Growth seen for medical startups in India
Medical startups are gaining ground in India. Though private equity activity in India has been rather rabid over the past few years, some sectors such as healthcare appear to have leaped far ahead, with investments quadrupling almost every six months, reports The Pharma Letter’s India correspondent.
The healthcare sector as an industry has been expanding rapidly, and has not been as severely impacted by government regulations as some other industries. Estimates show that the overall Indian healthcare market is pegged at over $66 billion, of which the hospital supplies and healthcare equipment segment is only around $5 million.
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