Last year the Budget allocated INR 86,200 cr to the Ministry
of Health and Family Welfare, which was a 16.5 per
cent increase when compared to FY 2020-21. This year,
all eyes will be on specific areas namely, GST reforms, allocation
to medical education, and infrastructure in Tier2
and Tier 3 cities.
With Covid rearing its head again, and numbers increasing in China,
the world is readying its healthcare systems for any possible outbreak.
Here in India too, healthcare facilities are reviewing their systems
to guard against any eventualities. The latest figures suggest India
has administered over 220 crore vaccine doses, and approximately
95 crore people are double vaccinated and over 22 crore people have
taken the booster dose. Post pandemic revamping of hospital infrastructure
has seen healthcare providers becoming self-dependent on
oxygen support, driving digital strength, and creating better monitoring
systems to better predict and control the next outbreak. We bring
you voices of leaders from across the sector on how the healthcare
sector has applied the learning from the pandemic to infrastructure,
processes, and most of all to delivering care.

Dear reader,
As we enter 2024, we must keep courage and compassion at the
forefront. History is proof that all success stories are centred around
these two aspects. And, not going too far back, look at the pandemic.
The biggest learning is to move forward fearlessly, albeit with compassion
for self and others. This is especially true when the going
gets tough.
This magazine focuses on healthcare trends, which we will see
throughout the year. Personalised wellness has gained prominence,
with genetic testing, microbiome analysis, and wearable trackers
guiding tailored approaches to diet, exercise and sleep. Advancements
in precision medicine, leveraging gene editing and targeted
therapies, will revolutionise healthcare, offering more effective and
personalised treatments. Artificial Intelligence (AI) will continue to
play a pivotal role, with AI-powered diagnostics, virtual assistants
and personalised treatment recommendations becoming commonplace.
Mental health continues to remain central to achieving holistic
wellbeing. We will see increased access to services like online
therapy platforms and workplace initiatives promoting well-being.
Wearable devices are evolving beyond step counting, monitoring
sleep, stress levels, and heart health, and providing valuable health
insights. Additionally, telehealth is here to stay, offering convenient
and accessible healthcare options, especially in rural areas or
for those with limited mobility. These trends collectively shape the
healthcare narrative, emphasising a proactive and individualised
approach to well-being in the coming year.

Dear reader,
India has a high burden of cardiovascular disease (CVD), which
is the leading cause of death. Environmental and lifestyle factors
are a leading cause for a number of people to be struck with
the disease even at a young age. Over the last few years, there
has been a lot of dialogue about CVD in the medical fraternity.
Research has led to a fair amount of advancements in the field.
In the current issue, we focus on the advancements and innovations
in the field. We feature the renowned cardiac surgeon
Dr. Devi Shetty who is the Founder, Chairman and Executive
Director of Narayana Health. He talks about cardiac care in India
and the advancements in heart treatment. He believes the
Indian healthcare, especially heart treatment, is as good as or
to some extent more advanced than what one gets in the first
world countries. 
The issue also features writings by industry experts on various
aspects of the healthcare industry.
Happy reading.

Dear reader,
Tech has been changing the landscape in the healthcare sector
for quite some time now. By leveraging technology, we are seeing
rapid and significant progress across the industry. Take for
example, the key aspect we are highlighting in the current issue
– remote patient monitoring.
Remote patient monitoring is revolutionizing the medical
industry,it can be efficiently used ina hospital settingas well as
for out of hospital care.It is estimated that the global multiparameter
patient monitoring market is expected to reach a value
of USD 15.2 billion in size by 2028, growing at a CAGR of 8 per
cent with the industry presently valued at USD 9.55 billion. In
this issue, we spotlight Hari Subramaniam, Co-Founder Life-
Signs who talks aboutthe remote monitoring product, LifeSignsiMS,
its journey and opportunities it presents to the medical
fraternity and the healthcare system in India.Initially the device
was tailored to aiding medical professionals providing cardiac
care by providing real-time ECG etc. since India has a significant
number of cardiac fatalities. From there,they developed
algorithms and software that enables the device to be used by
other specialties as well. Read all about the device in the pages
ahead.

Dear reader,
The healthtech sector in India is estimated to be at US$ 1.9
billion with a huge potential to grow. According to reports,
post pandemic the healthtech sector is set to grow at a CAGR
of 35 to 45 per cent over the next five to ten years. The industry
is poised to touch US$ 9-12 billion GMV by 2025. The rising
focus on preventive care, and increased penetration of digital
technology across the country has given a boost to the sector.
Experts believe that although the progress of the healthtech
sector is noteworthy, it is producing fewer unicorns than other
sectors. A push from the government, in terms of funding and
helping establish research facilities will help give the sector a
boost. Further, since it is an industry heavily reliant on trust,
it might be worthwhile for healthtech startups to partner with
established healthcare providers to offer better outcomes in
healthcare. This issue carries a special report on what it takes to
be a unicorn in the healthtech space.

Happy reading.

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BW HealthcareWorld Envisions to be the leading industry resource & preferred destination for all players in the healthcare ecosystem, BW Healthcareworld delivers high quality news, articles, stories, features, insights, research, company & professional profiling with a focus on the Indian Healthcare Industry.

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Business World Healthcare Magazine - February 2023

Business World Healthcare Magazine - February 2023

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