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HealthTech Firms Invest in AI Tools for Personalized Care and Cost Reduction – Medical Buyer

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HealthTech companies pour money into AI tools to personalize care, cut costs – Medical Buyer

Indian health startups are leveraging AI to shift the nation’s approach to health monitoring. Companies like Tata 1mg, Fittr, Healthify, and Apollo Hospitals have introduced AI tools that personalize care, enhance diagnostics, and reduce costs, aiming to engage health-conscious users. The fitness market in India is projected to grow from ₹16,200 crore ($1.9 billion) in 2024 to ₹37,700 crore ($4.5 billion) by 2030, fueled by a surge in individuals pursuing specific fitness goals. Yet, retaining users remains a challenge due to perceptions of app functionality as optional. Barriers such as low preventive care retention rates and concerns over data privacy hinder growth. Nonetheless, initial positive trends are emerging; Tata 1mg reports a 30% engagement rate with its AI features, and Fittr has seen a 20% conversion to paid plans since introducing AI coaches. These advancements signal a shift towards a more personalized, engaged healthcare experience in India.

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