Press release
Digital Healthcare Market Regaining Its Glory | DocEngage, Philips, Practo
Summary
Market Insights:
Indians have been pushed to embrace digital transformation and reconsider current healthcare trends because of the COVID-19 pandemic. Almost 60% of patients and 65% of physicians now favor digital platforms over in-person consultations. The rapid penetration of smartphones and the Internet, coupled with supportive government policies, has propelled the growth of the market. The digital healthcare market in India has valued at INR 524.97 Bn in 2021. It is expected to reach INR 2,528.69 Bn by 2027, expanding at a CAGR of 28.50% during the 2022 - 2027 period.
Segment insights:
Digital fitness & well-being and e-health are the two segments that make up the market. In 2021, the digital fitness and well-being category generated 81.69% of the total revenue. An Indian millennial on average spends 4,000 INR per month on health and fitness. By 2027, the E-health segment, which contributed 18.31% of the total revenue in 2021, is predicted to hold an 18.75% market share. When it comes to the adoption of mobile health, India is the second-most advanced developing country.
Market Influencers:
The market has expanded recently because of patients adopting digital healthcare solutions due to increased patient awareness, increased demand for information access, and an emphasis on the openness of treatment and diagnosis processes. Value-based healthcare services are being promoted in India to provide patients with the greatest results at the lowest possible cost. The FDI policies of the Indian government are promoting international collaboration. A consistent rise in foreign direct investment (FDI) in the healthcare sector has led to a global focus on investments, product innovation, medical tourism, and local cooperation in the nation's healthcare industry.
Impact of COVID-19:
India's healthcare environment has undergone a paradigm shift because of the pandemic. The COVID-19 pandemic pushed the digital transformation of the Indian healthcare system even more. Digital healthcare solutions have become the main way to receive healthcare services due to the statewide lockdown and movement restrictions. Because of concerns that in-person consultations may raise people's chances of contracting the virus, people's preferences have switched toward online consultations. The government's support for telemedicine has greatly increased the need for digital healthcare solutions.
Companies Mentioned in the Report
• Dr. Lal PathLabs Limited
• DocEngage Informatics Private Limited
• Gem3s Technologies Private Limited
• Lybrate India Private Limited
• NovoCura Tech Health Services Private Limited (mfine)
• Philips India Limited
• Practo Technologies Private Limited
• Cerner Healthcare Solutions Private Limited
• Siemens Healthcare Private Limited
• Wipro GE Healthcare Private Limited
Make an enquiry before buying this Report @ https://www.htfmarketreport.com/enquiry-before-buy/4229125-digital-healthcare-market-5
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market Overview
4.1. Digital healthcare market in India - An overview
4.1.1. Digital healthcare market in India ─ size and growth
forecast (FY 2020 - FY 2027e)
4.1.2. Healthcare expenditure per person
4.1.3. Public vs Private spendings in healthcare expenses
Chapter 5 Market Segmentation
5.1. Digital healthcare market in India - segmentation
5.1.1. Digital healthcare market share based on type
5.1.2. Digital fitness and well being market size and growth forecast (FY 2020 - FY 2027e)
5.1.3. E-health market size and growth forecast (FY 2020 - FY 2027e)
Chapter 6: Technology Landscape
6.1. Key technologies
6.2. Tech-stack of key companies
Chapter 7: COVID-19 Impact
7.1. Key trends
7.2. Key highlights
Chapter 8: Market Opportunities
8.1. Market opportunities
Chapter 9: Market Opportunities
9.1. Market drivers
9.2. Market challenges
Chapter 10: Government Initiatives and Regulations
10.1. Government initiatives
Chapter 11: Competitive landscape
11.1. Dr. Lal PathLabs Ltd.
- Company information
- Business description
- Products/services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
Note: Financial data and segment-wise data is available only for public companies
11.2. DocEngage Informatics Pvt. Ltd.
11.3. Gem3s Technologies Pvt. Ltd.
11.4. Lybrate India Pvt. Ltd
11.5. NovoCura Tech Health Services Pvt. Ltd. (mfine)
11.6. Philips India Limited
11.7. Practo Technologies Pvt. Ltd.
11.8. Cerner Healthcare Solutions Pvt. Ltd.
11.9. Siemens Healthcare Pvt. Ltd.
11.10. Wipro GE Healthcare Pvt. Ltd.
Chapter 12: Funding
12.1. Funding amount of Indian Healthcare start-ups
12.2. Funding deal counts of Indian Healthcare start-ups
Chapter 13: Company Benchmarking
13.1. Company Benchmarking
Chapter 14: Recent developments
14.1. Recent developments
Chapter 15: Emerging start-ups
15.1. Emerging start-ups
Chapter 16: Appendix
16.1. Research methodology
16.2. About Netscribes
16.3. Disclaimer
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 (434) 322-0091
sales@htfmarketreport.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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