Healthcare Innovation and Entrepreneurship in India: Opportunity and Challenges

Abstract

Healthcare industry in India is one of the fastest growing one and presents tremendous opportunity for entrepreneurship across the entire spectrum. The industry is projected to grow to $ 280 billion by 2020 from the current level of $ 100 B. That is an outstanding growth opportunity by any measure and therefore entrepreneurs could potentially choose any segment within the industry and there will be a definite need there.

From, chronic disease management to single specialty chains, from tech platform for health services to EMR/EHR start-ups along with a range of innovative medical devices, we are seeing the entire spectrum covered with start-ups.

So, while the opportunity is unprecedented and very large, the challenges in India are formidable.

Any one who thought that creating an "App" will enable them to create a healthcare company has realized how wide off the mark that thinking was.