FUNDAMENTAL BIOS PRIVATE LIMITED

In their own words

COESHAan initiative by FUNDAMENTAL BIOS We at www.coesha.com an initiative by FUNDAMENTAL BIOS are a team with a vision to work with healthcare experts and the industry to provide a healthier tomorrow. With the help of our online platform for convenient and affordable healthcare services, we aim to create a healthier world through our on-demand health services and healthcare experts that are accessible, affordable and of the highest quality. We are also trying to implement this integrated healthcare system for our loyal and beloved pets, livestock and other animals with access to trained veterinarians, pet clinics, animal hospitals, diagnostics and blood banks. Current Status of INDIA’s Healthcare Sector • India has improved its ranking on global healthcare access and quality index from 153 in 1990 to 145 in 2016. • India’s per capita General Government Health Expenditure is 23$ (1500 ₹ approx.) • India spends just 1.4 percent of gross domestic product on health. • In 2016 Goa (64.8) and Kerala (63.9) were at the top of HAQ index on the other hand Chhattisgarh (34.7) Jharkhand (34.7), Bihar (37), Odisha (36.3), UP (34.9) and Assam (34) fared low. India v/s Others • India ranks lower than neighboring Bangladesh and even sub-Saharan Sudan and Equatorial Guinea on HAQ index. • India lags way behind its BRICS peers Brazil, Russia, China and South Africa on the HAQ index. • India’s rank is also worse than that of many poorer countries in Sub-Saharan Africa such as Sudan (136), Equatorial Guinea (129), Botswana (122) and Namibia (137). Even conflict-ridden Yemen (140) performs better than India. • The differences between India and China could be due to multiple reasons such as large variations in physical access to health facilities, the state of health infrastructure, the level and scale-up of medical technologies, and the provision of effective services across the spectrum of care. India’s Potential • India has the most private healthcare system in the world. Out-of-pocket private payments make up 75% of the total India is one of the most populous countries. • expenditure on healthcare. Only one fifth of healthcare is financed publicly. This is in stark contrast to most other countries of the world. • Indians consumed the most antibiotics per head in the world in 2010. • There are 1.4 million doctors in India. Yet, India has failed to reach its Millennium Development Goals related to health. • Urban public hospitals have twice as many beds as rural hospitals, which are lacking in supplies. How to improve the system • Different factors related to public healthcare are divided between the state and national government systems in terms of making decisions. Interaction between the state and national governments does occur for healthcare issues that require larger scale resources or present a concern to the country as a whole. • The healthcare system of India is lacking in three factors related to access to healthcare: provision, utilization, and attainment. • Government health policy has thus far largely encouraged private sector expansion in conjunction with well-designed but limited public health programs. • Private healthcare providers in India typically offer high quality treatment at unreasonable costs as there is no regulatory authority or statutory neutral body to check for medical malpractices. • The lack of human resources causes citizens to resort to fraudulent or ignorant providers. Doctors tend not to work in rural areas due to insufficient housing, healthcare, education for children, drinking water, electricity, roads and transportation. • The World Health Organization recommends that countries spend 4-5 percent of their GDP on health to achieve universal healthcare. Animal Healthcare & Insurance in India • The overall market for animal healthcare in India can be broadly segmented into livestock and companion. Between the two, the segment of livestock animals account for greater market share and going forward too is expected to retain it because of the growing threat of animal-borne diseases and the subsequent need of diagnosing and treating those early on. Region-wise, the key segments of the animal healthcare market in India. • The TMR report finds that the market would rise at a 8.0% CAGR over the course of the forecast period starting from 2016 and ending in 2024. Rising at this pace, the market which was worth US$0.59 bn in 2015 would likely become worth US$1.17 bn by 2024. • Currently valuing over USD 4,600 million, the medicated feed additives market is poised to become a major contributor in years to come. • Pet animal healthcare market valued USD 1,900 million in 2017, is positioned to expand rapidly in coming years. • Animal vaccine market is estimated to expand at CAGR 3.9% during the forecast period. Vaccines have gained importance rapidly in past 2 decades. • According to data available on the India International Pet Trade Fair (IIPT

Written by the company on its public Startup India profile. Not verified by us.

Is this your company?

Everything here comes from public government records. If something is wrong, the authoritative place to correct it is the Startup India portal itself, and we will pick the correction up on the next monthly snapshot. To flag an error on our side, use the report link or write to trust@indianstartupmap.com.

How we built this record Where the data comes from How you may reuse it