India Telemedicine Market Overview:
According to the latest report by IMARC Group, titled “Indian Telemedicine Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” the India telemedicine market is expected to exhibit a CAGR of 30.20% during 2022-2027. Telemedicine refers to a method that is generally adopted by healthcare professionals to provide medical facilities to patients via digital telecommunications technology. It involves the utilization of live video and audio conferencing, electronic mail (email) and remote patient monitoring equipment in order to provide various clinical and non-clinical services. It makes healthcare accessible to the rural population while facilitating real-time sharing of health reports and treatment procedures. Its utilization also increases patient engagement in a cost-efficient manner. The demand for telemedicine is increasing across India due to the rising prevalence of chronic diseases and the growing geriatric population.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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India Telemedicine Market Trends:
The market in India is primarily driven by rapid digitization across the healthcare industry. This has encouraged leading players to heavily invest in the deployment of telemedicine due to its associated convenience offered to patients and healthcare professionals. Moreover, continual technological advancements in the sector and the widespread integration of the Internet of Things (IoT), cloud computing and artificial intelligence (AI) with telemedicine solutions are providing a boost to the market growth. Additionally, the rapid outbreak of coronavirus disease (COVID-19), followed by the consequent lockdown restrictions, has favorably impacted the demand for telemedicine.
Along with this, the increasing investments by private and public agencies for improving the overall healthcare infrastructure across the country are creating a positive market outlook. Other factors, including the rising need to provide quality medical facilities across geographical extended and rural locations, continuous improvements in the information & communication technology (ICT) infrastructure, the penetration of high-speed internet connectivity, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market across India.
India Telemedicine Market 2022-2027 Analysis and Segmentation:
Breakup by Component:
- Software and Services
Breakup by Deployment Mode:
Market by Modality:
- Store and Forward
Market by End User:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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