Is Everything Alright With Tech HighFlyer Practo?
India has made rapid progress in digital transformation of the economy.
The digital adoption index has been growing at a rate of 90% annually. The healthcare sector in India has adopted digital transformation to improve quality and accessibility.
The Indian Healthcare market is estimated to grow at a CAGR of 23% to USD 280bn by 2021 from USD 100bn in 2015.
Based on type, the digital healthcare market is segmented into telehealth, mHealth (mobile health, a term used for the practice of medicine and public health supported by mobile devices), electronic health records/electronic medical records (EHR/EMR), and others (remote diagnostics and healthcare analytics).
The mHealth segment is estimated to dominate the market, with ~40.64% of revenue share in 2024, followed by the telehealth segment. The country’s healthtech market has attracted the attention of investors and corporate houses.
Digital health start-ups are now an integral part of the Indian healthcare ecosystem.
One particular startup generated a ton of publicity and nearly a quarter-billion in venture funding but has been unusually quiet recently, Practo.