Preferences for e-Health models
The US$450.1 million market for Telehealth in 2020 is likely to grow at a CAGR of 21% till 2026, driven by Government initiatives like the National Health Portal, online registration system, e-Hospital among others which are expected to increase preference and adoption of e-Healthcare models among masses, said the “Outlook of India’s Healthcare Industry, 2020” report released 5 June 2020.
This is expected especially in the areas of stress management and behavioural health extending up to the larger spectrum of cardiology, diabetes, and oncology, said the report.
Startups like Wellthy Therapeutics have gained traction by focusing on the cardiac and diabetes segment in this segment.
India’s health and wellness tourism sector will be the highest growth in medical tourism. India offers the unique proposition of AYUSH services that are a major attraction for medical tourists, especially from Europe and other developed countries.
In light of the overloaded and strained clinical pipelines and decreasing returns on investment on Research and Development (R&D), pharma companies will need support in introducing innovation by offering improved manufacturing efficiencies and data analytics solutions.
Public-private partnerships in radiology services and payments made for the services utilised has seen some success.
Without the large-scale adoption of this basic infrastructure, it would be difficult to envision the implementation of new-age solutions such as AI, enterprise imaging, and precision medicine. fiinews.com
