Spurring Investments in Upcoming Technologies, Telemedicine and E-Prescriptions to Drive Growth of India Healthcare IT Market – Ken Research

Healthcare IT market in India will continue to grow at a considerable pace in the next few years with addition of small hospitals in different regions in the country, thus easing the access to healthcare facilities and greater number of hospitals realizing the potential benefits of deploying IT. The market is predicted to grow at a CAGR of 12.9% from FY’2013-FY’2018 and is expected to cross INR 8,000 million by FY’2018. The future of the industry is predicted to be digital and fully inter-connected. Spurring investments, new hospitals, insurance penetration, and regulatory push and manpower shortages will drive the growth of the industry in the future. The introduction of new health care models by IT companies aiming to explore the possibility of innovative technologies which are simple to use, cost-effective, portable and power-independent is expected to drive the market growth in the future.

Furthermore, with new upcoming technologies such as telemedicine and e-prescriptions, IT investments on softwares would further rise with a focus on integrating billing and online availability of patient records across hospitals. Interoperable products and mobile solutions are expected to gain popularity in the future, as hospitals are focusing on solving integration issues and increase the usability of IT solutions to achieve better acceptance from users such as physicians, nurses, and other healthcare professionals. The number of mobile and Internet users in India have also been witnessing an increasing trend, hence new business models emerging in this space are expected to gain acceptance.

According to an industry veteran, “the scope of EHR in India has only been restricted to metro and tier 1 cities, however, with continuous government support and state governments emphasizing on modernization and automation of public hospitals, the demand for EHR software, which will further ensure efficiency and quality patient care, is expected to rise in rural areas as well..”

“Cloud computing and mobile technology is essential to take healthcare to a next level of growth in the country. Such kind of solutions will also help to tackle issues such as high costs, reach, complex patient records, infrastructure and other aspects that the sector countenances. However, in spite of the efforts, since majority of the population in the country resides in the rural areas where still outdated healthcare systems are prevailing, the challenge to extend such kind of services to the rural areas will still be there even after considerable amount of improvement in healthcare facilities with the help of IT in the metropolitan cities will be accomplished.”, according to the Research Analyst, Ken Research.

The report titled India Healthcare IT Industry Outlook to 2018” provides detailed overview on the Healthcare IT Market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, healthcare IT software vendors, hospitals and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

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