
Digital Healthcare Market in India
Description
Digital healthcare encompasses fitness and wellness tracking, disease surveillance, treatment support, epidemic or disease outbreak monitoring, and chronic disease management. There is significant potential in the country to utilize digital healthcare as an alternative delivery channel. The range of digital healthcare includes devices like smartwatches, smart bands, blood glucose monitors, blood pressure monitors, blood-O2 saturation meters (pulse oximeters), neurological monitors, and sleep apnea monitors.
Market insights:
In 2022, the digital healthcare market in India recorded a revenue of INR 440.49 billion and is projected to achieve INR 1,167.70 billion by 2028, with a CAGR of 15.76% during 2023–2028. The market's robust growth is attributed to widespread smartphone and Internet adoption, complemented by favourable government policies. Healthtech firms are strategically expanding their influence horizontally and vertically throughout the healthcare value chain, focusing on scalability and improved economic efficiency.
Market drivers:
The accelerated uptake of smartphones and a substantial rise in internet subscriptions have propelled the expansion of the digital healthcare market. Increased patient awareness, a desire for information access, and an emphasis on transparent treatment and diagnostic procedures have driven the adoption of digital healthcare solutions. Collaborations between the government and private sectors, facilitated by the public-private partnership (PPP) platform, have further strengthened the landscape.
Market challenges:
Users, including healthcare professionals and patients, depend on digital health tools for accurate information, and any inconsistencies in performance can instill doubt. This uncertainty also raises apprehensions about data security and privacy, potentially hindering adoption due to fears of breaches. Issues such as interoperability hurdles and the integration of diverse systems can complicate the seamless operation of digital healthcare solutions, potentially impeding the efficient exchange of information between different platforms and healthcare providers, thereby limiting the overall effectiveness of digital health initiatives.
Market insights:
In 2022, the digital healthcare market in India recorded a revenue of INR 440.49 billion and is projected to achieve INR 1,167.70 billion by 2028, with a CAGR of 15.76% during 2023–2028. The market's robust growth is attributed to widespread smartphone and Internet adoption, complemented by favourable government policies. Healthtech firms are strategically expanding their influence horizontally and vertically throughout the healthcare value chain, focusing on scalability and improved economic efficiency.
Market drivers:
The accelerated uptake of smartphones and a substantial rise in internet subscriptions have propelled the expansion of the digital healthcare market. Increased patient awareness, a desire for information access, and an emphasis on transparent treatment and diagnostic procedures have driven the adoption of digital healthcare solutions. Collaborations between the government and private sectors, facilitated by the public-private partnership (PPP) platform, have further strengthened the landscape.
Market challenges:
Users, including healthcare professionals and patients, depend on digital health tools for accurate information, and any inconsistencies in performance can instill doubt. This uncertainty also raises apprehensions about data security and privacy, potentially hindering adoption due to fears of breaches. Issues such as interoperability hurdles and the integration of diverse systems can complicate the seamless operation of digital healthcare solutions, potentially impeding the efficient exchange of information between different platforms and healthcare providers, thereby limiting the overall effectiveness of digital health initiatives.
Table of Contents
72 Pages
- Chapter 1: Executive summary
- Chapter 2: Socio-economic indicators
- Chapter 3: Introduction
- 3.1. Market definition and structure
- 3.2. Emergence of digital healthcare in India
- 3.3. Services offered by digital healthcare
- 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 (2020 – 2028e)
- 4.1.2. PEST Analysis
- 4.1.3. Porter’s Five Forces Analysis
- 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 wellbeing market size and growth forecast (2020 – 2028e)
- 5.1.3. Digital treatment and care market size and growth forecast (2020 –2028e)
- 5.1.4. Online doctor consultations market size and growth forecast (2020 –2028e)
- Chapter 6: Market Trends
- 6.1. Key market trends
- Chapter 7: Impact of COVID-19
- 7.1. Impact of COVID-19
- Chapter 8: Market Opportunities
- 8.1. Market opportunities
- Chapter 9: Market Influencers
- 9.1. Market drivers
- 9.2. Market challenges
- Chapter 10: Government Initiatives
- 10.1. Government initiatives
- Chapter 11: Competitive Landscape
- 11.1. Cipla Limited
- Company information
- Business description
- Products/services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
- Note: Financial information covered for public companies only
- 11.2. Dr. Lal PathLabs Limited
- 11.3. DocEngage Informatics Private Limited
- 11.4. Gem3s Technologies Private Limited
- 11.5. Lybrate India Private Limited
- 11.6. NovoCura Tech Health Services Private Limited (mfine)
- 11.7. Philips India Limited
- 11.8. Practo Technologies Private Limited
- 11.9. Siemens Healthcare Private Limited
- 11.10. Wipro GE Healthcare Private Limited
- Chapter 12: Funding
- 12.1. Funding raised by Indian healthtech companies
- 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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