Remote Health Delivery Market in India 2016-2020
About the Remote Health Delivery Market in India
Remote health delivery, or telemedicine, is defined as the remote delivery of healthcare services through ICT. It is an effective combination of ICT and medical science that helps address the challenges faced by the Indian healthcare delivery system. Remote health delivery shifts the focus of a healthcare system from curing diseases in hospitals to a system that provides healthcare delivery whenever and wherever the need arises. A widespread adoption of remote health delivery systems will transform the role of hospitals in providing healthcare services. It will improve service quality, streamline processes, and increase the overall efficiency of hospitals.
Technavio’s analysts forecast the remote health delivery market in India to grow at a CAGR of 20.18% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the remote health delivery market in India for 2016-2020. To calculate the market size, the study considers the revenue generated from the services provided by the healthcare service providers.
The market is divided into the following segments based on end-users:
Technavio Announces the Publication of its Research Report – Remote Health Delivery Market in India 2016-2020
Technavio recognizes the following companies as the key players in the remote health delivery market in India: Apollo Hospitals, Aravind Eye Care, Narayana Health, and Philips Healthcare.
Other Prominent Vendors in the market are: Aerotel Medical Systems, Fortis Healthcare, Manipal Hospitals, Medtronic, and Televital.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is expected to boost market growth is the increase in investments. With advances in technology and the rising internet penetration, many start-ups are entering the remote health delivery market in India and are receiving investments. In 2015, Qualcomm Ventures announced an investment of $150 million in start-ups in India. Attune Technologies, a healthcare start-up based in Chennai, Tamil Nadu, became the first to benefit from this. Attune announced a Series B funding of $10 million from Qualcomm Ventures along with $6 million in its Series A funding from existing investor Norwest Venture Partners. Attune aims to deploy Internet of Things in the Indian healthcare industry. It offers a cloud-based software that connects devices such as lab analyzers and ICU machines to a health network. This gives clinics, hospitals, and diagnostic labs instant access to over 10 million patient records integrated from multiple sources.”
According to the report, a key growth driver is the shortage of physicians and hospital beds. Increasing pollution, hectic work life, improper dietary habits, and other lifestyle issues have led to a rise in the incidence of diseases and the number of admissions in hospitals. However, the healthcare sector in India experiences a shortage of hospital beds. For instance, the waiting time for a private ward in the neurosurgery department at All India Institute of Medical Sciences, the premier healthcare center in India, 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.
Further, the report states that one challenge that could restrict market growth is the lack of proper infrastructure.
Apollo Hospitals, Aravind Eye Care, Narayana Health, Philips Healthcare, Aerotel Medical Systems, Fortis Healthcare, Manipal Hospitals, Medtronic, Televital.
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