India’s public spending on healthcare is less than 1.6 % of GDP compared to 5% by China and Russia, 8% by South Africa, and over 9% by Brazil. India needs to increase its public spending on healthcare to at least 5% of GDP.
| Inception | 2015 |
| Location | Jaipur |
| Domain | Medtech/ Diagnostics |
| Founders | Dr Anita Bhandari and Rajneesh Bhandari |
| Total team strength | 135 |
| Total funds raised | Rs 7.42 crore |
| Investor | Unicorn India ventures |
| Revenue generated since inception | NA |
India’s public spending on healthcare is less than 1.6 % of GDP compared to 5% by China and Russia, 8% by South Africa, and over 9% by Brazil. India needs to increase its public spending on healthcare to at least 5% of GDP. India’s medical devices market is about $15 billion, which is expected to grow to $50 billion by 2025. Today India imports 80% of its requirement. An increase in public spending coupled with “Make in India” will lead to tremendous growth in the medical devices market and adoption of innovative healthcare solutions.
Know More About Balance Disorders:
- Balance Awareness Week 2024: Understanding and Identifying Balance Disorders
- Balance Rehabilitation: Exercises and Therapy Techniques
Key Highlights
- Launched remote diagnostic platform for super-specialty healthcare
- World’s first chain of vertigo, dizziness and balance disorder clinics
- 6 India patents granted so far. Two US patents granted.
- Received European CE certification
- Over 125 installations in India including AIIMS Delhi, AIIMS Raipur, Apollo hospitals , Fortis , Max hospitals , Columbia Asia hospitals etc
- To open 1000 clinics globally in next 3 years
- Revenue projection for FY21- Rs 12 crore
- Source: Link
