What to expect from health tech in India in 2016
30-Dec-15, SYour Story
The healthtech space has grown steadily in the past 12 months, not just in terms of funding but also in the number of deals.
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Even in terms of percentage share, investor interest in healthcare in the world’s second-most populous country has never been so high. Market experts attribute this increasing interest to a host of factors, including wider profit margins, increased demand for generic drugs, and M&A activity in the sector. Analysts remain bullish on the sector, saying the heightened interest will be sustained in the near future.
Data for 2000-2015 from the Department of Industry Policy and Promotion shows FDI investment in hospitals and diagnostic centres totalled $3.21 billion. According to IBEF, the healthcare market in India was worth close to $100 billion as of 2015 and is expected to touch $280 billion by 2020, clocking a CAGR of 22.9 percent. Of the overall market, the healthcare delivery sub-segment accounts for 65 percent.