Unleashing the HealthTech Potential in India

VRG member firm, RBSA Advisors, just released its newest research report on the Healthcare Technologies (HealthTech) industry.

The Covid-19 pandemic is proving to be a catalyst for transformational changes in businesses, economies and trade across the globe. The pandemic has underscored the importance of sectors such as Healthcare, Information Technology and Ecommerce. Particularly Covid-19 has boosted new-age technology-driven businesses across sectors as lockdowns and restrictions forced remote operations and large-scale dependence on technology.

The pandemic has put Healthcare at the forefront of human existence as never seen before. Within the Healthcare universe, the HealthTech ecosystem has been in the spotlight with rapid adoption of technology and digital healthcare. Due to physical restrictions and safety concerns owing to the pandemic, there has been an increased adoption towards tele-consultation, homecare services, e-pharmacy, online fitness and digital personal health management which has catapulted the Indian HealthTech sector on a high growth path. The consumer adoption that Healthtech has been able to achieve in 2020 would have taken at least 4-5 years in a non-Covid scenario.