Imon Chakraborty

Exploring the potential of Health Tech Start-ups in India: A Critical Success Factors Framework

Health Information Technology (IT) Startups have become a booming industry. The phenomenon is global having health IT Startups emerging almost in all countries around the world. India's health IT Startup sector has made a significant impact on the economy. India's goal of reaching a $1 trillion digital economic by 2022 has been fuelled by the growth health Startups in the country. The number of Internet users in India has grown to over 500million today. The growth of health Startups in India makes the country the world's third biggest startup ecosystem behind the US and the UK. With healthcare records moving online, and more people including doctors expecting mobile solutions it seem only natural that start-ups are emerging to help users visit the doctor remotely, track their medication regimes or get a diagnosis from a doctor at long distance. Trailblazing into the healthcare market place, health Startups are bridging the gap between healthcare and technology to build safer and more inclusive healthcare experience. This calls for studies to systematically investigate the trends and prospects of factors that determine the effectiveness and the success of these startups. This study aims to propose to develop a critical success factors (CSF) framework for the Health IT Startups creation, growth, and sustainability in India. This framework can then be used by entrepreneurs to assess the outcome quality and the growth and sustain a startup in this area.