With the every transient year, the
significant advances in the technology impression different growth patterns and
effective trends which contrast within its several sub-domains. Furthermore,
the healthcare industry is shifting effectively from the products and services
to solutions. The institutions of the healthcare are aimed on the real-time
results.
Additionally, in India the healthcare
IT market is at the growth stage. During the period of 2013-2018, the India
healthcare IT market in standings of revenue has augmented at a positive double
digital CAGR. The market of healthcare IT is progressively growing with more
number of pharmacies inaugural and the hospitals and clinics poignant towards the
IT solutions for recording and stowing the patient’s data on statement as well
as on hosted and cloud services. The consumers in the market are effectively
price sensitive as there are numerous players existent in the market.
The healthcare IT services are
efficiently utilized by foremost hospitals, pharmacies and clinics for the
better administration purposes. The consumers choosing for the healthcare IT
solutions widely utilize them for supervising the pharmacies, in patients, out
patients, laboratory testing, medical imaging and protecting the patient
records.
According to the report analysis, ‘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’ states that
there are numerous key players which are recently functioning in the India
healthcare IT market more actively for leading the fastest market growth and
dominating the high value of market share while developing the technology’s
specifications of delivering the better healthcare services, spreading the
awareness across the region related to the developing applications of the
healthcare IT and significantly determining the growth opportunities and growth
drivers includes Wipro, Fujifilm, Thermo Fischer Scientific, Allscripts
healthcare solution, Cerner Corporation, Innovative Medisoft, Mckesson
Corporation, GTI Infotel, Birlamedisoft, Athenahealth and Shrishti Software.
These players contend on the basis of implementation cost, implementation ease,
functionality, certification, customization and proficiency.
The India Healthcare IT market is
exceedingly disjointed. Whereas, the India Healthcare IT market is segmented
into HIMS, PIS, LIMS and MIIS. However, the PIS market is majorly registered by
the unorganized players and they are the ones monitoring the market. With the
extension plans of large chains and augment in the number of unorganized
pharmacy stores, the industry will undergo some association. Moreover, the
laboratory information systems market in India is a niche sector of the
healthcare IT market, which has been observing the incredible growth over the
last few years and will endure to increase in the coming years.
In the forecasted period, it is
predicted that the India Healthcare IT market in terms of revenue will augment
at an effective double digit CAGR during the period FY’2018 –FY’2023E. The
requirement for the Healthcare IT technology services will be further increased
principally with the rise in number of pharmacies, hospitals and pathology labs
and effective rise in the per capita disbursement on healthcare. The usage of
the HIMS will augment in the future mostly owing to the growth in number of
Hospitals, medical Tourism and Telemedicine will further rise the need of
Healthcare IT services in hospitals. Therefore, in the near future, it is
anticipated that the market of India healthcare IT will increase across the
globe more significantly over the decades.
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Ankur Gupta, Head Marketing &
Communications
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