Practo CEO: Digital Healthcare To Witness Exponential Growth
The COVID-19 pandemic has accelerated the integration of offline and online healthcare. With present market trends, there is still a long way to go for the sector and companies in this space.
As per Practo Co-founder and CEO Shashank ND, digital healthcare in the country is going to witness exponential growth in the next five years.
He said healthcare as an overall sector in India is close to $200 billion in market size, and just a single digit of it is online today.
Talking to PTI, Shashank said,
“I expect that this single digit will grow into 20-30% in the next 5-10 years and that is going to be a real big jump for the sector.”
“Last year, we served close to 18 crore Indians, and in the last couple of years, we have served close to 30 crore Indians. Our goal has been to ensure how to make healthcare simplified for the user.”
Shashank added that Practo presently has around one lakh doctors on its platform out of which 25,000 provide online consultations.
Talking about the healthcare sector, Shashank said,
“We are just barely scratching the surface. Digital healthcare is still very small. So for companies like us, there is a long way to go. Next five years will see exponential growth in digital healthcare.”