New tech platforms and business models to drive health insurance – low health insurance presence (18 per cent of urban population and 14 per cent of rural population)
The collaborative report titled Investing for Impact: Healthcare, Pharma & Healthtech has been put together by Aspire Circle with the help of 21 co-authors and 6 guest contributors, with Capgemini as key sponsor.
The report spells out India’s top ten outstanding investment ideas, being shaped by new-age technologies, innovative business models, delivery platforms and regulatory environment: Preventive and Primary Healthcare; Pharma, Drug & Vaccine Manufacturing; Screening, Diagnostics & Testing; Affordable Healthcare and Operational Efficiency; Medical Tourism; E Healthcare & Telecare; Health Insurance & Innovative Impact Financing; E-Pharmacies; Medical Workforce Education & Skilling; and Gene Therapy.
Amit Bhatia, Founder of Aspire Circle & Creator – Impact Future Project said, “Indian healthcare will become the second most attractive investment sector this decade, behind food, agri & agritech but ahead of BFSI, financial inclusion & fintech. COVID-19 has thrown open India’s health infrastructure fault-lines and both entrepreneurs and investors are on an epic mission to convert the crisis into an investment opportunity. The top 10 ideas in our research can lead annual investment growth from $52 to $179bn between 2020 and 2030 and grow related revenues from $183 to $610bn. These top 10 ideas will serve and impact 1.5 billion Indians, create 12 million cumulative jobs and grow the overall sector to a colossal USD 774 billion by 2030 – an incredible promise worth nurturing.”
Anant Maheshwari, President, Microsoft India said, “The last two years have put the healthcare industry in our country through the toughest challenges. The healthcare landscape in the country also threw up the gaps between private and public and urban and rural healthcare like never before. Yet, technology interventions have helped to reach out to patients beyond the geographical boundaries of cities and states and cut costs and boost staff productivity, while improving overall care and outcomes. Healthcare is now a benchmark for all other verticals of the incredible social impact & welfare with technology disruptions – it has set the template for inclusive healthcare on scale for the future.”
Ravi Kant, Former CEO, Tata Motors said, “Good health is the primary need of every human being. Though we in India have progressed a lot in providing health care and in increasing longevity, we continueto host world’s largest number of blinds, diabetics, patients suffering from cancer, heartand several other diseases. Recent pandemic has only highlighted inadequacy onseveral fronts in health care. Though we produce world class physicians, surgeons and nurses, we are woefully short both in reach and quality medical care at affordable pricesto a vast majority of our population. This clearly can be overcome by the combined might of the government, private sector and individual initiatives.”
Visalakshi Chandramouli, Managing Partner, Tata capital Healthcare Fund added, “The on-going pandemic has brought to sharp focus the structural demand-supply gaps in our country’s healthcare systems. The structured brainstorming discussions at the IFP forums have helped prioritise the themes that will likely dominate the country’s healthcare and life science sectors over the next decade. Each of the themes shortlisted has a pivotal role to play in driving the sector’s enormous growth potential.”