India Telemedicine Market Analysis

India Telemedicine Market Analysis

$ 3999

India's telemedicine market was valued at $1.10 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 21.2% from 2022 to 2030 and will reach $5.15 Bn in 2030. One of the main reasons propelling the growth of this market is the advent of advanced technologies and rising cases of chronic and lifestyle-related diseases. The market is segmented by end-user, product type, and Delivery mode. Some key players in this market are Apollo Telehealth Services, Practo Technologies, 1mg Technologies, and Clove Dental.

ID: IN10INDH010 CATEGORY: Digital Health GEOGRAPHY: India AUTHOR: Nandini Shah

Buy Now

India Telemedicine Market Executive Summary

India's telemedicine market was valued at $1.10 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 21.2% from 2022 to 2030 and will reach $5.15 Bn in 2030. India's economy has undergone a change from a mixed planned economy to a mixed middle-income emerging social market economy with significant state intervention in key industries. By nominal GDP, it is the fifth-largest economy in the world, and by Purchasing Power Parity (PPP), it is the third-largest. India has the fifth-largest GDP in the world, with a $3.47 Tn economy, according to the recently published study GDP Growth by Country 2022. Despite this, India continues to outperform the USA, China, Japan, and Germany.

Together with rising digitization in India, the country's healthcare IT infrastructure is being improved by the telemedicine business there. Additionally, the abrupt COVID-19 breakout and state wise lockdown enacted to contain the virus have created new chances for the expansion of the telemedicine sector in India. Patients and their families preferred consulting remotely via telemedicine services rather than going to hospitals and doctor's offices due to a worry of virus spread and contracting an infection. In addition, outpatient services were also suspended as hospitals and medical professionals concentrated on providing care and support exclusively for COVID-19 patients.

Through FY2027, the tele-hospitals segment is anticipated to rule the market. This is a result of doctors increasingly using telemedicine services in hospital settings to consult with different specialists. The hospital and the patient both saved money as a result of this. The tele-homes market will also expand in the upcoming years as a result of rising digitization and widespread internet use in the nation. Additionally, over the coming years, profitable chances for segmental expansion are anticipated as a result of a growing health-conscious population, supportive government initiatives, and favorable economic conditions.

india telemedicine market analysis

Market Dynamics

Market Growth Drivers

Significant technological advancements and the integration of chatbots and robots on online portals and smartphone applications for acquiring personal- and health-related information are acting as another growth-inducing factor.

The Government of India (GoI) is launching a number of measures to strengthen the healthcare information technology (HCIT) industry, including the provision of telemedicine services to remotely monitor, diagnose, and consult with patients. Because outpatient patients prefer to use telemedicine services to access medical care, it is especially helpful during the coronavirus disease (COVID-19) epidemic and the subsequent deployment of obligatory lockdowns.

The increasing prevalence of various chronic and cardiovascular diseases (CVDs), especially amongst the geriatric population has prompted an rise in the need for effective home monitoring systems, wearables, smartwatches, and smartphone applications for checking various health parameters, including blood pressure sugar, and sleeping patterns.

Market Restraints

Despite the market being driven by various factors, there is a huge lack of data management and security which does hamper the market growth of the Indian telemedicine market. Apart from this, there is a lack of awareness and low infrastructure in rural regions.

Competitive Landscape

Key Players

  • Apollo Telehealth Services
  • Practo Technologies
  • 1mg Technologies 
  • Clove Dental
  • DocOnline Health India
  • Lybrate
  • 3M
  • Dentsply Sirona
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare
  • Fortis Healthcare
  • KAVO Kerr
  • Wockhardt Limited

Healthcare Policies and Regulatory Landscape

In October 2020, the Insurance Regulatory and Development Authority of India (IRDAI) asked the insurance companies to allow claim settlement for telemedicine consultation wherever normal consultation with a medical practitioner is allowed in the terms and conditions of the policy contract. This in turn is expected to boost the market growth over the next few years. Additionally, supportive government policies & schemes such as the Government of India’s eSanjeevani initiative have gained a lot of popularity among doctors, telemedicine companies, and patients as well.

India Telemedicine Market Segmentation


Based on the component, the Indian telemedicine market is segmented into hardware and software services. The software segment tends to grow at a CAGR of 15.4% during the forecasted period of 2022-2030.

  • Product
    • Hardware
    • Software
    • Others
  • Services
    • Tele-consulting
    • Tele-monitoring
    • Tele-education


  • Tele-Hospitals
  • mhealth
  • Tele-Home


Based on the application, the Indian telemedicine market is segmented into tele-psychiatry, tele-radiology, telepathology, general consultation, and others ▪ Tele-psychiatry focuses on giving consultations regarding psychiatry over the telemedicine platform and providing care.

  • Tele-Radiology
  • Tele-Psychiatry
  • Tele-Pathology
  • General Consultants
  • Others

Delivery Mode

  • Web/Mobile
  • Audio/Text-based
  • Visualized
  • Call centers


  • Tele-hospital
  • Tele-home

Deployment Model

Based on the deployment model, the Indian telemedicine market is segmented into cloud and on-premises ▪ The cloud segment is expected to dominate the market in FY2021 with an overall market share of around 71.68%. This can be attributed to the benefits such as the provision of remote accessibility of data and overall reduced operational costs associated with the cloud segment.

  • Cloud
  • On-Premises

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.

We value your inquiry and offer free customization with every report to fulfil your exact research needs.

This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 25 May 2023

Related reports (by category)

Related reports (by geography)

subscribe to our newsletter