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Indian Healthcare Uphill March against Entrenched System

Akhil Saklecha, Managing Director, Artiman Ventures
Wednesday, July 2, 2014
Akhil Saklecha, Managing Director, Artiman Ventures
Artiman Ventures is an early-stage venture capital firm with offices in Silicon Valley and Bangalore. The firm operates in diverse sectors including enterprise, financial services, construction, food, healthcare, software and hardware.

The Innovation of Healthcare in India,

Healthcare in India is at a crossroads. On the one hand, it's never been rosier. According to the World Health Organization, India has made significant strides over the past 50 years by improving life expectancy from 42 years to 65 years, reducing infant mortality by two-thirds, and eradicating small pox and polio. Yet on the other hand, the rising incidence of chronic illnesses such as diabetes, hypertension, and cardiac disease will eventually overwhelm a system that is already hampered with limitations in accessibility, affordability, and awareness.

The elephant in the room is the wealth disparity that is clearly evident in the Indian healthcare system. Those in the lower socioeconomic strata are confined to underfunded public facilities and insufficient medical providers, whereas those with the ability to pay have the chance to enter world-class centers of care that offer cutting-edge technology and super-specialists at their beck and call. Interestingly, the summation of all of these factors makes the current climate in healthcare a fertile area for both entrepreneurs and investors.

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