India’s Healthtech Sector: A Preferred Investment Destination For Private Equity Firms
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As more and more people are looking for new and the latest technologies to provide better treatments, the health tech industry in India is on the boom. The health tech startups are offering a wide range of products and services such as period tracker apps, blood pressure watches, etc. Given its focus on preventive healthcare, the sector is ripe for the entry of international and national private equityfirms in India.
There are several other factors making healthtech market in India
a preferred investment sector:
·
The geographical location, a huge network of
skilled professionals, and government support make India an ideal healthcare
destination for tech companies. Tech companies are using more online channels
to connect with and educate their audience, thus fuelling growth in the
industry. The Indian government is also supporting startups with tax incentives
and funding options.
·
The use of technology in treating patients has
increased significantly which resulted in a slew of healthcare innovations
using local resources for the Indian masses. So, compared to other economies in
Asia, India will be the most exciting to watch in terms of health tech and investment
by private
equity firms.
·
With the arrival of 5G, digital infrastructure
will improve, giving the grassroots population access to healthcare. India with
its growing population and inadequate infrastructure will tap into digital
health technologies to bridge the existing gaps in the healthcare
infrastructure and delivery.
·
With the proliferation of technology in Asia,
the populace in Asian countries is ready for the disruptions brought about by
health tech. Sensing this; governments in Asia are actively promoting
health-tech as the next engine of growth.
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