been observed. This change has become significantly more visible over the last decade, with a renewed focus from the government and a growing market demand for healthcare services and products.
From the digital healthcare has expanded rapidly due to the COVID-19 pandemic. People are slowly adapting to new health technologies and intelligent solutions to reduce barriers between hospitals and patients. This sector has received heightened interest from investors such as venture capital and private equity over the years, India remains highly dependent on imports for many types of medical devices, particularly higher end equipment are cancer diagnostics, medical imaging, ultrasonic scans, and PCR technologies.
Apart from the metropolitan cities, demand for health services is rising in Tier 2 and Tier 3 locations across the country. The per-capita income in these locations has increased rapidly over the past few years. The hospital industry in India is witnessing huge demand from both global and domestic investors. However, the Indian healthcare system continues to be impacted by aspects of availability, affordability and quality of health services.
