The
report titled “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”
provides a comprehensive analysis on the Healthcare IT market of India. The
report covers various aspects including introduction, pricing analysis, Market
Overview and Genesis, Porter’s Five Forces Model, trends and developments, issues
and challenges, SWOT analysis, competitive landscape, India Healthcare
Statistics and government regulations. The report concludes with future market projection
and analyst recommendations highlighting the major opportunities and cautions.
Market Overview
India
Healthcare IT market is at the growth stage. India Healthcare IT market in
terms of revenue has increased at a positive double digit CAGR during the period
FY’2013-FY’2018. The market is gradually increasing with more number of Pharmacies
opening up and Hospitals and clinics moving towards IT solutions for recording
and storing the patient’s data on premise as well as on Hosted and cloud
services. The customers in the market are highly price sensitive as there are various
players present in the market.
Healthcare
IT services are used by major hospitals, clinics and pharmacies for better
management purpose. The clients opting for Healthcare IT solutions largely use
them for managing Pharmacies, in patients, out patients, laboratory testing,
Medical imaging and keeping patient records.
HIMS
By Delivery Mode: The HIMS
market on the basis of delivery mode is divided into on premise and Hosted and
Cloud based. Hosted and Cloud services hold the major share in the market and
will grow at a positive double digit CAGR from FY’2018-FY’2023E.
By Component: On the
basis of component, the HIMS market is segmented into Software & Services
and Hardware. Software & Services accounted more than half of the revenue
share in the market as all the Hospitals opts for the Software which is of very
high cost, and mostly the hardware component is already available with the
hospitals.
By End Users: Private
Hospitals are the largest contributor towards the HIMS system which accounted
for more than half the market share. The second position is held by Government
Hospitals followed by clinics which has shown a growth of positive double digit
CAGR.
PIS
The PIS
market is majorly dominated by the unorganized players and they are the ones
controlling the market. With the expansion plans of large chains and increase
in number of unorganized pharmacy stores, the industry will undergo some consolidation.
The retail pharmacy sector is quite fragmented, posing a major challenge in
addition to the complex supply and distribution chain comprising various
stakeholders as well as the circulation of drugs. Many pharmacies have been
implementing online tracking system for managing their inventory of medicines.
Major companies offering PIS services in India include Cerner’s Pharmacy
System, Mckesson, Logic Pharma and others.
LIMS
Laboratory
information systems market in India is a niche segment of the healthcare IT
market, which has been witnessing tremendous growth over the last few years and
will continue to grow in the coming future. There are many standalone labs in
the country and their number is increasing significantly. Most of the major
players operating in the market have already adopted LIMS and the stand alone
companies are also following their footsteps. Market is highly fragmented largely
dominated by the local firms operating in the market. Major players include Thermo
Fisher Scientific, Labware, NextGen and others.
MIIS
In the
medical imaging arena common-use cases include 3-D viewing, clinical
collaboration and easy PACS connectivity, which enable access to
radiology reports and referral studies. Large imaging independent software
vendors are investing in cloud-based MIIS platforms which will eventually
enable integration of their medical devices across the world. Picture Archiving
and communications Systems (PACS), Radiology Information System and Monitoring
Analysis software are the major type of MIIS and accounted for the highest revenue
share amongst the three MIIS components and will grow at a double digit CAGR in
future.
Competitive Landscape
The India
Healthcare IT market is highly fragmented. The market has several players
operating in the market. The major players in the market are Wipro, Fujifilm,
Thermo Fischer Scientific, Allscripts healthcare solution, Cerner Corporation,
Innovative Medisoft, Mckesson Corporation, GTI Infotel, Birlamedisoft,
Athenahealth and Shrishti Software. These players compete on the basis of Implementation
cost, implementation ease, functionality, certification, customization and
expertise.
India Healthcare IT market
Future Outlook
In future, it is anticipated that India Healthcare IT market
in terms of revenue will increase at a positive double digit CAGR during the
period FY’2018 –FY’2023E. The demand for Healthcare IT technology services will
be further augmented largely with increase in number of pharmacies, hospitals
and pathology labs and rise in per capita expenditure on healthcare. The use of
HIMS will increase in future largely due to the growth in number of Hospitals,
medical Tourism and Telemedicine will further increase the demand of Healthcare
IT services in hospitals.
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
Key Topics Covered in the Report:-
Executive
Summary
Research
Methodology
Value
Chain Analysis
India
National Health Statistics
India
Healthcare IT Market Overview and genesis
India
Healthcare IT Market Size by Revenue (FY’2013-FY’2018)
India
Healthcare IT Market Segmentation (FY’2013-FY’ 2018)
India
HIMS Market Size by Revenue
India HIMS
Market Segmentation
India
HIMS Market Upcoming Technologies
Pricing
and Software Analysis of HIMS market
India HIMS
Market Competitive Scenario and Major Company Profiles
India PIS
Market Size by Revenue
India PIS
Market Segmentation
India PIS
Market Upcoming Technologies
India PIS
Market Competitive Scenario and Major Company Profiles
India
LIMS Market Size by Revenue
India
LIMS Market Segmentation
India
LIMS Market Upcoming Technologies
India LIMS
Market Competitive Scenario and Major Company Profiles
India
MIIS Market Size by Revenue
India
MIIS Market Segmentation
India MIIS
Market Upcoming Technologies
India
MIIS Market Competitive Scenario and Major Company Profiles
India
Healthcare IT Market Analyst Recommendations
For more information,
refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
