Healthcare Startups Gear up to Provide Solutions to Modern Health Care Challenges
Technology is being looked up to tackle the acute shortage of health care delivery system in India highlighted amid the pandemic. Healthcare startups including Tattvan E-Clinics, myUpchar, MedCords, Portia Medicals are looking to address the existing gap of access in the Indian health care system.
Online health platforms are focusing on value-added health services like chronic disease management. They are readily looking to expand their online consultation services and advance by networking with hospitals, insurance, and pharma companies.
The government of India is also looking towards creating a centralized and focused health care ecosystem with initiatives like the National Digital Health Mission (NDHM). The initiative aims to issue a National health identity card to every Indian to access medical services. A medical card will ensure proper tracking and maintaining data regarding the spread of seasonal illnesses and epidemics.
Though startups can not help with the rising need for qualified medical professionals, they can aid the lack of infrastructure. Digital medical services will continue to spike even after the pandemic. There is a lack of a proper health care system in non metros while convenience and faster access is a priority for many in the metros. Hence, e-pharmacy and health care startups can cater to customers across cities and remote places.
According to a report by RedSeer Consulting, the e-health sector in India is expected to grow at a compound annual rate of 68% to $16 billion by 2025. Given the current health care ecosystem in India, it has a long way to go for overcoming its existing access gaps. It necessitates the need for various stakeholders and the Government to come together and design reliable health care interfaces.