Remote Health Delivery Market in India 2016-2020

Outlook of the remote health delivery market in India

Extensive research carried out by the analysts at Technavio has shown that the remote health delivery market in India will witness exponential growth and will post a staggering CAGR of close to 20% over the forecast period. One of the main advantages of remote health delivery system is the significant reduction in travel time and costs, which is anticipated to propel this market’s growth in the coming years. With remote healthcare delivery systems, hospitals can reduce readmission rates by improving follow-up treatment and care management of people, especially those suffering from chronic diseases or those who need post-operative care. Moreover, many health organizations and hospitals are restricted from expanding geographically due to financial constraints or the shortage of doctors and healthcare professionals. With remote health delivery, the medical staff can reach out to more patients easily and at a much lesser cost.

With the introduction of new-age and advanced technologies, the remote health delivery market in India is likely to have a positive outlook over the next four years. For example, Lab-on-a-chip is an integrated microfluidics device that executes various laboratory functions without a physical laboratory. This portable and handheld device has a spiral micro-mixer that analyzes the blood sample on a small receptacle with nanostrips. The device can detect disease like flu, pneumonia, or even Ebola, within a few minutes. Also, with the increasing adoption of patient monitoring devices and onsite ultrasound devices for abdominal, cardiac, obstetrical, urological, and pleural scanning and peripheral vascular fluid detection will boost this market’s growth prospects until the end of 2020.

Competitive landscape and key vendors