“Rising elderly population coupled with surge in number of retail pharmacy outlets has driven the Healthcare IT market in India”
The report “India Healthcare IT Market Outlook to 2023 – By Hospital, Pharmacy, Medical Imaging and Laboratory Information Management Systems and by Delivery Mode (On Premise, Hosted and Cloud Mode), By Component and By End Users” by Ken Research suggested that the Healthcare IT market in India has been growing due to rising pharmacy retail outlets in the country, increasing per capita public expenditure on health and surge in the number of elderly population. The market is expected to register a positive CAGR of 11.1% in terms of revenue during the forecast period FY’2018-FY’2023E.
Increasing Demand for Advanced Analytical Tools: Technology involves utilization and knowledge of tools, machines, techniques, systems to solve problems or perform a specific function. The usage of information technology has spread through numerous sectors over the years, including the healthcare sector. With medical breakthroughs, rapid medical innovations, healthcare organizations have been focusing on enhanced quality of healthcare. The branch of analysis focuses on offering insights into hospital management, patient records, costs, diagnoses, and more. The field covers a broad swath of the healthcare industry, offering insights on both the macro and micro level Information technology (IT) operations form a vital part of most of the organizational operations in the present day.
Implementation of Healthcare IT in Various departments: The growing awareness of significance of IT in healthcare sector has been instrumental in improving the efficiency of services offered at the hospitals along with saving time, effort and money considerably in the long run. Maintaining quality of the healthcare services offered by the organizations along with being cost effective due to rising competition have become a key concern for the healthcare providers in India. IT has been implemented in various departments of hospitals, ranging from billing and finance to administration and even patient care, thus simplifying the operations to a degree.
Increase in Medical Tourism: The medical tourists’ arrivals are observed to increase in the country. Low cost of diagnostic and treatment procedures in the country compared to western nations including the USA and the European countries is the major factor which has resulted in increased number of medical tourists in India. Rise in number of medical tourists also increased the medical tourism market and subsequently diagnostic procedures performed for proper treatment and surgeries augmenting the overall diagnostic laboratories market. Rising demand for clinical data technology and administrative solutions has driven the healthcare IT market across the globe over the years.
Key Segments Covered:-
HIMS:-
By Delivery Mode
On Premise
Hosted and Cloud
By Component
Software and Services
Hardware
By End Users
Private Hospitals
Government Hospitals
Clinics
PIS:-
By Delivery Mode
On Premise
Hosted and Cloud
By Component
Software
Services
By End Users
Popular Chain Brand
Standalone
LIMS:-
By Delivery Mode
On Premise
Hosted and Cloud
By Component
Software
Services
By End Users
Chain Labs/Multispecialty Labs
Standalone Labs
MIIS:-
By Type
PACS
Radiology Information System
Monitoring Analysis Software
Key Target Audience:-
Healthcare IT Companies
Hospitals
Clinics
Pharmacies
Path Labs
Private Equity Firms
Government Associations
Investors
Time Period Captured in the Report:-
Historical Period: FY’2013-FY’2018
Forecast Period: FY’2019-FY’2023E
Companies Covered:-
HIMS
Cerner Corporation
Allscripts Healthcare Solutions
Athenahealth
Innovative Medisoft / MED-E-NOVA
Birlamedisoft Pvt. Ltd.
GTI Infotel
MIS
Wipro
Fujifilm
Siemens Healthenieers
SRIT (Shobha Renaissance IT Limited)
Shrishti Software
Telerad Tech
PIS:-
Mckesson Corporation
Logic Pharma Reatail
Go Frugal Pharmacy Software
LIMS:-
Thermo Fisher Scientific
LabWare
LabVantage Solutions
NextGen Healthcare IT Solutions
Caliber LIMS
Vanuston (Medeil)
Abbott Informatics/ Star LIMS
Keywords:-
India Healthcare IT Market
India Healthcare Market
HIMS Healthcare Market
PIS Healthcare Market
LIMS Healthcare Market
MIIS Healthcare Market
Technologies MIIS Market
Future Technologies HIMS India
Wipro Healthcare IT Market
Medicine Management Apps
India Healthcare Industry
Number of Pharmacies in India
Healthcare IT Market In India
Healthcare Software in India
India Healthcare Services
India Upcoming Technologies Healthcare IT
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Related Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
