India Telemedicine Market

Market Overview:

The India telemedicine market size reached US$ 2.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 23.88% during 2024-2032.

Telemedicine, or telehealth, is a practice that enables medical practitioners to provide various clinical and non-clinical services, including consultation, examination, diagnosis, and treatments to patients through digital telecommunications technology. These services can be executed with the utilization of remote patient monitoring (RPM), mobile health (mHealth) applications, and video conferencing. Telemedicine assists in renewing or writing a prescription, delivering health information, and providing appropriate medical attention to the patients at lower costs and enhanced convenience. On account of these properties, it is extensively deployed for teleconsultation, telemonitoring, and medical education and training purposes. At present, it is available in varying mode types, such as web-based, cloud-based, and on-premises delivery. 

India Telemedicine Market Trends:

The increasing prevalence of various chronic and cardiovascular diseases (CVDs), especially amongst the geriatric population has prompted an increase in the need for effective home monitoring systems, wearables, smartwatches, and smartphone applications for checking various health parameters, including blood pressure sugar and sleeping patterns. This, in turn, is primarily driving the India telemedicine market growth. Additionally, the Government of India (GoI) is undertaking numerous initiatives to strengthen the healthcare information (HCIT) sector, such as the provision of telemedicine services to remotely monitor, diagnose, and provide consultation to patients. This is especially helpful during the coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns as outpatient patients are preferring to avail telemedicine services to reduce the spread of the virus. In line with this, the rising awareness amongst patients regarding the several beneficial properties offered by telemedicine, such as virtual assistance, convenience, and no requirement to physically visit hospitals or clinics has, in turn, led to its escalated demand. Additionally, significant technological advancements and the integration of chatbots and robots on online portals and smartphone applications for acquiring personal- and health-related information is acting as another growth-inducing factor. Other factors, such as extensive research and development (R&D) activities and strategic collaborations amongst key players and healthcare professionals for designing advanced medical diagnostic technologies are creating a positive outlook for the market across the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India telemedicine market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on component, type, deployment mode, modality, application and end user.

Breakup by Component:

• Software and Services
• Hardware
   

Breakup by Type:

• Tele-Hospitals
• mHealth
• Tele-Homes
   

Breakup by Deployment Mode:

• On-premises
• Cloud-based
• Web-based
   

Breakup by Modality:

• Store and Forward
• Real Time
• Others
   

Breakup by Application:

• Teleradiology
• Telepsychiatry
• Telepathology
• Teledermatology
• Telecardiology
• Others
   

Breakup by End User:

• Providers
• Payers
• Patients
• Others
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: