Growth and higher growth' has been the story of India's remote delivery of healthcare services market, also known as TeleHealth. According to industry observers, the growth in the TeleHealth space in India has been more than a hundred percent, if not higher, during the past two years.
The trend looks no different when we compare it with the global market. According to a report by MarketsandMarkets, the worldwide TeleHealth and telemedicine market is expected to reach $285.7 billion by 2027, growing by a compounded annual growth rate of 26.6 percent. The factors driving this growth include the rising population, increasing need to expand healthcare access, growing prevalence of chronic diseases and conditions, shortage of physicians, advancements in telecommunications, rising government support, and growing awareness. Interestingly, each of the above factors applies to India, indicating considerable growth for TeleHealth.
Adoption of TeleHealth in India
Although TeleHealth existed well before the pandemic, it was during the pandemic era that it witnessed substantial growth. When patients could not leave their homes due to lockdown, India's healthcare service providers reached out to them remotely via TeleHealth.
"In India, the growth of TeleHealth is driven by increasing acceptability among people, ease of use, convenience, low cost, and widespread internet availability. The absence of good doctors and medical specialists in rural areas is another factor popularizing TeleHealth in the hinterland," comments Ajay Sharma, Co-founder and COO, DESH Clinic, Delhi. DESH Clinic, a health-tech company, operates 100 digitally enabled smart health (DESH) clinics in rural and semi-urban areas across India.
Denne historien er fra September 2022-utgaven av Healthcare Radius.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2022-utgaven av Healthcare Radius.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
KIMSHEALTH launches electrophysiology lab with 3D mapping
'ENSITE X' is the first of its kind in Kerala and the third in India enabling precise identification, mapping, and targeting the abnormal electrical activities in the heart.
Molbio boosts Goa's healthcare system with CSR initiatives
The company has donated four state-of-the-art Advanced Life Support (ALS) ambulances and two hearse vans for National Highway emergencies
USV introduces affordable heart failure medication
This cost-effective option addresses the rising cases of heart failure in India, offering lifesaving care to millions of patients who need it the most.
City Imaging & Clinical Labs to expand services to 50 hospitals
The company is currently associated with 10 hospitals, providing comprehensive lab management services, including 24/7 in-house phlebotomy and lab testing.
Oncare raises $1 million in seed funding, to set up 10 units
Oncare has raised $1 million in a seed funding round led by Huddle Ventures. It plans to deploy the raised capital to expand its operations to 10 new centers.
Nutrabay forays into Ayurvedic supplements market with Shilajit
Nutrabay's aims at gaining market share from the existing ayurveda supplements market with a distinctive product proposition and education about the benefits of Shilajit.
INDIA'S PREPAREDNESS ON HEALTHCARE-ASSOCIATED INFECTIONS: A GROWING FOCUS ON PATIENT SAFETY
The country's diverse healthcare landscape necessitates a flexible and multifaceted approach to infection control that can be adapted to various settings and resource levels.
TRANSFORMING CARDIAC SURGERY: HOW AI IS REVOLUTIONIZING PATIENT CARE AND OUTCOMES
Dr. Swarup Swaraj Pal shared his insights on the current state and future prospects of AI in cardiac procedures.
BEYOND THE LAB: THE CRITICAL ROLE OF LOGISTICS IN INDIA'S PHARMACEUTICAL INDUSTRY
As India continues to expand its role in the global pharmaceutical market, the importance of a robust, reliable, and innovative logistics infrastructure cannot be overstated.
LIFESTYLE DISEASES IN CHILDREN: A WAKE-UP CALL FOR A HEALTHIER GENERATION
In today's fast-paced world, children face an unexpected enemy: lifestyle diseases. Conditions like obesity, Type 2 diabetes, and hypertension are now affecting our youth. What's causing this shift, and how can we combat it?
