According to Redseer Consulting, India’s e-health calendar will have a GMV (Gross Business Value) of $11 to 15 billion by 2025, up from $1.4 billion in 2020, bringing significant needle movement to the sector.
A forecast shared by Redseer Consulting on Monday said, “Given the sentiments in the market, the e-health sector is expected to grow nearly 10 times and its GMV in the range of $11 billion to $15 billion by CY25. Will increase.”
When the country’s health industry was facing tough times, e-health came to the rescue of many people during several waves of the pandemic, it was observed.
“With the pandemic, there has been a huge increase in e-health users in various ways such as teleconsultation, e-consultation, online testing and ordering medicines and many more. Going forward, Indian households remain optimistic about using e-health and will potentially increase their spending,” predicts RedSeer.
According to Redseer Consulting, Omnichannel, which is expected to reach a business of $1.5 billion in CY25, will emerge as the next big opportunity in healthcare.
“Omnichannel Play can combine touch and experience and fast delivery aspects, which are currently unavailable in eHealth. Consequently, omnichannel in eHealth can play a vital role in addressing the unmet needs of Indian households,” the firm further added.