India E-Health Market to grow at a Steady Rate During the Forecast Period
Increasing healthcare
expenditure is expected to drive the growth of India E-Health market during the
forecast period.
According
to TechSci Research report, “India E-Health Market By Product (Electronic
Health Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer
Health Information, mHealth, Health Management, Information System), By
Services (Monitoring, Diagnostic, Healthcare Strengthening), By End-Use
(Hospitals, Home Healthcare, Payers, Pharmacy), By Company, By Region, Forecast
& Opportunities, FY2026”, the India
E-Health market is expected to grow at a steady rate during the forecast
period. Mounting requirement to curtail escalating healthcare costs is
projected to act as major factor driving the market. Moreover, shortage
of healthcare professionals in the country is further expected to fuel the
market growth through FY2026. Furthermore, shift towards patient-centric
healthcare delivery along with growing usage of big data are some of the other
major factors which is estimated to boost India e-Health market growth.
Increased public and private funding along with favorable government policies
is further expected to drive the market growth during the forecast period. However,
high cost of deployment can restrict the market growth over the next few years.
Moreover, lack of awareness about the new installations in the
country can further hinder the market growth during the forecast period.
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The India e-Health market is segmented based on product, services,
end-use, company, and region. Based on services, the market can be fragmented
into monitoring, diagnostic and healthcare strengthening. The monitoring segment
is expected to dominate the market in the forthcoming years on account of mounting
requirement for self-monitoring devices, which automatically monitors various
physical activities & vital signs and hence generates a database of it.
Also, the diagnosis services segment is forecasted to witness lucrative growth
over the forecast period as it provides connectivity to patients instantly, thereby
helping diagnosis of ailments and other healthcare issues. Based on product,
the market can be categorized into electronic health records, ePrescribing,
clinical decision support, telemedicine, consumer health information, mHealth,
health management and information system. Among these, the mHealth segment is
projected register significant growth over the forecast period which can be
accredited to shift in consumer preferences due to increasing consumption and
demand for data services coupled with surging penetration of smart phones.
Practo Technologies Pvt Ltd., IBM
India Private Limited, Wipro GE Healthcare Pvt. Ltd., 1mg Technologies Private
Limited, Medlife International Pvt Ltd, Health Vista Pvt Ltd (Portea Medica), Novocura
Tech Health Services Private Limited (MFine), Lybrate India Pvt. Ltd, Philips
Healthcare India Pvt. Ltd., Cisco Systems India Pvt. Ltd (Cisco Healthcare) and others are some of the leading players operating in India e-Health
market. Companies operating in
the market are using organic strategies such as product launches, mergers and acquisitions,
research collaborations to boost their share and increase their geographic
reach.
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“India e-Health market is expected to
witness steady growth during the forecast period on account of increasing
initiatives by the governments in terms of providing advanced healthcare
services. Along with this, high efficiency of using this technology is further forecasted
to bode well for the growth of e-Health market in the country. Moreover, growth
in IoT and technological innovations is further expected to create lucrative
opportunities for the market growth of India e-Health market over the next five
years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based India management consulting firm.
“India E-Health Market By Product (Electronic Health
Records, ePrescribing, Clinical Decision Support, Telemedicine, Consumer Health
Information, mHealth, Health Management, Information System), By Services
(Monitoring, Diagnostic, Healthcare Strengthening), By End-Use (Hospitals, Home
Healthcare, Payers, Pharmacy), By Company, By Region, Forecast &
Opportunities, FY2026”, has
evaluated the future growth potential of India e-Health market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India e-Health market.
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