Pooja Devi, Team Consultants Review

Right from the beginning of the 21st century, the country has undergone a lot of developments taking place across varied industry verticals. And, one such sector is the healthcare. With requirements spanning a lifetime, the business of healthcare has transformed out of a sheer necessity.

In the early stage, the renowned names like Max, Fortis, and Apollo paved their existence with keeping their eye confined only to metro cities. But today, the next wave has brought in the major shift with penetrating into the Tier 2 & Tier 3 towns. 

Not only confined to this, the dawn of home healthcare services has encouraged numerous companies to foray into the trending market which eventually, has led to the plunge of innumerable start-ups in the particular domain. Captivating the essence to be the leading names, these companies are envisioned to be ‘people-centric, credible & comprehensive’ in nature.

Explicating the views from both the negative & positive ends, Vivek Srivastava, Co-Founder & CEO, HCAH – a platform backed by the Burman Group, HAH and Quadria Capital, says, “ The medical sector is booming but at the same time it lags behind in terms of enough hospitals, doctors, nurses and health workers which states the disparity and inequality in the quality of care. Thus, these have added more to the rise of home health care and also allowed doctors to treat patients beyond hospital boundaries. And, most importantly, at the comfort zone of the patients.”

Over the years, Indian healthcare has shown tremendous progress towards the ecosystem. With a population of 1.3 billion marching to be a developed economy by bringing in latest innovations and advancements across the varied field, the sector has transformed itself into an organized one; however, still, a lot of build-out is needed ahead.

In addition to this, the leapfrogging in mobile penetration has enforced the Govt. to reframe the plans and policies in concerned to healthcare along with has enlightened the young innovative minds to ameliorate the capacity and head out straight towards an organized entity. Not to be forgotten, it is pretty soon catching the attention of a lot of investors.

As healthcare is always meant to hold significance to each one of us, today the business of healthcare is soaring like ‘It’s no one’s businesses’. The sector seems to a promising one!!