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Healthcare Concepts

Healthcare IT venture capital funding up 32% at $1.6 billion in Q3

Date posted: Saturday 24 October 2015

Venture capital (VC) firms invested $1.58 billion through 148 deals in healthcare IT companies, rising 66% year-on-year, a report by Mercom Capital Group. Private equity and corporate venture capital firms invested $1.19 billion (139 deals) in the second quarter of 2015 and $956 million (212 deals) in the same quarter of last year.

Healthcare practice-centric companies raised $357 million in 42 deals; consumer-centric companies raised $1.2 billion in 106 deals; mobile health companies ranked second with $319 million in 59 deals, with mHealth apps receiving $206 million; wearables/sensors receiving $88 million; Personal health and wellness companies accounted for $114 million in 17 deals, followed by practice management companies ($72 million in 5 deals), telehealth ($65 million in 14 deals) and data analytics ($61 million in 14 deals). The top VC funded category this quarter was rating, booking and comparison shopping which brought in $728 million in 15 deals. The report covered a total of 551 companies and investors.

(Economic Times)



Healthcare providers to spend $1.2 B on IT in 2015

Date posted: Saturday 3 October 2015

Healthcare providers in India are expected to spend USD 1.2 billion on IT products and services in 2015, an increase of 7% over 2014, according to infotech research and advisory firm Gartner. The growth in the Indian healthcare ICT market will be driven by private sector as well as Government investments. The software market will grow 6.7% in 2015 to reach USD 102 million, up from USD 96 million in 2014. Vertical specific software (VSS), which includes hospital information system, electronic health/medical records, health information management and patient financial management, will grow 6% in 2015 to reach USD 28 million.

(Your Story)



Indian domestic pharma market is estimated at Rs 90,400 crore ending FY15: IBEF

Date posted: Saturday 12 September 2015

According to India Brand Equity Foundation (IBEF), a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the Indian domestic pharmaceutical market is estimated at Rs 90,400 crores ($15 billion) ending FY15 with a growth of 12%. It is estimated that almost 27-30% of India’s pharma market is catered by multinationals operating in India and around 4, 60,000 people are estimated to be employed in the pharma industry. Top 20 companies account for 64% of the market.

Public-private partnerships, an increased penetration of healthcare facilities in non-metro cities, involvement of multinationals in setting up facilities in the country, and establishment of educational institutions, are just a few multiple prime reasons enabling India to experience a surge in the global market. Other key assets which have played a role in India becoming a leading pharma market are a thorough know-how in the manufacture of generics, rapidly developing research and development facilities with talented technical staffing, internationally recognised systems of pharmacy education, and a broad patient population pool enabling intense clinical trials.

The last few years have reshaped and repositioned India in the realm of healthcare and pharma, and the results have started to show in its high ranking position in the global pharma market.

(Healthcare Express)



Healthcare Markets to grow to $280 billion by 2020

Date posted: Saturday 5 September 2015

India’s healthcare sector is expected to be $280 billion in size by 2020 from $73.92 billion in 2011, growing at a CAGR of 16%. As per FICCI-KPMG report, it is in “dire need” of right policy framework and infrastructure push. The report added however that it was high time the country realised the significance of healthcare as an economic development opportunity at national and state levels.
With the healthcare industry seeing a robust growth trajectory, workforce in the sector is expected to be at 7.4 million in 2022. The Indian healthcare workforce is expected to double to 7.4 million in 2022 from 3.6 million in 2013. The share of healthcare FDI has almost doubled since 2011, highlighting the growing interest of foreign players in the sector
India’s medical tourism has emerged as a strong segment due to India’s growing strength in healthcare delivery. People from different parts of the world travel to India to benefit from the comparative cost advantage and quality services. This market is expected to triple to $10.6 billion in 2019 from $2.8 billion in 2014, it added.
India’s telemedicine market is also growing significantly due to its potential to offer increased access, lower costs, better patient outcomes, greater patient engagement and improved safety. Though in a nascent stage, it is growing by about 20% a year. It is expected to more than double to about $19 million by 2017 from $8 million in 2012.

(Economic Times)



HomeHero

Date posted: Wednesday 8 July 2015

Launched in 2014, HomeHero helps families find, hire and manage affordable in-home care through an online marketplace of thousands of experienced caregivers, referred to as “Heroes.” The site provides access to high-quality video profiles, rigorous background checks, and references/reviews, so families are matched with the most reliable, trusted caregivers for their aging loved ones.





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