Telemedicine and Remote Monitoring Devices Surge in Popularity in India
India is witnessing a significant surge in the adoption of telemedicine and remote patient monitoring (RPM) devices, driven by technological advancements, increased healthcare accessibility, and the necessity for remote healthcare solutions.
Telemedicine Adoption in India:
- Increased Usage: A 2021 survey revealed that 59% of Indian respondents utilized telehealth services, reflecting a substantial rise in telemedicine adoption.
- COVID-19 Impact: The pandemic accelerated telemedicine adoption, enabling healthcare delivery amidst lockdowns and social distancing measures.
Remote Patient Monitoring Devices Market:
- Market Size and Growth: India’s RPM devices market is projected to grow from USD 1.76 billion in 2024 to USD 2.54 billion by 2029, at a CAGR of 7.67%.
- Global Context: The global RPM market is expected to expand from USD 71.9 billion in 2023 to USD 207.5 billion by 2028, growing at a CAGR of 23.6%.
Key Factors Driving Growth:
- Technological Advancements: Innovations in digital health technologies have enhanced the effectiveness and accessibility of telemedicine and RPM services.
- Government Initiatives: Policies promoting digital health and telemedicine have facilitated the integration of these services into the healthcare system.
- Chronic Disease Management: The rising prevalence of chronic diseases necessitates continuous monitoring, which RPM devices effectively provide.
Challenges:
- Infrastructure Limitations: Inadequate digital infrastructure in rural areas hampers the widespread adoption of telemedicine services.
- Regulatory Hurdles: Navigating complex regulatory landscapes poses challenges to the seamless implementation of telemedicine and RPM solutions.
