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India has a shortage of around an estimated 600K doctors and 2 Mn nurses (2019 estimates). There is immense pressure on the traditional healthcare system, with an increase in lifestyle disease and costs. The problem is more prevalent in rural cities where getting access to quality health care is a challenge. In major cities, lack of access to quality doctors / medical services and non-availability of doctors to visit patients at home within <4 hours are cited as major challenges. 

We are also seeing an influx in the number of telemedicine platforms coming available especially after the Covid-19 pandemic. Unfortunately, the available online consultation platforms are not user-friendly and offer security concerns. Doctors have raised certain concerns related to data and security policies with some existing incumbents. Moreover, patients lack the ‘feel-and-touch’ effect of Doctors while consulting online – the traditional healthcare system is still popular with patients especially because the Doctor is able to read the vitals (e.g., temperature, blood pressure, etc.) to make diagnostic consultations. 

Abhicure aims to bring a disruption in Indian healthcare, by enabling a ‘state-of-the-art’ online consultation platform by General Medicine Doctors. The platform offers real-time opportunity to connect with Professional Doctors via phone chat or phone call, schedule booking opportunity for video call consultations, and a paramedic driven consultation which enables agents to visit patients house and drive e-consultations using a telemedicine kit as your needs. The telemedicine kit along with an integrated software will allow Doctors to view vitals in real-time and perform consultations. To summarize, Doctors can consult patients sitting at their homes by the use of a telemedicine kit driven by Nurses/paramedics. In certain rural areas, if the internet is not readily available – the telemedicine platform also works offline (record vitals and relay information with doctors whenever the internet is available).

The telemedicine market in India is expected to reach $5.5B by 2025. In terms of the addressable market size for Abhicure – the number of users availing of Online General Medicine Doctors Video Call in 2020 can be estimated to be around ~15 Crore (For reference - Practo did 5 crore transactions between Mar 1 to May 31, 2020). Assuming an average ticket size of INR 500 and considering 20% of this share (since the focus will be on East India in the beginning and there are 3-4 quality players in the market) – we are looking at an overall market size of INR 22,500 Crore.