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India‘s E-Health Market Place To Reach Rs.109 Crore By FY20

Wednesday, 25 November 2015, 04:45 Hrs

Ken Research recently announced its latest publication on India E-Health Services Market Outlook to 2020 – Focus on On-Call Home Healthcare, Telemedicine, M-Health and Healthcare IT Segment which provides a comprehensive analysis of the telemedicine market, e-health marketplace, on-call home healthcare and healthcare IT market in India. The report covers various aspects such as market size of Indian e-health services market, segmentation on the basis of service areas in telemedicine, type of consultation, medium of consultations in e-health marketplace, patient profiles, tier-1, tier-2 and tier-3 cities, home healthcare medical devices & services market and EHR, LIS & PIS Software in Healthcare IT market. The report is useful for telemedicine services providers, companies which uses internet for providing medical consultations, home healthcare service providers, hospitals which want to provide telemedicine or online medical services to patients, EHR, LIS & PIS software vendors & buyers and new players venturing in the market.

The E-health services market in India has witnessed a growth in recent years on account of rising demand for good healthcare services fueled by increase in number of patients and unavailability of healthcare services in rural areas. The surge in growth is majorly originated from growth in internet connectivity and innovations in healthcare IT segment in India. The growth in this segment has been largely led by the factors such as increase in number of telemedicine centers, availability of angel investors who are ready to invest in e-health services market in India. The telemedicine market in India is comprised of large companies such as Apollo Telemedicine Networking Foundation, Narayana Health and e-health marketplace consists of companies such as Practo, Mediangels , Medical Second Opinions whereas, on-call home healthcare services market encompasses Portea Medical, India Home Healthcare and healthcare IT includes companies such as TCS, Wipro which posses a large share of the market.  India E-Health Services market revenues have grown at a CAGR of ~% from 2010-2015.

According to the research report, the Indian e-health services market will grow at a considerable rate in the future owing to the introduction of m-health, rise in number of competitors in the market, proliferation of mobile and broadband connectivity in rural areas and more awareness about the different services offered by e-health services market.

“While increase in internet penetration, proliferation of smartphones, increase in computer and smartphone literacy, rise in awareness about healthcare will result in the growth of e-health services market in India, paucity of funding, absence of stringent rules governing e-health services and lack of infrastructure and other technological challenges will affect the growth of this industry in the future”, according to Ken ​Research​.