New Delhi, Nov 17 (KNN) The Indian healthcare sector has become one of the world’s most cost-effective healthcare destination, with the latest technology tools deployed, across care delivery and the sector is expected to reach USD 50 billion by 2025, said Union Minister Jitendra Singh on Wednesday.

Addressing the Healthcare Leaders’ Summit-2022 of the Economic Times in Gurgaon, Singh pointed out that at present there are over 4,000 healthtech startups in India spanning from platforms helping to monitor health conditions, apps using AI to detect illnesses and diseases, platforms connecting patients with doctors. He hoped that this ecosystem will grow further and become the leading sector in the world.

Singh pointed out that more than 10 lakh medical visas were issued to foreigners between 2019 and 2022 and India’s share in medical tourism is expected to be around 10 billion dollars by 2023.

Elaborating on the topic of the summit, “Building a Cohesive Healthcare Ecosystem in India through Proactive Government Initiatives” The science and technology minister said that only last month, while inaugurating health facilities in Gujarat, Prime Minister Modi said, “If the heart and intention of the government are not filled with concern for the people’s problems, then the creation of suitable health infrastructure is not possible”.

“The central government is focused on building a robust life sciences ecosystem through science and research, which will in turn reduce health inequalities and build a clear road map on the continuing successes of vaccines, therapeutics and diagnostics,” singh said.

He further added that the action plan laid out by the government to support healthcare stakeholders to create a vibrant healthcare ecosystem in the country is happening through funding, incentives, government and industry-academia partnership and incubation.

Singh concluded by saying that one can't visualize India @2047 through the prism of 2022. He said, Narendra Modi’s 8 years as Prime Minister gave India vision for 2047 and laid the roadmap for the next 25 years of Amrit Kal which would witness the ascent of India as a front-rank nation in the world in terms of best healthcare system.  (KNN Bureau)