Growth Of Online Doctor Consultation Market During Pandemic

PV Vyshnavi PV Vyshnavi
Mar 6, 2021 8 min read
Growth Of Online Doctor Consultation Market During Pandemic

In an era, where everything is available at the click of a button it is no surprise that even a specialist doctor or a clinical examination could be done online. Online doctor consultation is a coveted field in India and is able to offer services like telehealth, telemedicine, telecare, and digital health care services. According to the survey conducted by Accenture in 2017, over 70% of the consumers are willing to experience health care services virtually, while 20% have already experienced virtual healthcare.

Many startup companies are looking to make it in the industry as it is currently rising. The consumer's expectations for a convenient healthcare system are evolving while the healthcare industry is continuously striving to meet people's needs with the help of technology. The telemedicine market in India is expected to reach $5.4 Billion by 2025 with a CAGR of 31%.

The online doctor consultation allows the dissemination of specialized knowledge among the medical community through advanced networks, reviews, emergency medical consultations during an epidemic or crisis among others. According to a report by Practo, online doctor consultations have increased 500% since March 2020, as five crore Indians are now accessing healthcare online amidst the COVID-19 pandemic.

Telemedicine Industry in India
Growth of Online Consultation in India
Importance Of Online Consultation
Target Audience of Telemedicine Industry
Future of Telemedicine Industry in India
FAQ's

Best Online Doctor Consultation Apps in 2020
In the COVID-19 [/tag/covid-19/] pandemic, the doctors are playing an essentialrole in coping with the current situation. Due to coronavirus, consultingdoctors is not as easy as earlier. But luckily Healthcare startups[/tag/healthcare-startup/] are reducing the gap between the doctor, patients,aโ€ฆ

Telemedicine Industry in India

The Telemedicine Industry is expected to create more than $5.4 billion market opportunities by 2025. Practo, DocPrime, mFine, CallHealth, and Lybrate are some of the leading startups in Indiaโ€™s telemedicine market. The COVID 19 outbreak has created many challenges in traditional healthcare systems, as citizens have not been able to consult with the doctors physically.

This situation has led the government to change the regulations around remote delivery of healthcare services and allow telemedicine via video, audio, or text. Telemedicine will not only help these startups address the spread of Coronavirus but also improve access to healthcare among the rural areas. Innovative technologies are allowing health organizations to enhance access and reduce the burden on hospitals through real-time consultation with doctors through online services.

top doctor consultation sites in India
top doctor consultation sites in India

Telemedicine will reduce the time of consultations and improve the quality of healthcare services in rural areas, removing many infrastructural challenges. The World Health Organization (WHO) recommends every country to have a ratio 1:1000 doctor to patient ratio, India only has one governmental doctor for every 1,139 people.

According to a report, India has a shortage of 600 thousand doctors and 2 million nurses. This leads to limited face-to-face consultations among patients. Secondly, India also has a shortage of hospital beds, which makes hospitalization difficult and there needs to be better infrastructure and facilities whereas with the help of online consultations the healthcare sector can reduce its problems.

Zoom Success Story - Helping The World in Surviving this Pandemic with Video Communications!
With the coronavirus pandemic hitting the whole world at large, the face-to-facebusiness activities had to take a toll. Thatโ€™s when this company raised to itsmagnificence. We are talking about the Zoom cloud meeting which was founded byEric S. Yuan in 2011. Zoom is an American company offering rโ€ฆ

Growth of Online Consultation in India

Online consultation has become popular in India because it is easier and safer to access healthcare via call, video, chat with doctors, especially during the COVID-19 pandemic. The health ministry has urged people to take advantage of telemedicine services during the lockdown. And since then the usage of online consultation apps and medicine delivery services have been on the rise.

The pandemic has encouraged people to use the platform and consult a certified medical practitioner rather than resorting to self-medication. Online consultations are known for specialties such as Gynecology and Dermatology, while other specialties like mental health, pediatrics, ENT, ophthalmology, and gastroenterology are all well-known departments.

The growth of telemedicine in India
The growth of telemedicine in India

The telemedicine sector is steadily increasing not only across metropolitan cities but also smaller cities like Hoshiarpur, Karnal, and Durgapur. The online doctor consultation platform mFine is seeing demand from states which has a low doctor-to-patient ratio since lockdown. The app has also seen new user signups and consultations from users in states such as Bihar, West Bengal, Jharkhand, and Uttar Pradesh where the doctor-patient ratio is the lowest in the country.

Many other healthcare startups are seeing an unprecedented surge in demand as they shift healthcare delivery onto the internet, promote telemedicine, encourage online medicine bookings and use chatbots to answer patient queries. The support rendered by the national and state governments, their subsidiary concerns, and allies such as the ISRO has contributed a great deal to facilitate the development of telemedicine as a well-recognized field.

The Covid-19 Pandemic Proved To Be Lucrative For These Industries
The sudden outbreak of the Covid-19 pandemic has left no industries and sectorsunscathed, worldwide. And many parts of the economy have taken a hit because ofit. While the pandemic has created global economic uncertainty, it has also provedto be lucrative for some industries and created new markโ€ฆ

Importance Of Online Consultation

India has seen a tremendous increase in demand for telemedicine for healthcare services. According to Statista, the industry might have touched $280 billion by the end of 2020. Though the healthcare sector is seeing a giant leap in providing services to consumers, it has still not been able to expand its market in rural areas. Around 75% of the rural population is struggling with insufficient infrastructure and technological awareness. This is the reason why online consultation might help overcome this issue.

  • Bringing quality healthcare services to the rural areas of the country.
  • Benefits the people of rural areas in bringing down the disparity in healthcare offerings between the rural and urban areas.
  • Provides access to qualified healthcare providers, specialized consultation, accurate prognosis, timely diagnosis, and effective course of treatment.
  • The people of urban areas, who have access to world-class hospitals and treatment facilities but donโ€™t have the time can seek help by online consultations.
  • The patients can have real-time interactions through video conferencing solutions, or store and forward models which can capture patient and disease-related information through dictation, photos, videos, radiology, etc.
  • The patients can get the benefits of an actual visit to the doctor without having to do so.
  • Not just consultation and treatment, but many other services can be fulfilled through telemedicine, which brings together the best of both worlds - medicine and telecommunication.
  • It helps in the dissemination of specialized knowledge among the medical community through advanced technology and peer-to-peer reviews.
  • It's very useful for emergency medical consultations in times of an epidemic or crisis.
How to provide a great online consultation experience

Target Audience of Telemedicine Industry

  • People who are willing to try telemedicine.
  • Application developers and network operators.
  • Third-party suppliers and healthcare service providers.
  • Potential Investors.
  • Government organizations.
  • Research Institutes.
Why COVID-19 is Game Changer for Online Businesses
The world is currently facing the largest health crisis since the Spanish Fluepidemic of 1918 and unfortunately, there seems to be no clear end in sight.Countless lives have been disrupted and businesses are likewise suffering as adirect result. While even some of the largest companies have alreaโ€ฆ

Future of Telemedicine Industry in India

With the growing attention for telemedicine services, countries around the world are developing a regulatory framework for the industry. While India is already one of the top 10 countries in the telemedicine marketing the world, adoption of a regulatory framework will help the segment grow rapidly.

Tattvan Mishra, founder, and CEO of Tattvan E-Clinics said that โ€œIndia has seen considerable growth in the telemedicine sector however, the growth was not rapid due to the lack of proper guidelines and regulations. In the coming years, I expect a high investment from the private sectors in the field of telemedicine. I think the telemedicine industry has a bright future and may become a multi-billion industry in the next 3-5 years.โ€

Online consultation platforms have supported the healthcare needs of Indians at a time of lockdown. Saurabh Arora, the founder and CEO of Lybrate in a press statement said that โ€œIt is the need of the hour to contain the spread of the virus. The healthcare burden on the country is gigantic around this time and platforms like ours can definitely help share it. People can consult doctors on Lybrate across specialties and so on other platforms, letting hospitals tend to more serious patientsโ€.

Besides telemedicine, other health-tech segments such as online pharmacy, medical technology, and medical devices have also called for increased regulatory clarity so that startups can focus on the model rather than tweaking their operations. When it comes to the online consultation market, the COVID 19 crisis could bring about a lot of clarity and growth just like the fintech sector got a push in India after the demonetization in 2016.

FAQ's

1. What is an online doctor consultation or online medical consultation?

Ans- When you visit a doctor about your health-related issues through an audio/video/chat, it is called an online doctor consultation or online medical consultation. This is an alternative for you when you cannot visit a doctor physically at the clinic or hospital.

2. How do I consult a doctor online now?

Ans- Book an online consultation either on the website or mobile app. Look out for the 'Find a Doctor' button on the homepage of the website/app, select the specialty of your problem or type the name of the doctor directly. Once the doctor of your specialty is selected, you can click on the โ€œConsult Now' button to start with the online consultation.

3. Do you provide online doctor consultation for emergencies?

Ans- No, it is not recommended. It is advisable to contact emergency service during emergencies. Emergency medical services are available round-the-clock which can be accessed by calling 112 or clicking the 'Emergency' tab on the homepage of respective website/app.

4. Where is my prescription for the online doctor consultation?

Ans- Prescription for your online consult can be found in the Records/History section. By clicking on this tab, you will be able to view/download your prescription.

5. Is it safe to consult online?

Ans- Online consultation is absolutely safe and private, where customer's information and health data is the most important thing that is kept private.

Must have tools for startups - Recommended by StartupTalky

Subscribe to StartupTalky

Get the latest insights delivered to you right in your inbox

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.
Grow your Skills and advance your career with LinkedIn Learning ->