India Telemedicine Market is Expected to grow at a Significant Pace i.e., USD 6.1 Billion during the Forecast Period 2021-2027

Published Date: Jul, 2021

The India Telemedicine Market is expected to witness a CAGR of 31% during the forecast period. India is poised to have a developed digital health ecosystem owing to its adoption by patients and physicians along with emerging technologies. In order to have support for the growth, wider acceptance, and usage, a strict regulatory and governance framework is required. The COVID-19 pandemic provides unprecedented challenges, changes in consumer behavior, and patterns. The social distancing norms and risk of exposure to the infected patients have led to the traditional face-to-face doctor-patient interaction to telemedicine for consultations. Telemedicine is increasingly used as it saves a lot of time both for patients and doctors. Moreover, the doctors can attend to a large number of patients, and patients from remote areas have an access to specialists, resulting in the growth of the Indian telemedicine market. The rising population, increase in the prevalence of chronic diseases, rise in the cost of healthcare services, the need for medical requirements in remote locations, and amplified number of smartphone users are the factors driving the growth of the Indian telemedicine market. The rapid growth due to the increased digitalization will lead to certain challenges in the Indian telemedicine market such as patient data privacy and prescription substitute. Hence, a strong regulatory framework is required for the interest of patients and consumers.

The COVID-19 pandemic has a positive impact on the Indian telemedicine market as it has led to the adoption of telemedicine by patients and doctors. Companies are witnessing a rise in the number of telemedicine visits as there is an increase in demand for video consultation.

1mg had the highest number of downloads (184.2K) among telemedicine startups during Jan 1-Feb 10, 2021. With the Covid-19 vaccination pace picking up across the country, the company has invested in expanding its cold chain and training thousands of vaccinators. It is also in touch with vaccine makers for possible partnerships to participate in COVID-19 vaccination when the government allows the private sector to step in.

Browse 21 market data Tables and 16 Figures spread through 150 Pages and in-depth TOC on " India Telemedicine Market by Type (Hardware, Software, and Telemedicine Consultation Services, by Modality (Real-Time Telemedicine, Remote Patient Monitoring, Store-and-Forward Practice, Consultation Between Specialists and Primary Caregivers, Medical Imaging, and Telemedicine Networks), by Application (Teleradiology, Telepathology, Telecardiology, Telepsychiatry, Tele dermatology, and Others), and by End-User (Healthcare Facilities and Homecare)- Forecast to 2027"

By modality, the real-time medicine segment offers lucrative opportunities for growth during the forecast period.

Based on modality, the Indian telemedicine market id segmented into real-time telemedicine, remote patient monitoring, store-and-forward practice, consultation between specialists and primary caregivers, medical imaging, and telemedicine networks. There are devices to monitor patients’ health such pulse, saturation pulse, and ECG in real-time, thus providing a real-time solution based on the real-time information will boost the Indian telemedicine market.

India Telemedicine Market Segmentation Analysis

 

Segment

Categorization

Leading Category

Type

Hardware, Software, and Telemedicine Consultation Services

Telemedicine Consultation Services (Largest)

Modality

Real-Time Telemedicine, Remote Patient Monitoring, Store-and-Forward Practice, Consultation Between Specialists and Primary Caregivers, Medical Imaging, and Telemedicine Networks

Real-Time Telemedicine (Fastest)

Application

Teleradiology, Telepathology, Telecardiology, Telepsychiatry, Tele dermatology, and Others

Teleradiology (Largest)

Telepsychiatry (Fastest)

Telecardiology (Fastest)

End-User

Healthcare Facilities and Homecare

Homecare (Significant Growth)

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Telemedicine is a game-changer for Rural India

India is the seventh-largest country in the world and has the second-highest population but a significant portion of India’s population is not getting primary health care. The situation in the rural parts of India is devastating. The COVID-19 has proven an urgent need to shift the paradigm of primary care delivery. Instead of the patient coming to the doctor, the opposite is needed. Medical practitioners had to find a way to reach out to society's most vulnerable and distant parts. However, slowly but surely, things are changing for the better. Thus, there is a market for telemedicine in rural parts of India.

Some of the key players operating in the India telemedicine market: Practo, 1mg, CVS Health, Lybrate, Inc., NovaCura Tech Health Services (mFine), Netmeds Marketplace Ltd., Meta16labs Healthcare & Analytics Pvt., Ltd., TeleVital, Zoylo Digihealth Pvt. Ltd., and Rijuven (India).

Scope of the Report

 

Report Metric

Details

Market Size Available for the Years in the Study

2019–2027

Historical Period

2019–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Type, Modality, Application, and End-User

Companies Covered in the Study

Practo, 1mg, CVS Health, Lybrate, Inc., NovaCura Tech Health Services (mFine), Netmeds Marketplace Ltd., Meta16labs Healthcare & Analytics Pvt., Ltd., TeleVital, Zoylo Digihealth Pvt. Ltd., and Rijuven (India)

India Telemedicine Market Coverage

Type Insight and Forecast 2020-2027

  • Hardware
  • Software
  • Telemedicine Consultation Services

Modality Insight and Forecast 2020-2027

  • Real-Time Telemedicine
  • Remote Patient Monitoring
  • Store-and-Forward Practice
  • Consultation Between Specialists and Primary Caregivers
  • Medical Imaging
  • Telemedicine Networks

Application Insight and Forecast 2020-2027

  • Teleradiology
  • Telepathology
  • Telecardiology
  • Telepsychiatry
  • Tele dermatology
  • Others

End-User Insight and Forecast 2020-2027

  • Healthcare Facilities
  • Homecare
Our Industry
India Telemedicine Market is Expected to grow at a Significant Pace i.e., USD 6.1 Billion during the Forecast Period 2021-2027