Remote health delivery in India: Key market research findings
- Increasing investments in remote health delivery
- Reduced travel time and expenses drives market growth
- Key vendors – Apollo Hospitals, Aravind Eye Care, Narayana Health, and Philips Healthcare
Technavio’s market research analysts predict the remote health delivery market in India to grow at a CAGR of around 20% between 2016 and 2020. The market is driven primarily by the reduction in travel time and costs brought about by remote health delivery. Many health organizations and hospitals are restricted from expanding geographically due to capital constraints. The dearth of doctors and other medical staff is another key issue, which spurs the adoption of remote health delivery services. With the help of remote health delivery, the medical staff can reach more patients with minimal travel costs.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Recently, it has been observed that many start-ups have started entering the remote health delivery market in India and are receiving investments owing to advancements in technology and the rise in Internet penetration. Imedilane, a Delhi-based healthcare start-up raised $40,000 from angel investors in 2016. The company is focusing on the tier II and tier III cities of India and offers services to international clients for customized consultant services,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Shortage of physicians and hospital beds plays a key role in the growth of the remote health delivery market in India. The waiting time for a private ward in the neurosurgery department at All India Institute of Medical Sciences (AIIMS) is around four to six months, while a general bed for surgery in the same department requires a waiting time of more than a year. Additionally, the healthcare sector in India experiences a shortage of allied health workers. Remote health delivery helps solve this uneven distribution of health workers and technologies by allowing the medical staff to be virtually present at remote places.
The key vendors in the remote health delivery market in India comprise of Apollo Hospitals, Aravind Eye Care, Narayana Health, and Philips Healthcare. The remote health delivery market in India is highly competitive owing to the presence of many large and small players operating in the market. The vendors are constantly striving to enhance the quality and accessibility of healthcare systems. The increase in the consumer awareness of telemedicine and the use of electronic devices and the Internet will boost the remote healthcare delivery market in India. The vendors compete with each other on various factors such as price, quality, and availability.
A more detailed analysis is available in the Technavio report, Remote Health Delivery Market in India 2016-2020.
We can customize reports by other regions and specific segments upon request.
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