Indian HealthTech attracts foreign players to drive innovation

HealthTech has been expanding at a remarkable speed, inviting foreign prowess and technology to our shores. The ongoing digital transformation in the healthcare industry is driving innovations in advanced diagnostics, personalized medicine, big data, and AI, offering significant positive implications for society. This presents a tremendous opportunity for founders and investors to collaborate with innovators ready to shape the future of healthcare for the two billion people in India and Southeast Asia.

In August, Singapore-based Jungle Ventures added the HealthXCapital (HXC) team to lead the firm’s healthcare investments in India and Southeast Asia.

In September, Eye-Q, a hospital eye care chain, introduced the cutting-edge ELITA SILK Procedure, a technology by Johnson & Johnson, at its flagship eye-care facility. The introduction of the procedure marks a major milestone in the field of ophthalmology, offering the revolutionary “No Flap Procedure” with a micro-incision of a mere 2mm.

This advanced technology is specifically tailored for individuals with high power prescriptions, aiming to free the 18-35 age group from the reliance on eyeglasses. One of the striking advantages of SILK technology is the swiftness of recovery it offers. While traditional LASIK procedures require approximately one week for a full recovery, SILK technology ensures a remarkably swift recuperation, with just one day being sufficient. This not only makes the process safer but also significantly reduces downtime for patients.

With SILK technology, we aim to empower individuals to break free from the constraints of spectacles faster and safer than ever before. But beyond this facility, our journey continues
Dr. Ajay Sharma, Founder and CMD of Eye-Q

“This installation is not just a milestone; it’s a leap forward in revolutionizing how we provide eye care in India. With SILK technology, we aim to empower individuals to break free from the constraints of spectacles faster and safer than ever before. But beyond this facility, our journey continues. We are committed to expanding the reach of SILK technology, making world-class eye care accessible to more regions across the country. This is our promise, and this is our legacy in the making.” stated Dr. Ajay Sharma, Founder and CMD of Eye-Q.

Dr Kapil Arneja, Deputy Director- LASIK and Refractive Services, of Eye-Q’s, Eye-Q Super-Speciality Eye Hospital, Gurgaon Facility stated, “This groundbreaking technology redefines the landscape of eye care, offering a rapid and secure solution for those with high-power prescriptions.”

In April, Genzeon, a US based provider of intelligent automation, security, compliance, cloud, and managed services for healthcare and retail markets, opened its second office in India, located in Pune. This strategic expansion aims to harness Pune’s technology talent pool, which is supported by world-class universities and technical schools, to accelerate the development of innovative solutions in AI, machine learning, and intelligent automation.

The HealthTech ecosystem is thriving in India, bringing in more investment from global players.

Navanwita Bora Sachdev

Navanwita is the editor of The Tech Panda who also frequently publishes stories in news outlets such as The Indian Express, Entrepreneur India, and The Business Standard