Report Overview-

The Indian Digital Health market size is expected at INR 116.61 Billion in 2018, and is estimated to reach XX Billion by 2028, expanding at a compound annual growth rate (CAGR) of XX% during the 2019-2028 period.

India has become one of the fastest-growing digital economies in past few years, specified by a XX% growth for digital adoption index, from 2014 to 2017. India has been growing rapidly in healthcare sector with digital transformation in regards to improve quality and accessibility. The digital healthcare market in India has been valued at INR 116.61 Billion in 2018, and is estimated to reach INR XX Billion by 2028, expanding at a compound annual growth rate (CAGR) of ~XX% during the 2019-2028 period.

Digital health focuses on making a technology-enabled healthcare ecosystem as the backbone will benefit India in solving many existing challenges. With increasing number of patients turn to digital health technologies, companies are expanding their capabilities to deal with the sudden increase in patient volume. This will increase the product demand and propel the market expansion.



Market Drivers

Increasing cases of obesity, high prevalence of chronic diseases such as Diabetes, Cardiovascular, growing need for remote patient monitoring services and increasing patient engagement and connectivity owing to high adoption of digital health technology are the major factors promoting market growth.

The digitization has various initiatives running by the Indian government, including the digital biometric identification program (Aadhaar Card), which is a favorable ecosystem for the digital healthcare market. Various e-Government initiatives like the National Health Portal, e-Hospital, and Integrated Health Information Program (IHIP) for the market growth. The inflow of FDI has stabilized the digital healthcare market by addressing the concerns of stakeholders. There is robust digital footprint in India, because of supportive government policies, has played an instrumental role in driving the growth of the digital healthcare market.