India Healthcare IT Market
Prospects to 2018 – Increasing Focus of Vendors in Tier 2 and 3 Cities” presents
a comprehensive analysis of the industry covering aspects including market size
by revenue and market segmentation by Clinical and Non-Clinical Information
System and by EHR, LIS and PIS. A detailed analysis of price charged by vendors
from hospitals, labs and pharmacies for IT solution and the adoption rate has
been provided in the report. The report also entails a detailed description on
the recent trends and developments, SWOT analysis, porter’s five forces
analysis, issues faced by healthcare IT service providers in the market and
competitive landscape of major players in the industry along with providing
revenue of major companies. Future Prospects of the industry along with future
projections have been discussed.
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| India Healthcare IT Market Report |
The healthcare sector in India is ripened with numerous
opportunities for the IT companies to capitalize and grow. Using an integrated,
holistic approach which allows the healthcare organizations to remain flexible
to the inexorable complexity, compliance and developments, has necessitated the
requirement of information systems in healthcare organization over the years. With
greater number of people moving towards better equipped healthcare institutes,
technological advancements become an imperative need for such healthcare
organizations in order to meet the increasing demand of the population.
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, in such a case has acted as
a key component in order to solve this problem. The usage of technology in
healthcare sector has helped in improving various processes such as patient
diagnosis, data management, e-prescription, pathology lab management,
scheduling of appointments, case analysis etc.
The market for healthcare IT in India has witnessed
progressive growth over the last few years and registered a CAGR of 24.3% over
the period FY’2008-FY’2013. The market revenue increased from INR ~ million in
FY’2008 to INR ~ million in FY’2013. The top three states with highest number
of hospitals with HIS installed in India are Maharashtra, Delhi and Andhra
Pradesh. Non-clinical information system accounts for a considerable share of
~% in the market revenue, as recorded in FY’2013. Electronic health records
market has conventionally contributed the largest share in the market. It held
a tremendous share of ~% in the overall market revenue in FY’2013 and recorded
sales worth of INR ~ million during the year.
Revenue from Laboratory information systems too have gained
pace at a remarkable growth rate of ~% compounded annually from
FY’2008-FY’2013. The Laboratory Information System (LIS) though form a niche
market segment in India presently; however growing systemization and a steep
rise in the number of various types of laboratories will stimulate the adoption
of LIS adoption in the healthcare information technology market in India in the
future.
Wipro and TCS (Tata Consultancy Services) are the two
largest companies providing HIS solution in India. These companies offer full
range of listed hospital IT products. Wipro
generated revenue of INR ~ million in FY’2013 followed by TCS yielding revenue
of INR ~million in 2013. Napier Healthcare, Shivam Medisoft, Akhil Systems, 21st
Century Informatics are some of the other key players operating in the space.
The
future of healthcare IT 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.
Key Topics Covered in the report:
·
Market Size of
India Healthcare IT by Revenue, FY’2008-FY’2013
·
Market
Segmentation of India Healthcare IT by Clinical and Non-Clinical Information
System, FY’2013
·
Market
Segmentation of India Healthcare IT by EHR, LIS and PIS, FY’2008-FY’2013
·
Trends and
Developments in Healthcare IT Market
·
SWOT Analysis of
Healthcare IT Market in India
·
Regulatory
Framework in the Healthcare IT Market in India
·
Revenue of Major
Players in Healthcare IT Market in India
·
Competitive
Landscape of Major Players in Healthcare IT market in India (Covering of No. of
Clients, Year of Establishment, key clientele)
·
List of Some of
Major Domestic and International Healthcare IT Vendors in the Indian Market
·
Future Outlook
and Projections of Healthcare IT Market in India
TABLE
OF CONTENTS
1. India
Healthcare IT Market Introduction
Global Market Overview
Indian Market Overview
Benefits of Information Technology in
Healthcare Industry
2. India
Healthcare IT Market Size by Revenue, FY’2008-FY’2013
3. India
Healthcare IT Market Segmentation, FY’2008-FY’2013
3.1. By
Non-Clinical and Clinical Information Systems, FY’2013
3.2. By
EHR, LIS and PIS, FY’2008-FY’2013
4. Electronic
Health Records (EHR) Market in India
4.1. EHR
Market Structure in India
4.2. Introduction
and Market Size, FY’2008-2013
4.3. Average
Purchasing Price and Adoption Rate of EHR Software by Hospitals in India
5. Laboratory
Information System Market in India
5.1. Introduction
and Market Size, FY’2008-FY’2013
Diagnostic Laboratories Market in India:
Overview
Laboratory Information Systems Market in
India: Overview
5.2. Average
Purchasing Price and Adoption Rate of LIS Software by labs in India
6. Pharmacy
Information System Market in India
6.1. Introduction
and Market Size, FY’2008-FY’2013
Pharmacy Retail Market in India,
FY’2008-FY’2013
Pharmacy Information Systems Market in India,
FY’2008-FY’2013
6.2. Average
Purchasing Price and Adoption Rate of PIS Softwares by Pharmacies in India
6.3. Competitive
Landscape of Major PIS Service Providers in India
7. Growth
Drivers and Restraints of Healthcare IT Market in India
7.1. Growth
Drivers
7.2. Restraints
Market Barriers of Electronic Medical Records
(EMR) in India
8. Issues
Faced by Healthcare IT Service Providers in India
General Overview
Key Challenges Faced by Healthcare IT Solution
Providers
Steps taken by vendors to overcome challenges
9. Trends
and Developments in Healthcare IT Market in India
Rising HIT Software Adoption in Hospitals in
India
Growing Interconnection Between Public
Hospitals in rural Areas and Private Hospitals in Urban Areas
Offering of Comprehensive Modules by Vendors
to Address the Rising Needs
Reduction of Average Implementation Time by
Vendors in the Market
Government Institutes with Dedicated Radiology
Departments: Innovators in Digitizing Workflow
Embracing Client Based Advance Multi Modaility
Preprocessing Apart from RIS/PACS
Telemedicine: Gaining Prominence in the
Domestic Market
E-Prescription and Medical Tourism: Emerging
Trends in Healthcare IT Sector
Healthcare BPO Industry in India: An Emerging
Trend
10. SWOT
Analysis of Healthcare IT Market in India
Strengths
Weakness
Opportunities
Threats
11. Porter’s
Five Forces Analysis in Healthcare IT Industry in India
12. Successful
Health Information Technology Projects in India
13. Regulatory
Framework and Healthcare IT Standards in India
13.1. Framework
for Information Technology Infrastructure for Health
13.2. National
E-Governance Plan
13.3. National
Knowledge Commission (NKC)
13.4. EHR
Standards in India
14. Revenue
of Major Players in Healthcare IT Market in India
15. List
of Major Domestic and International Healthcare IT Companies in India
16. Competitive
Landscape of Major HIS Providers in India
17. India
Healthcare IT Market Future Outlook
Telemedicine to Address the Challenges of
Access to Affordable and Quality Healthcare Services in Rural Areas
Investing in mHealth-the Next Step for Service
Providers
17.1. India
Healthcare IT Market Future Projections by EHR, LIS and PIS, FY’2014-Y’2018
17.2. Cause
and Effect Relationship between Healthcare IT Factors and Industry Prospects
18. Macro
Economic Indicators of India Healthcare IT Market: Historical and Projected
18.1. Number
of Pathology and Diagnostic Labs in India, FY’2008-FY’2018
18.2. Number
of Pharma Retail Outlets in India, FY’2008-FY’2018
18.3. Number
of Private Hospitals in India, FY’2008-FY’2018
18.4. FDI
Inflow in Hospitals and Diagnostic Centres in India, FY’2011-FY ’2013
18.5. Healthcare
Spending in India, 2008-2018
19. Appendix
19.1. Market
Definitions
19.2. Abbreviations
19.3. Research
Methodology
Data Collection Methods
Approach and Assumptions
Limitations of the Model
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
19.4. Disclaimer
LIST
OF FIGURES
Figure 1: Key Modules Offered by HIS Vendors
in India
Figure 2: India Healthcare IT Market Size by
Revenue in INR Million and Growth Rate in Percentage (%), FY’2008-FY’2013
Figure 3: India Healthcare IT Market Structure
Figure 4: India Healthcare IT Market
Segmentation by Non-Clinical Information System and Clinical Information System
on the Basis of Revenue Contribution in Percentage (%), FY’2013
Figure 5: India Healthcare IT Market
Segmentation by Electronic Health Records, Pharmacy Information System and
Laboratory Information System on the Basis of Revenue Contribution in
Percentage (%), FY’2008-FY’2013
Figure 6: India EHR Market Size by Annual
Revenue in INR Million, FY’2008-2013
Figure 7: India Pathology and Diagnostic
Laboratory Test Market Size by Revenue in INR Million and Growth Rate in
Percentage (%), 2008-2013
Figure 8: Functioning of a Laboratory
Information System
Figure 9: India Laboratory Information Systems
Market Size by Annual Revenue in INR Million and Growth Rate in Percentage (%),
FY’2008-FY’2013
Figure 10: Pharmacy Distribution and Supply
Chain in India
Figure 11: Market Share of Major Pharmacies in
India by Number of Outlets in the Organized Sector in Percentage (%), FY’2013
Figure 12: Pharmacy Retail Market Size in
India by Revenue in INR Million, FY’2008-FY’2013
Figure 13: Pharmacy Information System Market
Size by Revenue in INR Million and Growth Rate in Percentage (%),
FY’2008-FY’2013
Figure 14: Key Growth Drivers and Restraints
of Healthcare IT Market in India
Figure 15: India Health Insurance Market by
Premium Underwritten in USD Million, FY’2006-FY’2016
Figure 16: Foreign Tourist Arrivals in India
for Medical Treatment in Thousands, 2008-2018
Figure 17: EHR Penetration Rate in Hospitals
with less than 100 beds in India, FY’2008-FY’2013
Figure 18: India Telemedicine Market Size by
Revenue in INR Million, FY’2008-FY’2013
Figure 19: Porter’s Five Force Analysis in
Healthcare IT Industry in India
Figure 20: Key Milestones in India Healthcare
IT Sector
Figure 21: Key Standards for Healthcare IT
Industry in India
Figure 22: India Healthcare IT Market Future
Projections by Revenue in INR Million, FY’2014-FY’2018
Figure 23: India Telemedicine Market Future
Projections by Revenue in INR Million, FY’2014-FY’2018
Figure 24: India Healthcare IT Market Future
Projections by Electronic Health Records, Pharmacy Information System and
Laboratory Information System on the Basis of Revenue Contribution in
Percentage (%), FY’2014-FY’2018
Figure 25: Number of Pathology and Diagnostic
Laboratories in India, FY’2008-FY’2018
Figure 26: Number of Pharmacies in India,
FY’2008-FY’2018
Figure 27: Number of Private Hospitals in
India, FY’2008-FY’2018
Figure 28: FDI Inflows in Hospitals and
Diagnostic Centers in India in INR Million, FY’2011-FY’2013
Figure 29: Healthcare Spending in India in INR
Million, 2008-2018
LIST
OF TABLES
Table 1: India Healthcare IT Market
Segmentation by Electronic Health Records, Pharmacy Information System and
Laboratory Information System on the Basis of Revenue in INR Million,
FY’2008-FY’2013
Table 2: Key Differences between Web Based EHR
Solution and Cloud Server Based EHR Solution
Table 3: India EHR Market Revenue Break Up by
Business from New Clients and Business from Repeat Clients, FY’2013
Table 4: India LIS Market Revenue Break Up by
Business from New Clients and Business from Repeat Clients, FY’2013
Table 5: Leading Pharmacy Chains in Organized
Sector in India by Number of Outlets, FY’2013
Table 6: Pricing Analysis of PIS for Branded
Pharmacies in India by Number of Outlets
Table 7: Pharmacy Information System Market
Revenue Break up by Business from New Clients and Business from Repeat Clients,
FY’2013
Table 8: Competitive Landscape of Leading PIS
Service Providers in India
Table 9: Domestic Revenue of Some of the Major
Players in Healthcare IT Market in India in INR Million, 2013
Table 10: List of Some of the Major Domestic
Healthcare IT Companies in India
Table 11: List of Some of the Major
International Healthcare IT Companies in India
Table 12: Competitive Landscape of Major HIS
Providers in India
Table 13: India Healthcare IT Market Future
Projections by Electronic Health Records, Pharmacy Information System and Laboratory
Information System on the Basis of Revenue Contribution in Percentage (%),
FY’2014-FY’2018
Table 14: The Cause and Effect Relationship
between Dependent and Independent Factors Prevailing in Healthcare IT Industry
in India
Table 15: Pathology and Diagnostic Lab Test
Services Market Revenue in India in INR Million, FY’2008-FY’2013
Table 16: Number of Pathology and Diagnostic
Laboratories in India by Organized and Unorganized Sector on the Basis of
Contribution in Percentage (%), FY’2008-FY’2013
Table 17: Number of Pathology and Diagnostic
Laboratories in India by Organized and Unorganized Sector, FY’2008-FY’2013
Table 18: Number of Pharmacies in India by
Unorganized and Organized Channels, FY’2008-FY’2013
Table 19: Key Performance Indicators of Leading
Hospitals in India
Table 20: Correlation Matrix of Healthcare IT
Market in India
Table 21: Regression Coefficients Output of
Healthcare IT Market in India
Contact Person- Ankur Gupta
