In today’s newsletter, we cover the healthcare landscape in Vietnam, with a special focus on the omnichannel offerings along with the broader trends in the sector and the funding raised. With robust macro tailwinds for the sector and on ground demand for health-related services, the healthcare sector in Vietnam is poised to undergo significant transformations. […]
‘Health is wealth’. This age-old saying is no longer a cliche. The pandemic has compelled all of us to prioritise health over other aspects of our lives. I have myself been spending at least an hour a day hitting the gym, meditating or making a healthy diet plan. Kudos to technology for making this routine […]
1. Indonesia healthcare faces severe shortage of resources, with the lowest density of medical practitioners and pharmacists in the region Current capacity of Indonesia’s Healthcare system highlights its inadequacy to deal with the demands of growing population especially post pandemic. It has the lowest density of doctors and pharmacists among ASEAN countries; and given the […]
Though the demand for preventive healthcare has soared since the pandemic and startups in the space are striving to ride this tailwind, it is still largely an untapped market. The opportunities are huge for businesses. The report delves into the entire landscape and shares pointers on how to cash in on the opportunities by tapping into emerging technologies.
HealthTech startups are leveraging data and technology to drive improved wellness and clinical outcomes with cost-efficiency and effectiveness.
The health-tech platforms access to a large ~$40 Bn chronic care TAM in India
Digital chronic management players have a lot of headroom ahead, as they currently penetrate less than 1% of their serviceable addressable market in India.
HealthTech’s continuous rise in the spheres of pharma, diagnostics and consultation, together termed as eHealth by Redseer, has been remarkable
In India, the typical medical tourist journey is widely getting digitized for a better customer experience
The eHealth sector continues to create delights, indicating that it could be the new normal for our healthcare industry
With a large smoking population, Indonesians are prone to chronic diseases. Healthcare is a key focus area for the government.
Translating to a market size of ~$17 Bn in FY 21, the disease care market is expected to grow to ~$60 Bn in next 10 years
Diabetes care market in India is ~$17 Bn in size as of FY21, expected to grow 3X+ to ~$59 Bn by FY31.
eHealth platforms have come in to drive efficiencies and create value for consumers and suppliers
SEA’s eHealth sector expected to see 10x growth by F2025
India’s telemedicine market is currently ~INR 7K Cr. The segment is now seeing more traction as people are adopting it faster as they are reluctant to risk and physically visit a doctor.
Indian healthcare market is expected to double in the next five years
Omnichannel will be another big opportunity in eHealth
Offline to Online pharma models currently play in the ~8-10% organized portion of pharma retail in India
Lifestyle diseases contribute to about 50% of expenditure on in-patient beds in urban India and also require frequent hospital visits creating hassle for patients.
Moving forward, the sector is expected to bounce back and grow at ~70% CAGR to reach $2 Bn GMV by FY 21. eConsultation is expected to grow at a lightening pace, while eDiagnostics will see a decline compared to FY 20.
The eHealth sector has come across as a clear beneficiary of the lockdown, with 1.5x higher baseline in June
Vietnam has very favourable digital enablers and there is a marked shift by the government towards digitizing the entire healthcare ecosystem which seems conducive for the growth of eHealth services.
Drive by 3x growth in user base and likely increase in average spends per user especially in prescription drugs and consultations, we are very bullish that the eHealth market is on track to achieve ~300+% growth y-o-y in 2020.
The Healthcare expenditure has steadily increased in the recent years driven by rising GDP per capita, urbanization and an increase of lifestyle-related diseases such as cancer and diabetes.
Edtech in India has had challenges with monetization owing to low willingness to pay- but still has a highly satisfied paid user base.
140 Mn eHealth ready households will provide an addressable opportunity of $35 Bn by FY25
Healthcare industry is supported by a complex supply chain with multiple providers, providing out-patient & in-patient care to consumers
Overall India e-mobility is slightly ahead of food tech in # orders/trips, with newer mobility models driving the growth
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India’s USD 18 Bn unorganized pharma retailing market is ripe for digital disruption by ePharma players Published on: Aug 2019 Summary takeaways: ePharma (USD 350 Mn in 2018) is <2% of the overall retail pie currently, but poised to expand at least 40% y-o-y, driving significant action from companies and investors ePharma continued action and […]
1. India’s USD 18 Bn unorganized pharma retailing market is ripe for digital disruption by ePharma players Published on: Aug 2019 ePharma (USD 350 Mn in 2018) is <2% of the overall retail pie currently, but poised to expand at least 40% y-o-y, driving significant action from companies and investors ePharma continued action and attractiveness […]
India retail banking is poised for disruption as neobanks look to revolutionise personal banking experience.