Due to the Covid-19 pandemic, India’s healthcare industry has seen a massive tectonic shift in just 1.5 years. We saw colossal pressure on the healthcare industry whether that was on the diagnostics front, patient hospitalization, vaccine R&D, scaling vax manufacturing, oxygen shortage/import, high cost of healthcare, and need for major public and private investment in the sector. According to Washington D.C based research organization, India’s doctor to patient ratio is 10 times lower at 1: 10,189. There is a need for skilled, and professional medical professionals to fill the huge gap.
August 2021, how we are doing on the healthcare front? The Indian government is planning to increase public health spending to 2.5% of the country's GDP by 2025, and the hospital industry is expected to reach $132 billion by 2023 from $ 61.8 billion in 2017; growing at a CAGR of 16-17%. India’s healthcare growth segments include the digital health market, telemedicine, e-pharmacy services, embracing electronic medical records, and bringing 24/7 medical care to patients driven by the power of mobile devices Read More...