Executive Summary
In India, there is a rising healthcare expectation without matching availability. The public healthcare system in the country has been generally constrained by certain inadequacies hitherto. The lack of support staff at primary healthcare systems, limited availability of specialist doctors in rural areas and inadequate distribution of clinics and hospitals are a few of the problems related to healthcare in India. Moreover, due to this poor distribution of doctors and specialist hospitals, the patient load on the doctor has grown many folds. These problems in the country demand a change from the traditional healthcare system to a virtual one where patients can consult top medical professionals from their home or office saving their valuable time and also reducing the operational cost and avoiding congestion at healthcare centers. Also, with the advancement of technologies like artificial intelligence, machine learning and Internet of Medical Things, Telemedicine is projected to grow at an exponential rate in the near future.
On an average, an Indian does three doctor consultations in a year; each consultation leads to at least one pharmacy prescription, and a diagnostic test is prescribed in every 3.5 consultations. After the Covid-19 pandemic, there has been a higher acceptance of Teleconsultation due to various reasons like safety and convenience. Recent studies show that one in every 35 consultations will happen online in India by the year 2024. The current compounded annual growth rate (CAGR) of telemedicine across the globe is 24% and the market is expected to reach 455.9 Billion USD by the year 2030. In India, the CAGR is even higher at 31% and it is forecast that the telemedicine market would reach 5.5 Billion USD by the year 2025.
Tele Medicine essentially consists of applying information and communication technologies to connect all healthcare professionals for the exchange of valid information for diagnosis, treatment and prevention of disease and injuries.
Medetel health is a subsidiary of Raimah International Services Limited. which offers comprehensive telemedicine solution to seamlessly connect patients, doctors, specialty hospitals, diagnostic labs and pharmacies. Medetel Telehealth/telemedicine solution is hosted on secured data centers which can be accessed at hospitals, clinics and by patients over the Internet in a secured way. Medetel health provides unified hosted cloud based solutions and services to improve healthcare in India. Patients can avail high quality healthcare services from the comfort of their homes or offices. They can consult from a pool of doctors registered with Medetel health by booking an appointment online or through the call center. It helps reduce administration costs and clogging at hospitals.
In this 21st century, it is shocking that we still have to spend so much time and dedicate efforts to measure basic vital signs. This should be the first step. By the time the patient meets healthcare providers, any required data should be made available in an accurate and right way. Our portable diagnostic kit, makes the diagnosis faster, more accurate and cheaper. It minimizes unnecessary hospital visits, limiting transportation needs and potential exposure to transmittable illnesses. Along with the economic benefits, it also helps in timely medical interventions and saves patients from deadly diseases.
Through our portable diagnostic kits, vital parameters like haemoglobin, glucose and blood pressure are captured and stored in real time. More than 40 parameters can be captured through this kit with tests like Lipid profile, Malaria, Dengue, etc. Doctors can also integrate other compatible devices easily as per their need. Patients and doctors are able to upload and save electronic health records through a centralized data repository which can be referred by the doctors in future to provide a specific treatment.
The table below shows the list of the diagnostic tests and parameters captured by our portable diagnostic kit.