Indian healthcare industry is changing and improving rapidly. Digital media and the internet gave the boost to Indian healthcare industry. There are many startups in the market and they doing their best to reach to the patients with different types of services. Digitization helped the industry in advancement and growth. It is beneficial for the customers as they have new options open for them. This technology advancement is giving the competitive edge to the healthcare industry. There are different sectors of the healthcare industry such as hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment.
The revenue of Indian healthcare industry is expected to grow by 15% in FY 2017-18. According to the data released by Department of Industry the amount of FDI attracted by the industry is 4.34 billion between April 2000 and March 2017. Healthcare sector in India is expanding and it is creating the new opportunities for the startups. Currently, there is a huge opportunity in the medical device industry. Companies like PrimedeQ are doing well in this sector. PrimedeQ is a platform where one can buy and sell the medical equipment. If the idea you have is creative you can attract the good number of investors to your business.
Indian market is huge, diversified and full of opportunities. Those who captivates on this opportunity will be successful in future. This the right time to invest or start in the healthcare industry.
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