In India, the healthcare industry is on boon as people in rural areas have also started to acknowledge the need for it. With the growing population, the demand for healthcare is only rising. This is the best time to invest in this sector as a lot of innovations are taking place and new opportunities emerging in this industry. A business grows when it caters to a particular need. Healthcare has become the beacon of opportunities for the investors and need of customers. Lets see what current trends reflect.
Indian Healthcare Industry- Current Trends
There is constant innovation and discoveries keep on enhancing the scope of healthcare industry but still so much is left to explore. A new development in any industry is a positive advantage for investors as this will only increase the demand. Here are the new things in the industry which help to attract investments.
Innovations in the healthcare industry include the introduction of new technology, the introduction of new techniques and equipment to help patients, better business opportunities, new startups using artificial intelligence and software as a service to provide health services etc are bringing the change in this industry. These changes are the major source to attract funding.
Digital growth has the major impact on the healthcare industry. Digitisation has certainly opened up a platform for beginners to share knowledge and expand their business. Entrepreneurs with new ideas seek for investors on platforms like ours to transform that idea into a good business opportunity.
Investors are now putting more focus on this industry to invest their capital. Many startups are making their mark in this space with the help of new technology. The investors are also keen to invest in new startups. Some of the startups catering in this industry which recently raised investments are MobieFit, Portea Medical, Netmeds, etc.
Need of investments in Healthcare
An investment is a generic need for any business or industry to grow. The most beneficial thing about this industry is that, there, not a particular community that businesses have to target as everyone needs it one day or another. In India, there is a shortage of medical facilities in rural areas which can be improved with proper funding.
A KPMG report reflects that approximately 74 per cent of the physicians in India caters to only one-third patient of urban areas. There are some drawbacks but where isnt so don't be afraid and explore investment opportunities.
There is no doubt that the Indian healthcare industry is whooping but the decision to make an investment solely depends on the investor. An investor has to see a lot of things before investing in a business and the most important thing to check is whether it is profitable or not. According to statistics, the healthcare industry is still lacking behind and there are a lot of startups emerging that can make a difference in the industry if they find a suitable investor.