SWOT Analysis of Healthcare IT Market in India- Ken Research

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

Healthcare IT market in India will continue to grow at a considerable pace in the next few years with addition of small hospitals in different regions in the country, thus easing the access to healthcare facilities and greater number of hospitals realizing the potential benefits of deploying IT. The market is predicted to grow at a CAGR of 12.9% from FY’2013-FY’2018 and is expected to cross INR 8,000 million by FY’2018. The future of the 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. The introduction of new health care models by IT companies aiming to explore the possibility of innovative technologies which are simple to use, cost-effective, portable and power-independent is expected to drive the market growth in the future.

Furthermore, with new upcoming technologies such as telemedicine and e-prescriptions, IT investments on softwares would further rise with a focus on integrating billing and online availability of patient records across hospitals. Interoperable products and mobile solutions are expected to gain popularity in the future, as hospitals are focusing on solving integration issues and increase the usability of IT solutions to achieve better acceptance from users such as physicians, nurses, and other healthcare professionals. The number of mobile and Internet users in India have also been witnessing an increasing trend, hence new business models emerging in this space are expected to gain acceptance.

According to an industry veteran, “the scope of EHR in India has only been restricted to metro and tier 1 cities, however, with continuous government support and state governments emphasizing on modernization and automation of public hospitals, the demand for EHR software, which will further ensure efficiency and quality patient care, is expected to rise in rural areas as well..”

“Cloud computing and mobile technology is essential to take healthcare to a next level of growth in the country. Such kind of solutions will also help to tackle issues such as high costs, reach, complex patient records, infrastructure and other aspects that the sector countenances. However, in spite of the efforts, since majority of the population in the country resides in the rural areas where still outdated healthcare systems are prevailing, the challenge to extend such kind of services to the rural areas will still be there even after considerable amount of improvement in healthcare facilities with the help of IT in the metropolitan cities will be accomplished.”, according to the Research Analyst, Ken Research.

The report titled “India Healthcare IT Industry Outlook to 2018” provides detailed overview on the Healthcare IT Market and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, healthcare IT software vendors, hospitals and other stakeholders to align their market centric strategies according to ongoing and expected trends 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

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

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Contact Person-  Ankur Gupta

Contact Email Id-  [email protected]