India's healthcare market is growing at a strong CAGR of 16 percent, and is expected to reach $280 billion by 2020. The significance of healthcare as an economic development opportunity has increased manifold at both national and international level. India is rising as the fastest growing startup base worldwide and stands third in technology-driven product start-ups; the conducive ecosystem here holds great potential for healthcare start-ups.
However in order to tap the growing potential, innovation is the key to success. India's healthcare sector is notorious to change. As it provides huge opportunity for successful businesses to flourish, it also possesses a myriad of challenges which must be effectively addressed.