India’s Healthtech Landscape In A Post-Covid-19 World

Summary

A global health emergency like coronavirus has put a big spotlight on the healthcare industry, with every stakeholder fighting from the frontline. The pandemic has been called a structural shift for digital healthcare in India. Many have said that this is the time for India to reboot its healthcare system and support healthtech startups in closing the gaps. With the telemedicine guidelines now in place and mandatory health insurance for workers, technology is well-placed to redefine healthcare infrastructure in India. Within two months of time, India transformed from importing PPE kits to the second-largest producer in the world. In the new normal, India is poised to witness more such significant advancements in the traditional healthcare system. The development in Indian healthcare infrastructure will be led by homegrown healthtech startups, with telemedicine and online pharmacies leading the current wave of startups. Together, the Indian healthtech market will contribute $21 Bn by 2025, which is still only 3.3% of the total addressable healthcare market. This indicates that the room for growth is pretty high and healthtech has a massive opportunity here.