Experts Speak Archives - Page 5 of 18 - Start-Up Hyderabad
Loading Startup Hyderabad

Category: Experts Speak

Finding Your Co-Founder – The Yin and the Yang Formula

In my previous blog, I talked about how your product idea can scale once it picks up market momentum with the ‘right’ product-market fit. That is about the idea. Consider this, what if your idea was …

Read More   1 year ago    

Disruptions in Healthcare Industry – An Indian Perspective By Sreedevi Devireddy

healthcare

India is ‘the’ land of opportunities when it comes to favoring startups since eons. Anyone with a vision and a will to do has always been recognised. The tag ‘The Golden Bird’ is still applicable.  From Agriculture to Aerospace, and from Defense to IoT, the Indian startup ecosystem has made a mark worldwide.

Healthcare is one of India’s largest sectors – both in terms of revenue and employment. The US healthcare industry share is around 18% compared to India’s 4%. Healthcare comprises of hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical tourism, health insurance and medical equipment the overall Indian healthcare market is worth around US$ 100 billion and is expected to grow to US$ 280 billion by 2020, a Compound Annual Growth Rate (CAGR) of 22.9 per cent. The Healthcare Information Technology (IT) market which is valued at US$ 1 billion currently is expected to grow 1.5 times by 2020. 

The Indian healthcare sector is growing at a brisk pace due to its strengthening coverage, services and increasing expenditure by public as well as private players. This clearly indicates that the Indian market is in a vacuum that needs to be filled by more healthcare startups that will support our nation’s health.

India’s competitive advantage lies in its large pool of well-trained medical professionals. Also, India is cost competitive compared to its peers in Asia and Western countries. The cost of surgery in India is about 10% of that in the US or Western Europe. 8 out of 10 antiretroviral drugs used worldwide to battle AIDS are provided by Indian pharmaceutical firms. The scope for enhancing healthcare services considering that healthcare spending as a percentage of Gross Domestic Product (GDP) rising is significant. Rural India, which accounts for over 70 per cent of the population, is a potential demand source.

India is amidst its own industrial revolution of sorts, wherein the government is encouraging start-ups with straightforward policies and relaxed regulations, which will promote the medical devices industry to encourage local manufacturing and move towards improving affordability for patients. Steps taken towards modifying the existing drugs and cosmetics act will also benefit the end user with overall reduced costs. New initiatives taken to set up 1.5 lakh wellness centres in villages is a sure shot sign of encouragement. The bonanza came in as the National Health Policy 2017 which has promised a healthier India to come.

India’s gain resides in the success rate of Indian firms getting the ‘Abbreviated New Drug Application (ANDA)’ approvals. India also offers vast opportunities in R&D as well as medical tourism. To sum up, there are vast opportunities for investment in healthcare infrastructure in both urban and rural India, success is defined only with the culmination of technologies to make a seamless environment. With major investments pouring in from Max Healthcare, OrbiMed, International Finance Corporation(IFC), Abraaj Group, and Kapil Khandelwal’s Toro Finsrer LLP, successful companies such as Practo, SigTuple, 1mg et al. are seeing the limelight.

India has humongous needs, it requires 6 to 7 Lakh extra beds over the next five to six years to meet the demands of the growing populous. Centralization of medical equipment needs to be addressed as well, emergence of industries such as Healthtech and IoMT (Internet of Medical Things) must fill the gaps left by an unbalanced past environment. With a vast population at hand and a complementing lack of supportive tools, the population needs devices and ecosystems that can help monitor their data to present it to a health care expert, real time. Initiatives like plans to set up a single window approval system for innovation in medical research and ‘Sehat’ (Social Endeavour for Health and Telemedicine) launched by Common Service Centre (CSC) to empower rural citizens by providing access to information, knowledge, skills and other services in various sectors through the intervention of digital technologies and fulfilling the vision of a ‘Digital India’.

Need of the hour is to have startups take charge of the situation and forcefully emerge into this sector. Startups have the responsibility of bearing the torch and to lead with disruptive businesses in healthcare. With the emerging investments and a plethora of encouraging policies from the government, a healthy competition between umpteen number of startups will only offer cost-effective problem based solutions in bulk for a mammoth of a country like ours. In our backyard Hyderabad, companies like medplus, call health, Onward Health, smiline, nefroplus et al, have proved that the market was ready to imbibe a disruptive model. With the right kind of information and mentoring from subject matter experts, the chance of being a successful enterprise is more than real and what lies beyond is benefiting to the economy and its populous only to fulfill the promise of a healthy and wealthy India.

About Author:

Devireddy Sreedevi (Executive Director, TiE Hyderabad) has Overall 17 years of diverse experience in Corporate Relations, Operations, Sales and Marketing.

Strong Business acumen coupled with people skills, Relationship management, Inspiring leadership evangelist

Email: ed@tiehyderabad.org ; devireddy.sreedevi@gmail.com

Linkedin: https://in.linkedin.com/in/drsreedevi

INTRODUCTION TO PEER-TO-PEER LENDING

   What if someone offered you services that are cheap, fast and good? In this world of disruptive ideas, we have cab companies like Uber and Ola (which don’t own cars) that offer all these, …

Read More   1 year ago    

Chai @ IAN powered by Yes Bank

  An investment is essentially an exchange of values. What the entrepreneur is “selling” and what the investor is “buying” are actually quite different. The inverse is true as well. Chai @ IAN will help …

Read More   1 year ago    

NASSCOM CUSTOMER INSIGHTS & ENGAGEMENT WORKSHOP

The strategies companies and brands adopt to engage with their existing and potential customers has seen a remarkable shift in the internet era. The ethos of mass production and product homogeneity have been replaced by …

Read More   1 year ago    

FailFest 3.0: Celebrating Failure

It is said that failure is the stepping stone to success. When failure plays such an important role in our lives, why not celebrate one? You can’t succeed every single time. You are bound to …

Read More   1 year ago    

Importance of SEO For B2B Companies And Best Practices

Companies are investing a lot of money on SEO and PPC campaigns to popularize their websites and boost their sales. It’s tough to predict SEO results for the upcoming year. The SEO strategies and related …

Read More   1 year ago    

10 Ways To Sell Like Eminem

It was in 2010, I was driving in the industrial area of Moulali, Hydereabad; it was my first customer meeting, my first potential sale from my first startup, and in my car I had the …

Read More   1 year ago    

Flexing and Stretching ideas, before starting up

The very first step of starting up is zeroing in on the idea. Very important that the idea should connect with the founder, Resonate strongly, Inspire, and Excite. But we all know that clear observation …

Read More   1 year ago    

5 ways to increase your productivity at work

Continuously increasing on your efficiency and productivity is a big step towards your success as an entrepreneur. “How can I increase my productivity?” is a constant question that a founder finds it difficult to answer …

Read More   1 year ago    
Page 5 of 18« First...34567...10...Last »

OUR BLOGGERS

  • Saritha Keshamoni

    Saritha Keshamoni

  • Ramya Sayaboni

    Ramya Sayaboni

  • Sruthi Malla

    Sruthi Malla

  • Ruchika Agarwal

    Ruchika Agarwal

  • Neeha Jayaram

    Neeha Jayaram

  • Sameeksha Bansal

  • Rahul Das

    Rahul Das

  • Srinivas Aki

    Srinivas Aki

  • Saloni Anand

    Saloni Anand

  • Dhivya

    Dhivya

  • Soumalya Chakraborty

    Soumalya Chakraborty

  • Sravya Gowrisetty

    Sravya Gowrisetty

  • Ramesh Loganathan

    Ramesh Loganathan

  • Monika Guwalani

    Monika Guwalani

  • Nischala Agnihotri

    Nischala Agnihotri

  • Nikita Kiran

    Nikita Kiran

  • Harshita Goel

    Harshita Goel

  • Ankur Mehta

    Ankur Mehta

  • Neha Mohsin

    Neha Mohsin

  • Maddy Anand

    Maddy Anand

  • Ayyappa Nagubandi

    Ayyappa Nagubandi

  • Chandra Mouli Koduri

    Chandra Mouli Koduri

  • Ayushi Pandey

    Ayushi Pandey

  • Divya Jyothi

    Divya Jyothi

  • Saptarshi Roy Chaudhury

    Saptarshi Roy Chaudhury

  • Amita Sood

    Amita Sood

  • Surya Vallae

  • Vana Korrapati

    Vana Korrapati

  • Ambika Asta

    Ambika Asta

  • Priyanka Mechineni

    Priyanka Mechineni

  • Anish Tadimarri

  • Vinita Surana

    Vinita Surana

image title here

Some title