Analysis of Startup in India’s pain relief sector

India's healthcare sector has generally experienced robust growth in the past decade. With increasing awareness among the population regarding healthcare needs, medication and others, the demand for pain-relief services and over-the-counter pain-relief medicines has increased. Startups in Pain Relief Sector (PRS) have met this demand quite well by providing necessary pain-relief services to patients which in turn has played a critical role in improving the quality of life for the patients. UltraCare PRO, Dhama Innovations, Unexo Life Sciences, Tanyx, 6iPAIN HEALTHCARE and some other startups in the pain-relief sector have performed considerably well. These startups have leveraged modern technology such as AI, AR, VR, data learning and others to provide remote pain-relieving services to patients. Thus, these startups enhanced the quality, accessibility and affordability of such services as well. Despite the growth, there are certain challenges such as complex legal regulations, lack of funding, government support and others that deter the growth of startups in PRS. Public-private partnerships, FDI, and leveraging the existing market gap can help such startups ensure long-term growth in the future.

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Publication Details

Journal
International Journal of Research in Finance and Management
Published
2025-01-01
DOI
https://doi.org/10.33545/26175754.2025.v8.i1c.450
Primary Topic
Innovation and Socioeconomic Development
Type
article
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article

Analysis of Startup in India’s pain relief sector

Urvi Nikhil Kumar
International Journal of Research in Finance and Management
Innovation and Socioeconomic Development
article

Analysis of Startup in India’s pain relief sector

Urvi Nikhil Kumar
article en

Abstract

India's healthcare sector has generally experienced robust growth in the past decade. With increasing awareness among the population regarding healthcare needs, medication and others, the demand for pain-relief services and over-the-counter pain-relief medicines has increased. Startups in Pain Relief Sector (PRS) have met this demand quite well by providing necessary pain-relief services to patients which in turn has played a critical role in improving the quality of life for the patients. UltraCare PRO, Dhama Innovations, Unexo Life Sciences, Tanyx, 6iPAIN HEALTHCARE and some other startups in the pain-relief sector have performed considerably well. These startups have leveraged modern technology such as AI, AR, VR, data learning and others to provide remote pain-relieving services to patients. Thus, these startups enhanced the quality, accessibility and affordability of such services as well. Despite the growth, there are certain challenges such as complex legal regulations, lack of funding, government support and others that deter the growth of startups in PRS. Public-private partnerships, FDI, and leveraging the existing market gap can help such startups ensure long-term growth in the future.

International Journal of Research in Finance and ManagementVol. 8(1)
High Energy Materials Research Laboratory (IN)
Decent work and economic growth
Openalex Percentile: Top 88%
Innovation and Socioeconomic Development
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