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The India telemedicine market was valued at USD 2 billion in 2023, driven by increased internet penetration and the rising innovations in healthcare technology in the region. The market is expected to grow at a CAGR of 25.24% during the forecast period of 2024-2032, with the values likely to reach USD 15.2 billion by 2032.
Telemedicine employs electronic and telecommunication technology to facilitate communication between a doctor and a patient via video calls, text messages, and others. In India, the presence of affordable internet services and the widespread use of smartphones are fuelling the demand of the market. Moreover, the rising healthcare needs as a result of a large population size and a growing elderly population in the region significantly contribute to the global telemedicine market. Several factors such as the increased emphasis on digitalization in the healthcare sector, the rise in strategic partnerships among the key market players, and the introduction of AI-based chatbots and advanced telemedicine platforms are influencing the market dynamics.
Launch of Telemedicine Clinics to Affect the Market Landscape Significantly
In July 2024, the CSR arm of Hyundai Motor India (HMIL), Hyundai Motor India Foundation (HMIF), launched 5 telemedicine clinics in Talegaon, Pune, Maharashtra as part of its Sparsh Sanjeevani healthcare initiative. The addition of these new clinics extended the network of telemedicine clinics established by the Hyundai Motor India Foundation in underserved regions in India. Such initiatives help in promoting remote medical consultations and services through telemedicine platforms and thus aid in fuelling market growth.
Increased Internet Penetration to Boost India Telemedicine Market Demand
Recent data reveals that India has over 820 million active internet users, with more than 442 million of them belonging to the rural parts of the country. Further, it is reported that in 2023, internet penetration increased by 8% as compared to the previous year, reflecting a significant growth in internet usage. This rapid increase in internet usage among the Indian population, supported by affordable internet services and rising smartphone adoption, is a major growth driver for telemedicine services.
The market is witnessing several trends and developments to improve the current scenario in India. Some of the notable trends are as follows:
Increasing Investments and Partnerships Set to Augment Market Size
One of the major market trends is the surge in investments and strategic partnerships in the telehealth sector to expand the offerings and reach of remote healthcare services. The market is experiencing strategic collaborations among leading healthcare providers, technology companies, and health startups to develop advanced telemedicine solutions, which is likely to fuel market growth.
Rising Integration of Artificial Intelligence and Machine Learning Expected to Elevate India Telemedicine Market Value
The market is witnessing a rising integration of artificial intelligence and machine learning into telemedicine platforms. AI-driven tools can assist in preliminary diagnosis and symptom checking, among others. Such technological advancement helps in enhancing diagnostic accuracy and patient care and is poised to elevate the market value.
Increased Government Initiatives and Policies Aid in the Market Expansion of Telehealth Services
Supportive government policies and initiatives aimed at promoting digital healthcare and telemedicine are significant market trends that are expected to aid market expansion. The government's focus on digitization in the healthcare sector helps in growing awareness and acceptance of telemedicine services among patients, thereby boosting the market demand.
Rising Aging Population Anticipated to Bolster the Demand for India Telemedicine Market
The growing elderly population in India impacts the demand for telemedicine services as they frequently require medical consultations and treatment. Telemedicine platforms offer a convenient solution for older adults who may find their consultation visits to a healthcare facility physically challenging. Additionally, the COVID-19 pandemic stimulated the adoption of telemedicine among the elderly population and significantly contributed to the market growth.
Market Breakup by Component
Market Breakup by Type
Market Breakup by Application
Market Breakup by End User
Market Segmentation Based on Telemedicine Type is Expected to Witness Substantial Growth
Based on the type, the market is segmented into tele-hospitals, mHealth, and tele-homes, among others. Tele-hospitals hold a significant market share and offer a range of services including remote consultations, diagnostics and monitoring, and treatment and follow-ups. This segment facilitates access to specialized medical professionals and advanced treatments remotely, which is particularly needed in remote or rural areas. The growth of tele-hospitals is supported by the rising healthcare needs and the Indian government's supportive policies in promoting digital healthcare.
In India, the telemedicine market can be segmented regionally into North India, West and Central India, South India, and East India. North India is a major market for telemedicine owing to the high internet penetration and large population size. With major cities like Delhi, Chandigarh, and Lucknow, the region boasts advanced healthcare facilities and robust government initiatives that are boosting the adoption of telemedicine services. South India also holds a high market value which can be attributed to the rising levels of digital literacy and proactive policies of the state government to improve healthcare access in both urban and rural areas.
The key features of the market report comprise grants analysis, funding and investment analysis and strategic initiatives by the leading key players:
Practo
India's leading integrated healthcare company Practo Technologies Pvt Ltd has a prominent presence in the market. Its user-friendly app and website offer remote healthcare services such as online consultations, appointment booking, and digital prescriptions. The company is known to leverage strategic acquisitions to reinforce its market position.
TeleVital
TeleVital, a developer of telemedicine technology, specializes in remote patient monitoring, teleconsultations, and digital health records. It offers real-time telemedicine software and integrated patient EMR solutions. The company focuses on integrating advanced technologies such as artificial intelligence to boost the performance of its telehealth services.
Other key players in the market include Koninklijke Philips N.V., Veradigm, Inc., DocOnline, Lybrate, Inc., Dhanush Healthcare Systems Private Limited, Plum Telehealth and XpressCure.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Type |
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Breakup by Application |
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Breakup by End User |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Telemedicine Market Overview
3.1 Asia Pacific Telemedicine Market
3.1.1 Asia Pacific Telemedicine Market Historical Value (2017-2023)
3.1.2 Asia Pacific Telemedicine Market Forecast Value (2024-2032)
3.2 India Telemedicine Market
3.2.1 India Telemedicine Market Historical Value (2017-2023)
3.2.2 India Telemedicine Market Forecast Value (2024-2032)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 India Telemedicine Market Landscape*
5.1 India Telemedicine Market: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 India Telemedicine Market: Product Landscape
5.2.1 Analysis by Component
5.2.2 Analysis by Type
5.2.3 Analysis by Modality
5.2.4 Analysis by Application
6 India Telemedicine Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Economic
6.3.3 Social
6.3.4 Technological
6.3.5 Legal
6.3.6 Environment
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 India Telemedicine Market Segmentation (2017-2032)
7.1 India Telemedicine Market (2017-2032) by Component
7.1.1 Market Overview
7.1.2 Software
7.1.2.1 On-Premises
7.1.2.2 Cloud-Based
7.1.2.3 Web-Based
7.1.3 Services
7.1.4 Hardware
7.2 India Telemedicine Market (2017-2032) by Type
7.2.1 Market Overview
7.2.2 Tele-Hospitals
7.2.3 mHealth
7.2.4 Tele-Homes
7.2.5 Others
7.3 India Telemedicine Market (2017-2032) by Application
7.3.1 Market Overview
7.3.2 Teleradiology
7.3.3 Telepsychiatry
7.3.4 Telepathology
7.3.5 Telecardiology
7.3.6 Others
7.4 India Telemedicine Market (2017-2032) by End User
7.4.1 Market Overview
7.4.2 Healthcare Providers
7.4.3 Patients
7.4.4 Others
8 Regulatory Framework
9 Grants Analysis
9.1 Analysis by Year
9.2 Analysis by Amount Awarded
9.3 Analysis by Issuing Authority
9.4 Analysis by Grant Application
9.5 Analysis by Funding Institute
9.6 Analysis by NIH Departments
9.7 Analysis by Recipient Organization
10 Funding and Investment Analysis
10.1 Analysis by Funding Instances
10.2 Analysis by Component of Funding
10.3 Analysis by Funding Amount
10.4 Analysis by Leading Players
10.5 Analysis by Leading Investors
10.6 Analysis by Geography
11 Strategic Initiatives
11.1 Analysis by Partnership Instances
11.2 Analysis by Component of Partnership
11.3 Analysis by Leading Players
11.4 Analysis by Geography
12 Supplier Landscape
12.1 Market Share Analysis, By Region (Top 5 Companies)
12.2 Koninklijke Philips N.V.,
12.2.1 Financial Analysis
12.2.2 Product Portfolio
12.2.3 Demographic Reach and Achievements
12.2.4 Company News and Development
12.2.5 Certifications
12.3 Practo
12.3.1 Financial Analysis
12.3.2 Product Portfolio
12.3.3 Demographic Reach and Achievements
12.3.4 Company News and Development
12.3.5 Certifications
12.4 TeleVital
12.4.1 Financial Analysis
12.4.2 Product Portfolio
12.4.3 Demographic Reach and Achievements
12.4.4 Company News and Development
12.4.5 Certifications
12.5 Veradigm, Inc.
12.5.1 Financial Analysis
12.5.2 Product Portfolio
12.5.3 Demographic Reach and Achievements
12.5.4 Company News and Development
12.5.5 Certifications
12.6 DocOnline
12.6.1 Financial Analysis
12.6.2 Product Portfolio
12.6.3 Demographic Reach and Achievements
12.6.4 Company News and Development
12.6.5 Certifications
12.7 Lybrate, Inc
12.7.1 Financial Analysis
12.7.2 Product Portfolio
12.7.3 Demographic Reach and Achievements
12.7.4 Company News and Development
12.7.5 Certifications
12.8 Dhanush Healthcare Systems Private Limited
12.8.1 Financial Analysis
12.8.2 Product Portfolio
12.8.3 Demographic Reach and Achievements
12.8.4 Company News and Development
12.8.5 Certifications
12.9 Plum Telehealth
12.9.1 Financial Analysis
12.9.2 Product Portfolio
12.9.3 Demographic Reach and Achievements
12.9.4 Company News and Development
12.9.5 Certifications
12.10 XpressCure
12.10.1 Financial Analysis
12.10.2 Product Portfolio
12.10.3 Demographic Reach and Achievements
12.10.4 Company News and Development
12.10.5 Certifications
13 India Telemedicine Market– Distribution Model (Additional Insight)
13.1 Overview
13.2 Potential Distributors
13.3 Key Parameters for Distribution Partner Assessment
14 Key Opinion Leaders (KOL) Insights (Additional Insight)
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
**The supplier list is not exhaustive. Moreover, we can provide analysis of companies as per custom requests.
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