The Healthcare industry has a wide coverage and includes biotechnology, pharmaceutical, medical devices, clinical diagnostics and healthcare IT. The industry has evolved based on the increasing patient awareness and emergence of technically advanced equipment. The industry aims for constant growth with the support of an inclusive environment. The diagnostics segment is ready to experience breakthrough with the commitment of Apple and a start-up named Health Gorilla. Despite presence of multiple unorganized diagnostic labs at regional level, an initiative like this would lead to consolidation. The strategic alliance between medical device manufacturers and technology providers will lead to development of technically advanced equipment. The entrants in health insurance sector is set to disrupt the market. The pharmaceutical sector faces challenges in terms of price war and patent expiry issues as well as regulatory framework worldwide. The companies are working on providing personalized medicine, a patient-centric approach is being applied across. E-Pharmacy is the future and there is enough movement in the sector with respect to strategic tie-ups and acquisitions. Amazon bought a US based company named Pillpack which provides the liberty to users of buying pre-made doses of medication. The trend of minimally invasive surgeries has helped the patients move out of the four walls of hospitals. Multiple diagnostic procedures and surgeries can now be performed in an outpatient arrangement. Healthcare delivery would be enhanced due to introduction of Artificial Intelligence (AI), robotics, blockchain, virtual health and Internet of Medical Things (IoMT). All the healthcare ecosystem stakeholders are required to unite in order to work towards a common goal of hassle free delivery of healthcare products and services.

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