India Healthcare IT Market Prospects to 2018 -
Increasing Focus of Vendors in Tier 2 and 3 Cities
The report titled “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.
Visit Complete Report Here: http://www.marketresearchreports.biz/analysis-details/india-healthcare-it-market-prospects-to-2018-increasing-focus-of-vendors-in-tier-2-and-3-cities
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
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