India’s health care market is poised to grow three-fold by 2020 and health tech startups are tapping that opportunity.
The industry is expected to grow at 23 percent compounded annual growth rate to $280 billion from $100 billion in late 2017, according to a Deloitte report. And despite the visible potential and India’s booming population, government spending on health care still remains a mere 1.3 percent of India’s total GDP.
That’s enabled health tech startups to make their presence felt, covering everything from neuroscience to paediatric care and from information management to grassroot health education in schools. This World Health Day, here are five startups you should keep on your radar.