10 Best Telemedicine Companies - 2020

The Indian population is more than 121 crores of people from differently rooted fields. As a result of this, linear distribution of healthcare services has been a prime focus in public health management. In addition to this, recent records prove concentration of healthcare facilities to different cities and towns are provided, which includes 75 percent of the population of doctors, are away from the rural area of India, where about 68.84 percent of the national population resides. Majorly due to the stated fact, the telemedicine market in India is predicted to grow at a compound annual growth rate (CAGR) of 31 percent between 2020 and 2025, and reach $5.5 billion. The telemedicine market consists of teleconsult, telepathology, teleradiology, and e-pharmacy. It is experiencing encouraging growth in the country because of the recent crisis. The growth has the potential to brand teleconsultation and e-pharmacy account for 95 percent of the telemedicine market by 2025, which is equivalent to $5.2 billion. As at times it is difficult for the doctors to serve patients who are in remote areas, telemedicine service providers take charge. The healthcare industry is also shifting from in-person doctor-patient interaction to digital medium interaction, for remote consultation. Ibef.org mentions that an EY-IPA study states that the domestic telemedicine market is expected to reach $5.5 by 2025. 15-20 percent of the healthcare ecosystem is predicted to shift to the mobile platform, ensuring virtual care, consults, remote monitoring, and home health. In this issue of the CEO Insights magazine, we present a list of ‘10 Best Telemedicine Companies - 2020’, featuring the most prominent telemedicine service providers. The readers will benefit from the detailed pieces of information in the listing, which are curated by the industry veterans, CEOs, and VCs, and the CEO Insights editorial board.