India Telemedicine Market Size & Outlook, 2023-2030
India telemedicine market, 2018-2030 (US$M)
Related Markets
India telemedicine market highlights
- The India telemedicine market generated a revenue of USD 4,042.1 million in 2023 and is expected to reach USD 15,114.5 million by 2030.
- The India market is expected to grow at a CAGR of 20.7% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Telemedicine market data book summary
| Market revenue in 2023 | USD 4,042.1 million |
| Market revenue in 2030 | USD 15,114.5 million |
| Growth rate | 20.7% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, India accounted for 3.5% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China telemedicine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 15,114.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India telemedicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 51.55% in 2023. Horizon Databook has segmented the India telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Several multinational companies are setting up their operational facilities in India. These market players are focused on launching new products, setting up manufacturing facilities, and signing partnerships with contract manufacturing organizations in India, expanding their geographic presence in the country.
For instance, in May 2020, Practo launched India Health Hour, an online telemedicine solution, which provides virtual healthcare during the pandemic. The program goes live daily from 5 pm to 6 pm on the Practo app.
This is expected to enhance the company’s product outreach. Furthermore, various initiatives, such as The Ayushman Bharat, also known as Pradhan Mantri Jan Arogya Yojana (PMJAY), undertaken by the Indian government for introducing better health programs are expected to drive the market growth.
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into India telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India telemedicine market size, by component, 2018-2030 (US$M)
India Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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