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Delhi-NCR, Bengaluru and Mumbai represent 75% of healthcare startups in India: Craft Driven Market Research

By   /  September 7, 2016  /  Comments Off on Delhi-NCR, Bengaluru and Mumbai represent 75% of healthcare startups in India: Craft Driven Market Research

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New Delhi:  With India has emerged as the hub of startup activities, many young entrepreneurs have emerged in the country and have brought advanced technologies in different sectors and industries. One of the most sought sector these days is healthcare. Delhi/NCR, Bengaluru and Mumbai are the cities with 75% of start-ups in healthcare sector. Other emerging cities are Hyderabad, Chennai, Pune and Ahmedabad, as per Craft Driven Market Research, a market intelligence, business consulting and market research services provider to startups that span across various segments.

The research report of Craft Driven Market Research revealed that Bengaluru has received maximum funding till now in health-tech sector followed by Delhi and Mumbai. 2016 is expected to see a rise of 88% in the number of funding and investment in healthcare start-ups.

One of the oldest segments in health-tech start-ups is doctor-patient platform and 22.37% start-ups are based on this idea. Further, the report found that majority funding has been done in the doctor-patient platform based start-ups which is followed by health plan serving start-ups.

Craft Driven Market Research studied 154 health-tech start-ups of India which are currently active and investigated different parameters attached to them. The research report also mentioned that with massive R&D and innovation taking place in these start-ups, the future of the country is expected to be much influenced by these start-ups.

In addition to doctors and patients platform, the healthcare startup has already moved further with many more segments and services in the sector. More and more startups are evolving in the areas of fitness, health plans, online health monitors, information providers, medical device suppliers etc. These startups will surely change the way healthcare sector works currently.

The research report also mentioned that India is one of the strongest contenders for healthcare services in the world and the rise of technology based startups in the country will give way to better health services which will attract medical tourism as well.

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