Healthcare in India – Transforming through innovation

NASSCOM’s report on “Healthcare in India – Transforming through innovation” focuses on transformation witnessed in the Indian Healthcare ecosystem driven by emerging technologies and innovation. The findings are based on the analysis of the top use case submissions received during the 3rd Edition of NASSCOM Healthcare Innovation Challenge (HIC) conducted by NASSCOM COE IOT. The analysis covers in detail the infrastructure, technology, deployment, and pricing required for the implementation of these innovative use cases to enable process automation and technology advancement in hospitals and other areas in healthcare. A key highlight of the report is a detailed section on the HIC-3 winning solutions and recommendations for industry stakeholders to further strengthen the healthcare sector in India.

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Key Findings

>2.5X growth in the healthcare market from 2016-22, expected to reach $370+ Bn
2000+ HealthTech start-ups in the Indian tech start-up ecosystem, $1.2+ Bn funding raised in 2021
~1.8X Increase in healthcare expenditure (2018-25E) with focused policies fueling growth

Increasing life expectancy, rising income etc. – Shifting health indicators impelling healthcare innovation
New business solutions like home healthcare, Medical Value Travel (MVT) etc. emerging as niche growth areas

3+ Mn requirement of doctors and nurses by 2025
Telemedicine, health insurance, hospitals to see a major push
Focus on building workforce, easing public procurement, Bharat start-ups and digitizing primary care

100+ applications, 35+ finalists, 8+ winners and 5+ runner -ups
>50% use cases leverage Artificial Intelligence
>40% solutions can be deployed within 8 months

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