With a fast-growing middle class and increased usage of the Internet and mobile broadband, there is a high demand for quality and affordable healthcare in India. Healthcare market in India is poised to grow from $100 billion in 2016 to $280 billion in 2020, creating a huge opportunity for healthcare and health tech companies and startups.
While most health tech startups in India are still in their nascent stage, there are larger trends emerging in preventive healthcare, analytics, pathology, emergency services, among other things.
India’s Top 5 Healthcare Startup of 2019
We share below a list of 10 startups and discuss the larger trends emerging. The list in no way is exhaustive but is representational of the larger trends being witnessed in the sector.
1. LiveHealth – Top Healthcare Startup
Founded in 2013, the Pune-based startup works as a Management Information System (MIS) for healthcare providers. From collecting samples, managing patient records, diagnosing them and generating reports, to billing and inventory; LiveHealth intervenes at each step, making the process smarter and more efficient. Using AI to process millions of medical records and ERP transactions, LiveHealth soon plans to help doctors and patients make informed decisions.
The Delhi-based startup helps patients find doctors near their location,and connect with them instantly. Founded by Saurabh Arora and Rahul Narang in 2013, Lybrate helps patients communicate with a network of doctors, while keeping their anonymity intact. Born out of the need to eliminate the practice of chemists and pharmacists prescribing wrong medicines to patients, Lybrate has over 1,00,000 doctors across different specialisations connected with its service, providing instant support to patients over phone or through appointments.
The Bengaluru-based startup uses Artificial Intelligence for pain-free breast cancer screening. Detecting breast cancer in its early stage, Niramai’s screening device can detect tumours five times smaller than what a clinical exam can catch. The startup uses machine learning and big data analytics over thermography images to develop reliable and low-cost diagnostic methods. Founded in 2016, Niramai is among the leading startups using tech to fight cancer.
What started in 2007 as a SaaS platform for doctors has, over the past 10 years, evolved into a one-stop destination for appointments, consultations, health records, insurance, and ordering medicines online. With a team of over 1,500 people, the Bengaluru-based health-tech company is today active in 38 Indian cities, and in Singapore, Indonesia, the Philippines, and Brazil. With over 1,00,000 doctors supporting the massive scale of operations, Practo currently caters to 25 million patients every year.
Mumbai-based MUrgency is a healthcare mobile app that connects people who need emergency responses with qualified medical, safety, rescue, and assistance professionals. On the supply side, MUrgency acts as an aggregator bringing together varied emergency services – doctors, nurses, paramedics, ambulances, and first-aid assistants – all on one platform. On the demand side, users can call for emergency medical response and assistance with just one tap on the mobile app. So far, the app has responded to over 3,00,000 emergencies, helping patients during the critical hour.
So these were some of the best India’s top 5 healthcare tech startups that help Indians community to grow and to protect from disease Thanks )