There is a high demand for quality and affordable healthcare in India due to a fast-growing middle class and increased usage of Internet and mobile broadband. With the healthcare market set to grow from $100 billion in 2016 to $280 billion in 2020, there are huge opportunities for healthcare and healthtech companies and startups to flourish.
Though the healthtechstartups in India are still new, there are larger trends emerging in preventive healthcare, analytics, pathology, emergency services, among other things. Let’s take a look at some of them.
LiveHealth was found in 2013 in Pune and works as a Management Information System (MIS) for healthcare providers. It intervenes at each step, from collecting samples, managing patient records, diagnosing them and generating reports, to billing and inventory. It plans to help doctors and patients make informed decisions using AI to process millions of medical records and ERP transactions.
Lybrate was found in 2013 in New Delhi and helps patients find doctors near their location, and connect with them instantly. It keeps the anonymity of the users intact while helping them communicate with a network of doctors. Providing instant support to patients over the phone or through appointments, it has over 1,00,000 doctors across different specialisations connected with its service.
Founded in 2016, this Bangalore based startupuses Artificial Intelligence for pain-free breast cancer screening.Niramai’s screening device can detect tumours five times smaller than what a clinical exam can catch, helping it detect breast cancer in early stages. To develop reliable and low-cost diagnostic methods, the startup uses machine learning and big data analytics over thermography images.