In the next five years, digital healthcare in the nation will see exponential growth and there is a long way to go for the sector and businesses in this region. Healthcare sector as a whole in India is close to USD 200 billion in size, and only a single digit of it is online today.
There is still very little digital penetration of healthcare and 90% of healthcare is still offline today. Healthcare, from a consumer’s point of view, is a very complex industry. The client is already in a lot of pain and a high degree of anxiety, so they are trying to make sure that the user’s healthcare becomes a simple matter, no matter where he is in the world.
There is further convergence between offline and online healthcare, thanks to lessons from COVID. There are many healthcare establishments going online. The government has also been involved and is promoting the use of digital technologies in healthcare through initiatives such as the National Digital Health Mission (NDHM), he added.
The gross margins are at an all-time high on the future roadmap for the company, while the burn is at its lowest (57 percent reduction in burn since FY18).
In addition to boosting digital healthcare streams operating revenue, the positive unit economics, decreased cash burn and good gross margins across products have also given it a solid financial runway for the next 4-5 years to execute its growth strategy.