Indian health tech seen growing to $20B by 2028: report

The health technology sector in India, consisting of 10,000 startups, is expected to triple in value by 2028. A report by Bain & Company and HealthQuad focused on segments like pharma services, health tech, biotechnology, and medtech. Health tech accounted for 25% of India’s healthcare innovation market in 2021, projected to increase to 35% by 2028. Investors are looking for business models with low risk and strong economics, particularly in enterprise-facing businesses. Indians are increasingly using digital health applications, driving growth in this sector. Partnerships and proper training are highlighted as key to the success of India’s digital health transformation.

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