JANUARY 20174For a developed society, it is imperative that healthcare services are available to every citizen throughout the country. Over the past five years, the Indian medical device industry has grown at a healthy rate of 15 percent and is expected to grow at a significant rate in the future as well.The government and industry have both been moving towards achieving the goal of providing affordable healthcare services to patients in India. These challenges have been addressed through policy, regulatory, financial reforms and product and technological innovation. With the support of government reforms, technological innovation and customization, the medical device industry is now moving towards greater inclusiveness while increasing patient-reach and reducing consumer spend. The startup revolution has touched all sectors in India, the healthcare sector being impacted the most. Amongst this, medical device startups have ushered in a change to the status quo, especially with digital solutions. Innovations have helped aggregating and making access to healthcare information and service a lot easier. The industry has attracted a few young entrepreneurs who want to bring change and disrupt the market through cutting-edge technology and innovation. Medical technology accounts for 20-25 percent of the total healthcare delivery cost, especially in the medical devices and the diagnostics space. Since the late 2000's, India has started to become an active hub for exciting technology start-ups in various fields and sectors. These start-ups are establishing themselves and competing with established global giants despite the regulations being inadequate and hold promise in helping the Indian healthcare sector bridge the gap between supply and demand among all segments ­ treatment, drug discovery, medical device inventions, and other services. In our current edition, we have identified such '10 Best Startups in Medical Devices' with the potential to bridge the huge demand-supply gap in the Indian healthcare system. These startups promise to develop advanced yet easy-to-use devices and make lifesaving medical technology more accessible in the country and are developing at lower cost.Do let us know your thoughts.Nandini MukherjeeManaging EditorMedical Devices Startups are Grabbing the World's Attention With Advanced and Affordable TechnologiesEDITOR'S NOTE Vol 2 · Issue 8 - 2 · January 20, 2017 Publisher Alok Chaturvedi Managing Editor Nandini Mukherjee Editorial Team Amit Raja Naik Ananth. V Abhijith Shetty Pushpita Das Sales & Marketing Ashu Sethi Garima Anand Editorial Queries editor@startupcity.com To subscribe Visit www.startupcity.com/subscribe Cover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murigheshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2017 Siliconmedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran Perumal Visualiser ManjunathSr. Manager Sales & Marketing Amrit Singhsiliconindia
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