OVERVIEW
The Indian healthtech industry has witnessed explosive growth in recent years, with projected market value expected to reach US $5 billion by the end of 2023 and surge to an impressive US $25 billion by 2025. Notably, India has emerged as a leading destination for venture capital (VC) financing in the healthtech sector, attracting significant investments totalling US $4.4 billion between 2016 and 2021. In 2021 alone, the sector secured US $1.9 billion in VC funding. This substantial inflow of investment has empowered healthtech startups to develop cutting-edge technologies, resulting in a growing number of patients embracing digital healthcare solutions.
The exemplary achievements of healthtech in delivering healthcare to even the remotest corner of the country stand as a global benchmark for digital health and a stellar example in the realisation of Sustainable Development Goals. Post-pandemic, India has emerged as a global pioneer in healthtech innovations and research and in demonstrating to the world and the global south, specifically, the methods and pathways that governments should take when scaling such healthtech innovations. Therefore, through this paper, we discuss the key learnings for global integration from the Indian healthtech ecosystem which makes it stand apart in its pragmatic approaches towards interoperability and scaling that keep the end customer in mind while formulating and implementing its policies and initiatives.
PUBLICATION DATE
August 18, 2023
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