Healthcare and Lifesciences
The future of healthtech depends on government-private collaboration
01 Feb 2022
1 min read
As per a report from IAMAI-Praxis Global Alliance, India’s
healthtech industry is estimated to touch $5 billion by 2023—from a 2020
valuation of $1.9 billion, that’s a 39 percent compound annual growth rate. The
pandemic has, of course, played a major role in allowing Indian start-ups to
grow, but this is also a result of the liberalization of India’s FDI (foreign
direct investment) policies in the hospital sector and in the manufacturing of
medical devices; this will encourage further investment in the country’s
healthtech future.