Healthcare IT (India) Market 2021:Size,Covid-19 Impact,Industry Statistics, Value, Demand, Future Trends, Top Leaders -Cerner Corporation, Allscripts Healthcare, LLC, Carestream Health, Siemens, eClinicalWorks, Agfa-Gevaert Group, Koninklijke Philips N.V
A new research document is added in DBMR database of 350 pages, titled as ‘Healthcare IT Market’ in India 2020. The Healthcare IT Market research report covers the present scenario Trend and the growth prospects of the global Healthcare IT industry for 2020-2027. The report obtain, several important factors, starting from the basics to advanced market intelligence which play a crucial part in strategizing.
According to Data Bridge Market Research the India healthcare IT market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing demand for paperless technology, growing prevalence of chronic diseases, increasing government support for IT solutions, and growing need to decrease healthcare cost.India healthcare IT market is becoming more competitive every year with HCIT outsourcing services currently being the largest market products & services for the forecasted period of 2018 to 2025. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the India healthcare IT market.
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Healthcare IT market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to a CAGR of 23.85% in the above-mentioned forecast period.
Key Market Competitors Covered in the report
- Epic Systems Corporation
- Cerner Corporation
- Allscripts Healthcare, LLC
- Carestream Health.
- Agfa-Gevaert Group.
- GENERAL ELECTRIC COMPANY
- Greenway Health, LLC
- Koninklijke Philips N.V.
- NXGN Management, LLC
- Practice Fusion, Inc.
India Healthcare IT Market Scope and Market Size
Healthcare IT market is segmented on the basis of solutions and services, component type, delivery mode and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of solutions and services, the market is segmented into solutions, HCIT outsourcing services and others.
On the basis of component type, the market is segmented into software and hardware.
On the basis of delivery mode, the market is segmented into on-premise and cloud-based.
On the basis of end-users, the market is segmented into providers and payers.
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Recent Developments: India Healthcare IT Market
There is a growing inclination across the globe towards the adoption of healthcare IT technologies due to the increasing need to deliver quality care to patients while curtailing escalating healthcare costs. These robust IT solutions are designed to streamline workflow in healthcare systems, reduce expenses, and facilitate compliance with stringent regulatory guidelines. They offer several benefits such as increased patient safety, better patient care, reduced healthcare costs, and high returns on investment (ROIs) through automated workflows.
DRIVERS: India Healthcare IT Market
Need for Paper Less Technology:
Healthcare IT is the area of information technology that involves the design, development, creation, use and maintenance of information systems for the healthcare industries and other healthcare providers. It supports health information management across computerized systems and the secure exchange of health information between consumers, providers, payers and quality monitors. With the utilization of electronic health records (EHRs) use of information technology (IT) is increasing in healthcare sector.
Earlier the data was handled and recorded manually. Growing prevalence of numerous diseases with the rising population led to improper management and several errors. Data safety was also one of the major concerns in manually handled data. The IT healthcare is enabling and offering all possible means of intense shortfalls in the existing healthcare records systems all across the world, this can be solved which will allow information to be readily communicated and shared among healthcare providers that has been advocated as a means of improving quality of care and helping to control healthcare costs over the long term.
Digitisation is helping to simplify the working lives of healthcare specialists with the paperless technology. It helps to reduce the time spent on administrative tasks and checking through paperwork. There are several companies that are building advanced systems to support paperless working practices and the fast-growing universe of digital clinical and patient data.
Increasing Government Initiatives on Healthcare IT Sectors:
Various healthcare IT related government initiatives have been launched by the government of different countries such as India, China, Japan and others, that has a clear vision to deliver better health outcomes.
Below are few initiatives taken by government in HCIT sector:
According to the National Health Portal, gateway of authentic health information some of the e-Health initiatives have been taken by Indian government such as NHP Indradhanush-Immunization, NHP Swasth Bharat, India Fights Dengue, E-RaktKosh initiative and ANM Online application- “ANMOL”. This National Health Portal, India aims to provide healthcare related information to the citizens of India and it will serve as a single point of access for combined health information. Mainly women and children have been focused in these initiatives.
The government of India, Ministry of Health and Family Welfare (MoHFW) has started e-Gov initiatives in the health care sectors in India. It named it as eHealth division. The e-Health broadly interprets the use of information and communication technology (ICT) in the healthcare sector. This initiative promises to deliver better health outcomes by:
Reducing Disease Burden
Efficient monitoring of health claims to citizens
This initiative avails all the medical facilities in any part of the world through Web services, mobile services and other services. This initiative also has various benefits framed in 10e’s namely efficiency, enhancing quality, evidence based, empowerment of consumers and patients, encouragement, education, enabling information exchange and communication, extending, ethics and equity.
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Competitive Landscape and Healthcare IT Market Share Analysis
Healthcare IT market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare IT market.
Key Reasons to Purchase healthcare IT Report:
To gain insightful analyses of the market and have comprehensive understanding of the Global healthcare IT and its commercial landscape.
Assess the healthcare IT production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the healthcare IT and its impact in the Indian market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for India healthcare IT.
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