The Healthtech Industry
- There was a whopping $571 Mn investment in the healthtech industry in 2018 in India. Technologies like ML, robotic surgery, telemedicine, nanotech, IoT, AI, robotics, 3D printing are examples of a few technologies that have paramount importance in the healthcare industry.
- The 2020 pandemic situation has provided a boost to rise of several healthtech startups.
- There are about 3,225 healthtech startups in India. They focus mainly on the accessibility of healthcare resources because the ratio of medical specialists to patients is quite imbalanced in the country.
- Indian healthtech startups exist in divisions of pharmacy, home healthcare, diagnostics & biotech
Investments in the Healthtech Industry
- Healthcare has become the hotbed for investments in India.
- The total investments in healthtech startups in India in FY 20 over 141 funding rounds was $600 Mn.
- In FY 20, 53% of the angel investments were towards healthcare.
- In FY20, the number of angel/seed investments were at their highest as compared to venture capital, private equity and public equity with 57% of the total angel investments going towards healthcare technology sector till date. Q2 2020 saw 9 angel/seed deals in healthtech as compared to 3 deals being carried out in Q1 (2020), an increase of 3X.
- It is evident that the new-age health-tech startups will define the post Covid pandemic world.