The biggest Growth Opportunity in Healthcare Industry
Due to lack of quality infrastructure and specialized doctors, rural population depends on urban hospitals and spends most of their income on healthcare. Though healthcare facilities in urban India have developed in the past few years, the supply and demand gap has widened, despite increase in the spending capacity. Healthcare expenditures exacerbate poverty, with about 39 million people falling into poverty every year as a result of such expenditures.
With the current market size of $7.5 million and growth rate at CAGR of 20%, telemedicine is going to be the next alternative for rural and remote people. Telemedicine is able to decrease the costs of expensive doctor visits by enabling remote communication between physicians and patients. As e-Visits are proven and adopted in the developed world, and as the necessary infrastructure is deployed in the developing world, they are likely to offer.