India Telemedicine Market was about USD 0.83 billion in 2019 and is anticipated to be valued at 6.1 billion by 2027, registering a CAGR of 31% during the forecast period 2020-2027

The Indian telemedicine market was about USD 0.83 billion in 2019 and is anticipated to be valued at 6.1 billion by 2027, registering a CAGR of 31% during the forecast period 2020-2027. The Indian healthcare industry is shifting from conventional in-person doctor-patient interaction to virtually-enabled remote consultations.

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The COVID-19 pandemic has accelerated the growth of virtual care in the country which includes teleconsultation, teleradiology, telepathology, and e-pharmacy. The healthcare providers, such as hospitals and e-pharmacies, have integrated teleconsultation platforms and expanded their existing digital products. There is a steep growth in the teleconsultation and e-pharmacies platform as it is adopted by doctors and patients. This has resulted in a boom in the Indian telemedicine market. The rising smartphone and internet penetration in rural areas, awareness about the availability of virtual visits as an alternative to physical consultations, escalating number of chronic diseases along with the need for better pre-and post-operative care, and access to affordable home monitoring equipment are the factors that are propelling the growth of telemedicine market in India. Telemedicine is an excellent medium to provide medical help to those who lacked the chance to get help in person and also it is cost-effective and efficient.

Based on type, the Indian telemedicine market is divided into hardware, software, and telemedicine consultation services. Hardware is further subdivided into communication and networking, medical devices, and other devices (telemedicine cart, PAT, kits). Of these segments, telemedicine consultation services dominate the Indian telemedicine market as 64% of the consumers are willing to adopt teleconsultation post-COVID-19 Telemedicine consultation services have the potential to add value to the patient-provider experience.

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Based on modality, the Indian telemedicine market is segmented into real-time telemedicine, remote patient monitoring, store-and-forward practice, consultation between specialists and primary caregivers, medical imaging, and telemedicine networks. Real-time telemedicine is the fastest-growing segment in the Indian telemedicine market due to the shortage of hospital beds in the COVID-19 outburst and innovative technologies are providing health organizations to have access and decrease the burden on hospitals through real-time consultation with doctors via smartphones, tablets, laptops, or PCs. This will boost India’s telemedicine market.

Based on application, the Indian telemedicine market is categorized into teleradiology, telepathology, telecardiology, telepsychiatry, teledermatology, and others. Teleradiology is anticipated to dominate the market during the forecast period. This is due to the advancement in S&F technology and the scarcity of radiologists in rural areas.

The telemedicine industry is undergoing a technology revolution in India. Telemedicine is becoming a primary healthcare delivery channel. New telemedicine platforms and start-ups are evolving in India such as Phable, Practo, mfine, CallHealth, and Lybrate. The government of India such as the National Digital Health Mission is taking necessary steps through active policy formulation to develop a telemedicine ecosystem and increase its usage rate.

Telemedicine enables healthcare providers to visit patients virtually. The rising smartphone and internet penetration in rural areas, awareness about the availability of virtual visits as an alternative to physical consultations, escalating number of chronic diseases along with the need for better pre-and post-operative care, and access to affordable home monitoring equipment are the factors that are propelling the growth of telemedicine market in India.

There is a need to build a complete digital health ecosystem in India for seamless care and a need to automate parts of the telemedicine process, the COVID-19 phase has ramped up the telemedicine infrastructure and set up complete integrated solutions across India which create a lucrative opportunity for growth of Indian telemedicine market.

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India is one of the top ten countries in the global telemedicine market. The early adoption of the regulatory framework will help the market segment grow rapidly. Telemedicine is a field that bridges the healthcare gap between rural India and urban India. In rural India, the use of medical facilities, expert opinions, and advanced medical services is limited, telemedicine acts as a primary healthcare provider to provide services of specialist doctors in rural 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).

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