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Healthcare and Lifesciences
Increasing focus on the chronic care management opportunity
18 Sep 2024
In the following sections, where we delve into the prevalence of chronic diseases in India and the opportunities it presents for chronic care management. 

Chronic diseases are becoming an increasingly pressing issue in India, affecting millions and placing a significant strain on the healthcare system. With conditions like hypertension, arthritis, and diabetes on the rise, the need for effective chronic care management has never been more critical. The growing burden of chronic diseases in India presents several market opportunities for innovative care solutions and the potential for startups and entrepreneurs to make a meaningful impact.

Chronic disease burden in India

India has a large number of prevalent cases across different chronic diseases, including 177K per million cases of cirrhosis and other chronic liver disease, 191K per million cases of musculoskeletal disorders, and 91K per million of chronic kidney disease. This highlights a rising need for increasing focus on chronic care management solutions.
Factors driving market opportunity

The need for focus on chronic care management in India is because of an aging population, a rise in the share of non-communicable diseases (NCDs), and increasing spending on chronic therapy. The age distribution in India shows a growing proportion of the elderly, with the population aged 60+ expected to rise from 10% in 2020 to 13% by 2030. The share of NCDs, such as cardiovascular diseases, diabetes, and cancer, as causes of death is also increasing significantly, from 55% in 2011 to a projected 74% in 2030. 

Additionally, spending on chronic therapy has seen a substantial rise, with expenditure growing from INR 676B in 2021 to INR 809B in 2023, growing at a CAGR of 9.4%. These factors collectively create a robust market opportunity for innovations and advancements in chronic care management in India. 
Advancements in chronic care management

India is witnessing significant advancements in chronic care management through the collaborative efforts of several startups. Startups have made strides in healthcare, with AI-driven mental health assessments, digital therapy platforms, and wellness wearables breaking down stigma and providing accessible resources. Due to this, we have witnessed inorganic growth in the chronic care management space with investors funding several chronic care startups across the spectrum. 
Impact on stakeholders

The growth in the chronic care management market has a significant positive impact on both patients, with improved access to care, enhanced monitoring, and cost-effective care, and providers, with streamlined workflow, better resource allocation, and enhanced patient management.
At Praxis Global Alliance, we are committed to supporting healthcare delivery in navigating this evolving landscape. By leveraging the right strategies and technologies, we believe that the right ecosystem can transform the healthcare ecosystem, ensuring that every patient receives the highest standard of care and protection.

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