India's orthopaedic and cardiac implant sector is expected to reach USD 4.5-5 billion by 2027-28, mainly driven by strong domestic demand and gradually growing exports, a report said on Monday. Currently, the orthopaedic and cardiac implant sector, including exports, stood at USD 2.4-2.7 billion in FY24, according to a report by CareEdge Ratings. The growth in the sector is led by increasing per capita income, greater healthcare awareness, ageing population, expanding healthcare infrastructure, and broadening insurance coverage, it stated. The report said that domestic manufacturers have grown at a faster pace than the dominant foreign MNCs in recent years, aided by their price competitiveness and a gradual build-up of an efficacy and safety track record. The segment is dominated by the presence of foreign multinational companies, which largely import the implants and sell them in India as the implant business requires strong technological capabilities, a proven track record of saf
Advent and Apollo HealthCo have entered into a deal through which Advent will invest Rs 2,475 crore into Apollo HealthCo
Industry provides at-home care and assists patients needing rehabilitation after hospitalisation
Go for cashless treatment where available, as the reimbursement route is more burdensome
The past two years have been transformative for the home healthcare industry, says Meena Ganesh, co-founder, Portea. She says her focus is on developing a strong tech ecosystem to manage patients
Vaccine hoarding leading to new Covid-variants? What Portea's Meena Ganesh's take on home healthcare? Will defensive bets outperform the markets? What is plant-based meat? Find all answers here
The firm is the home healthcare and wellness space
The home healthcare industry in India is expected to continue growing at 15-19 per cent a year to touch $11-13 billion by 2025 from $5.4 billion currently, a Redseer Consulting report said on Monday
Catering to the infirm or those with busy work schedules, these services are just a phone call away or available at the click of a mouse. Just make sure the service provider is reliable
Home Healthcare is a $5 billion market opportunity, and is quickly lilely to double, according to Vishal Bali, co-founder and chairman of Medwell Ventures