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Healthcare Startups are Seeing New Horizons of Growth

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Nandini Mukherjee, Managing EditorThe Indian Healthcare sector has grown manifold in recent years to become one of India’s largest sectors making quality healthcare accessible to a billion plus population. The overall Indian healthcare market is worth around US$100 billion, and is expected to grow to US$280 billion by 2020, a compound annual growth rate of 22.9 percent. The industry over the years has struggled with long-standing structural and fundamental challenges. From simple service-delivery to path-breaking
innovations, blind spots have existed for decades in our country. While continuous efforts are underway from all participants to address these concerns, a new breed of start-ups has promised to take these challenges head on.

Although young, startups are gradually establishing their credentials and have carved out a niche for themselves through their innovative approach and agility. Online appointment booking to internet-based purchase of medicines, never before has the Indian healthcare sector witnessed such a shift in the operating model. In fact, startups have also upped the ante in the more critical areas of drug discovery and medical device inventions.

In more ways than one, startups are being heralded as the torchbearers of the future in healthcare. Believing the same, in our current edition we have featured “10 Best Startups in Healthcare”. These startups are best known to focus on extensive innovation, differentiated product offerings and deliver sustainable business models that in order to create a flourishing healthcare startup ecosystem in India. We also recommend you to read our cover story on CallADoc, a pioneering mobile application in the health care industry that serves as a 24 x 7 audio-visual interface between doctors and patients.

Do let us know your thoughts.