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Practo Technologies company logo
Corporation
INTERNET | Internet Software & Services / Healthcare
practo.com

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Founded Year

2008

Stage

Debt - III | Alive

Total Raised

$229.5M

Valuation

$0000 

Last Raised

$800K | 6 mos ago

About Practo Technologies

Practo Technologies is a healthcare services platform that provides a practice management and appointment scheduling software for doctors and clinics, as well as a hospital information management solution - all on a software as a service model. In addition, Practo offers a sponsored listing service for hospitals and clinics.

Practo Technologies Headquarter Location

RPS Green, JP Nagar Phase 4

Bengaluru, 560078,

India

+91 9590 908 080

Latest Practo Technologies News

India Telemedicine Markets Analysis & Forecasts, 2017-2020 & 2021-2027

Oct 8, 2021

The Indian Telemedicine Market stood at USD1314.83 million in FY2021 and is expected to grow at a robust CAGR of around 22.31% This can be ascribed to the improving healthcare IT infrastructure across the country coupled with increasing digitization in India. Additionally, the growing prevalence of chronic and infectious diseases in the country with a shortage of healthcare professionals and physicians are further expected to support the market growth through FY2027. Besides, the sudden outbreak and spread of COVID-19 across the country and imposition of strict nationwide lockdown to curtail the virus spread new opportunities for the growth of telemedicine market across India. Due to the fear of virus spread and catching infection, the patients and their families avoided visiting hospitals and physicians' clinics and preferred consulting remotely through telemedicine services. In addition, the hospitals and doctors focused on providing treatment and assistance specifically to COVID-19 patients and the outpatient services were also shut. Hence, the outpatient patients preferred availing telemedicine services. This in turn is expected to positively influence the market growth over the next few years. In October 2020, the Insurance Regulatory and Development Authority of India (IRDAI) asked the insurance companies to allow claim settlement for telemedicine consultation wherever normal consultation with a medical practitioner is allowed in the terms and conditions of the policy contract. This in turn is expected to boost the market growth over the next few years. Additionally, supportive government policies & schemes such as the Government of India's eSanjeevani initiative has gained a lot of popularity among the doctors, telemedicine companies and patients as well. The Indian Telemedicine Market is segmented into component, deployment model, type, technology, delivery mode, application, end-user, region, and company. In terms of deployment model, the market can be split into cloud and on-premises. The cloud segment is expected to dominate the market in FY2021 with an overall market share of around 71.68%. This can be attributed to the benefits such as the provision of remote accessibility of data and overall reduced operational costs associated with the cloud segment. In terms of type, the market can be segmented into tele-hospitals, mHealth and tele-homes. The tele-hospitals segment is expected to dominate the market through FY2027. This can be attributed to the increasing adoption and usage of telemedicine services in hospital setting to consult various specialists by doctors. This not only resulted in cost savings for the hospital but also for the patient. While tele-homes segment will also witness growth in the coming years on account of the increasing digitization and increasing internet proliferation across the country. Also, a growing health-conscious population coupled with supportive government policies and initiatives are expected to create lucrative opportunities for segmental growth over the next few years. Competitive Landscape The companies operating in the market are following organic strategies such as new service launches, providing add-on facilities and services to their clients, improvising their telemedicine services, among others, to stay competitive in the market and have an edge over the other players. Company Profiles: Detailed analysis of the major companies present in the Indian Telemedicine Market. Apollo Telehealth Services Private Limited Practo Technologies Private Limited Lybrate India Private Limited Dhanush Digital Health Private Limited Novocura Tech Health Services Private Limited Zoylo Digihealth Pvt Ltd TeleVital India Pvt Ltd Historical Years: FY2017-FY2020 Services & Software Cloud Tele-Hospitals Store & Forward Audio-Visual Tele-Psychiatry Patients South

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Research containing Practo Technologies

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Practo Technologies in 7 CB Insights research briefs, most recently on Oct 7, 2021.

Expert Collections containing Practo Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Practo Technologies is included in 6 Expert Collections, including The Digital Hospital.

T

The Digital Hospital

122 items

Startups recreating how healthcare is delivered

F

Future Unicorns 2019

50 items

H

Healthcare Companies Backed By China's Big Tech

110 items

Baidu, Alibaba, Tencent, and Ping An have collectively invested in 106 unique companies in healthcare.

D

Digital Hospital

98 items

Startups recreating how healthcare is delivered

D

Digital Health

11,265 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

T

Telehealth

2,700 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

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