Healthcare start-ups
The road ahead for India’s healthcare sector is set to be revolutionized with the rising base of healthcare start-ups that recognize the need for making quality healthcare accessible to Indians, according to a joint study by the Federation of Indian Chambers of Commerce and Industry (FICCI) and KPMG.
The ‘Indian healthcare start-ups – An inside look into funding’ study was launched on September 1, 2016 at the FICCI’s flagship annual healthcare conference – FICCI HEAL 2016.
It evaluates the role and need for healthcare start-ups in India, their evolution in the sector and the funding scenario. It also assesses the future of these start-ups, highlights some of the challenges being faced by them and suggests a way forward.
Dr. Nandakumar Jairam, Chair, FICCI Health Services Committee; Chairman, NABH and Chairman and Group Medical Director, Columbia Asia Hospitals India said, “What we need today is a unified approach for long-term solutions that would help in optimizing disease-care to preventive and promotive care as well as patient centricity though data – driven efficient technologies. Fostering Start-ups and Entrepreneurship will provide the requisite innovative approach for achieving these reforms.”
India serves as the fastest growing start-up-base worldwide and 6-8% of the recent B2C Start-ups in India have been in the Health-tech sector, according to FICCI press release.
Eighty per cent of the Indian population is uninsured, resulting in medical costs being paid by people from their own reserves. Start-ups combat this challenge and come up with innovative models to help people get insured on a large scale,” it said. fii-news.com
