The rapid growth in the healthcare segment can be clearly seen as it is gaining the attention of many new entrepreneurs.
A healthy lifestyle is a need for many. With the rise of so many diseases, everybody wants to live in the pink of health. The rise of so many healthcare start-ups indicates that there are huge opportunities in the market. Health-tech has been buzzing with start-ups that are working towards aims for the betterment of the society. With more interest of the entrepreneurs generating in this segment, the healthcare industry is expected to grow at a much faster rate and will be providing huge scope for many new innovations.
Consure Medical has been working to improve and innovate in the medical devices segment. It was established by Nishith Chasmawala and Amit Sharma in 2012. The start-up has been focussing on medical devices for the management of critical care and long-term patient care. They are working towards innovating a technology that can approach the concept of wound care and infection control in a new way.
With a booming growth in the at-home healthcare services segment, Zoctr is a name that is trying to establish a name of its own. Being a home healthcare brand, it has raised a funding of $1 million from founder of SPA Capital Sandeep Parwal and other angel investors. Founded by Nidhi Saxena, the start-up brings together all the health services like telehealth, doctor appointments, pharmacy etc under one roof for the benefit and convenience of the consumers.
Working towards the sole aim of bringing better medical tools for the future of healthcare and medical, this brand is catering mainly in areas like gynaecology, critical care, infertility and more. Launched in 2013, the brand is offering advanced tests for cancer, infectious diseases etc as well as routine lab tests.
With a team of 300 members, Bengaluru based Nightingales was acquired by Medwell Ventures last year. The team comprises of medical and paramedic professionals which include nurses, physiotherapists, doctors, caregivers which specialise in chronic care disease management etc.
NeuroSynaptic is an emerging name in the ehealth and mhealth technology solutions. For a perfect healthcare delivery ecosystem, they bring together products, partners and processes and aims to provide access to affordable healthcare in rural and semi-urban areas. The brand uses ReMeDi (Remote Medical Diagnostics) which is a cloud-based telemedicine platform in order to reach out to the rural and semi-urban population.
The healthcare industry is big enough to cradle many new segments and ideas. With so many areas to venture into, it is expanding at a faster rate. The at-home healthcare segment is growing at a high CAGR of 9% and is expected to touch USD 349 Billion. With many brands coming in this market and raising funds for themselves, it is making more space for new names and discoveries. The Indian healthcare market is expected to grow at 23% CAGR by 2020, as stated in a Deloitte report of 2016. The healthcare sector is moving towards the betterment of all the consumers and this adds a huge room for development and scope to the industry.