Thursday, August 18, 2022
HomeOther'sHealthDigital approach may help tackle rising chronic disease

Digital approach may help tackle rising chronic disease

Digital disease management solutions may help tackle the rising population of patients suffering from chronic diseases in India, according to a report on Friday.

In terms of prevalence, hypertension, diabetes, and cardiovascular disease are the three largest chronic conditions, with close to 242 million people suffering from hypertension, 75 million people suffering from diabetes, and 67 million people suffering from cardiovascular conditions.

This is followed by other chronic conditions such as arthritis, asthma, and chronic obstructive pulmonary disease (COPD).

According to the report by domestic strategy consulting firm Redseer Strategy Consultants, the key drivers of India’s chronic disease count include genetics, lifestyle, rapid urbanization, and stress.

The findings suggest that 60 percent of diabetic cases in India come from urban cities, and more than 35 percent of Indians suffer from mental health issues, leading to increased stress levels in India that are above the global average.

Further, over 80 percent of chronic diseases occur in the age groups 30 and above, and a significant portion of India’s population is over this age group.

ALSO READ: Covid virus likely leaked from Wuhan lab: WHO chief

Together, the chronic disease market presents a $40 billion total addressable market (TAM), while the urban chronic care OPD market size stands at $17 billion, the report said.

It noted that digital chronic management players have a lot of headroom ahead, as they currently penetrate less than 1 percent of their serviceable addressable market.

Typically, a chronic patient’s healthcare journey includes consultations and follow-ups with doctors, regular vital monitoring, purchasing medicines, undergoing lab tests, making dietary changes, monitoring these changes, and more. This complex process spans multiple years and could go on for a lifetime, leading to a painful experience for patients and their families.

Moreover, chronically ill patients complain about the delay in guidance from the doctors and extremely high expenditure on treatments. These challenges are even more pronounced in India, given the below-par doctor-to-patient ratio and poor insurance coverage (almost zero coverage of out-patient care expenditure).

However, digital disease management players such as Phable, BeatO, and Wellthy, offer a one-stop solution where patients can manage the entire course of their healthcare journey on one platform, said the report.

This means that patients can access consultation with doctors, constantly monitor and track their progress, get inputs from health coaches, purchase medicines/health products, and book lab tests (and have the tests done in the comfort of their homes), all in one platform.

“Often, doctors struggle to keep track of patient information and are unable to provide regular supervision. They also struggle to communicate when patients are confined to far-strung locations. Through a digital ecosystem that brings everything under one roof, doctors will be able to improve patient adherence to their recommended treatments and the overall quality of outcomes,” said Kushal Bhatnagar, Engagement Manager at Redseer, in a statement.

 

 

 

(This story has been sourced from a third-party syndicated feed, agencies. Raavi Media accepts no responsibility or liability for the dependability, trustworthiness, reliability, and data of the text. Raavi Media managementythisnews.com reserves the sole right to alter, delete or remove (without notice) the content at its absolute discretion for any reason whatsoever.)