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Modern Technological Advancements to Bolster Growth of Remote Health Delivery Market in India

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Published on : Jul 28, 2016

ALBANY, New York, July 28, 2016: ResearchMoz.us has declared a new addition to their repository. The report, titled “Remote Health Delivery Market in India 2016-2020,” covers the current situation and growth projections of the market for remote health delivery in India for the 2016-2020 period. 

The report states that in India, the remote health delivery market is expected to grow at a CAGR of 20.18% between 2016 and 2020. The report provides a complete understanding of several dynamics contributing to the implementation, constraints, and opportunities for the market for remote health delivery in India. It analyzes each factor and estimates its impact on the overall market growth.

The growth of the remote health delivery market in India is dependent on the need of organizations and hospitals to expand as they lack hospital beds and physicians. Due to the several advantages of remote health care delivery, such as reduced travel time and cost, the market for remote health delivery is anticipated to witness significant growth in the upcoming years. Remote healthcare delivery systems can help hospitals reduce readmission rates by assisting them in refining follow-up treatment and care administration. The emergence of remote healthcare delivery will shift the focus of healthcare systems from curing diseases in hospitals to an organization that provides instant healthcare services. 

The report states that the increased implementation of patient monitoring equipment and the use of ultrasound devices for cardiac, obstetrical, urological, abdominal, and pleural scanning and fluid detection for peripheral vascular circulation is projected to boost the growth prospects of the market by the end of 2020. The strong emergence of the online retail sector is also one of the opportunities that the remote healthcare delivery providers can exploit.

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The challenge that the growing remote health delivery market is expected to face is the lack of appropriate infrastructure. Due to this drawback, several hospitals are avoiding expanding their healthcare delivery services. 

The report covers the growth prospects of the market landscape for the forthcoming years. The study uses the revenue generated from the various healthcare services provided by hospitals and other vendors to calculate the market size. The report also states that the increasing investments in the remote healthcare delivery sector are another key driver for the global market. The use of electronic gadgets and increasing awareness about consumer devices is likely to augment the growth of the remote healthcare market in India. 

The report segments the market on the basis of end use into the government segment, the commercial sector, public-private partnerships, and NGOs. The key players in the market are Aravind Eye Care, Apollo Hospitals, Narayana Health and Philips Healthcare, who compete on factors such as the quality and price of their remote healthcare services. The other noticeable vendors in the market are AT&T, Fortis Healthcare, Medtronic, Aerotel Medical Systems, Manipal Hospitals, and TeleVital. 

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