The Healthcare sector, one of the fastest-growing sector in India have combined with technology to offer faster, cost-effective and hassle-free healthcare services. Many analysts have predicted that by 2022, the healthcare market could reach $370 billion with high returns. India is embracing the use of technology in healthcare. By 2030, the health tech industry will employ over 40 million people.
Machine-learning, nanotechnology, IoT, AI, robotics, and 3D printing technology ensure optimal output throughout the healthcare process. Soon genomics, biotechnology, and robotics can be applied to hospitals and clinics that will improve its efficiency and healthcare services.
A report by McKinsey report has revealed that telemedicine rather than in-person doctor visits would save Indians around $10 billion by 2025. The number of health tech startups is gradually increasing in India with an aim to offers better health care. The technology in healthcare can eradicate the issues plaguing it today, such as quality, scalability, accessibility, etc. As a result, health tech startups have a tremendous opportunity to bridge needs and wants.
