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India Healthcare IT Market Prospects to 2018 – Increasing Focus of Vendors in Tier 2 and 3 Cities

Introduction of New Healthcare Models by IT Companies to Explore Simple, Cost Effective Innovative Technologies to Support Market Growth.

 
 
Healthcare IT Industry Report
Healthcare IT Industry Report
PRLog - Jun. 6, 2014 - PITAMPURA, India -- 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.

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.

Browse & Download Report with TOC- http://www.kenresearch.com/healthcare/medical-devices-and...

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

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Location:Pitampura - Delhi - India
Industry:Business, Health
Tags:Telemedicine Market Size India, India Pharmacy Information, India Laboratory Information, HIS Software Market Size, India Electronic Medical
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