The India healthcare information technology (IT) market is pivotal in streamlining medical processes across clinics, hospitals, and healthcare establishments. through developing, designing, and maintaining information systems, enhances efficiency, minimizes the risk of record loss, and enables seamless access to patient health reports from diverse locations. This burgeoning market revolutionizes healthcare operations, facilitating comprehensive patient care, and positioning India at the forefront of IT-driven healthcare advancements.
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Data Bridge Market Research analyses that the India Healthcare Information Technology (IT) Market grew at a rate of 23.85% in the forecast period of 2022 to 2029. The emphasis on patient-centered care propels the adoption of healthcare IT solutions in India. IT tools enhance patient engagement, optimize experiences, and elevate satisfaction levels, aligning with the evolving healthcare landscape and driving market growth.
Key Findings of the Study
The fusion of IT empowers healthcare practitioners with robust data analytics capabilities, enabling informed and data-driven decision-making expected to drive the market's growth rate
The fusion of IT empowers healthcare practitioners with robust data analytics capabilities, enabling informed and data-driven decision-making. The allure of extracting actionable insights from vast healthcare data motivates IT adoption, enhancing patient outcomes, operational efficiency, and strategic planning. This leverages technology's potential to revolutionize healthcare practices, steering India's healthcare IT market growth towards a future defined by evidence-based, optimized care delivery.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product and Services (Healthcare Provider Solutions, Healthcare Payer Solution, HCIT Outsourcing Services), Components (Services, Software, Hardware), Delivery Mode (On-Premises, Cloud-Based), End-Users (Providers, Payers)
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Market Players Covered
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Allscripts Healthcare, LLC (U.S.), Epic Systems Corporation (U.S.), McKesson Corporation (U.S.), Cerner Corporation (U.S.), Siemens (Germany), Carestream Health (U.S.), Agfa-Gevaert Group (Belgium), athenahealth, Inc. (U.S.), eClinicalWorks (U.S.), GENERAL ELECTRIC (U.S.), GREENWAY HEALTH, LLC. (U.S.), Infor (U.S.), Koninklijke Philips N.V. (Netherlands), NXGN Management, LLC (NextGen Healthcare) (U.S.), Oracle (U.S.), Siilo (Netherlands), BigHealth (United Kingdom), Vida Health (U.S.), SWORD Health, Inc (Portugal), NOVIGENIX SA (Switzerland), Lantum (U.K.), BD (Becton, Dickinson and Company) (U.S.), Bioaxis (U.S.) Ada Health GmbH (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The healthcare information technology (IT) market is segmented on the basis of product and services, components, delivery mode, and end-users.
- On the basis of product and services, the healthcare information technology (IT) market is segmented into healthcare provider solutions, healthcare payer solutions, and HCIT outsourcing services.
- On the basis of components, the healthcare information technology (IT) market is segmented into services, software, and hardware.
- On the basis of delivery mode, the healthcare information technology (IT) market is segmented into on-premise and cloud-based.
- On the basis of end-users, the healthcare information technology (IT) market is segmented into providers and payers.
Major Players
Data Bridge Market Research recognizes the following companies as the major India healthcare information technology (IT) market players in India healthcare information technology (IT) market are Allscripts Healthcare, LLC (U.S.), Epic Systems Corporation (U.S.), McKesson Corporation (U.S.), Cerner Corporation (U.S.), Siemens (Germany), Carestream Health (U.S.), Agfa-Gevaert Group (Belgium), athenahealth, Inc. (U.S.),
Market Developments
- In May 2023, athenahealth's integrated cloud-based EHR, medical billing, and patient engagement solution, 'athenaOne,' along with 'athenaOne Dental,' were chosen by LCH Health and Community Services. This selection aims to offer unified experiences to providers and patients, complementing growth strategies while leveraging athenahealth's advanced healthcare technology.
- In April 2023, Philips made its HealthSuite Imaging PACS available on Amazon Web Services (AWS), propelling generative AI applications for diagnostics and clinical workflow efficiency. The collaboration automates administrative tasks and advances diagnostic capabilities, showcasing Philips' commitment to technology-driven healthcare improvements.
- In April 2023, eClinicalWorks integrated ChatGPT and machine learning models from Azure OpenAI Service into its Practice Management and EHR solutions. The move, fueled by a USD 100 million investment in Microsoft Azure cloud services, enriches eClinicalWorks' technology offerings, tapping into the latest Microsoft Cloud innovations.
- In April 2023, Agfa HealthCare became part of Amazon Web Services (AWS) Partner Network (APN) extending AGFA Enterprise Imaging VNA and XERO Universal Viewer's global cloud availability. This expansion aligns with Agfa's cloud-driven vision to facilitate secure and widespread access to its advanced healthcare imaging solutions.
- In January 2023, Novarad introduced 'CryptoChart Lite' in January 2023, enabling secure and convenient medical image and report sharing. The web-based solution ensures patient data privacy, offering hassle-free sharing without portals, CDs, or passwords, enhancing communication within healthcare settings.
- In January 2023,Veradigm (formerly Allscripts Healthcare Solutions) strategically invested in Holmusk, expanding the NeuroBlu Database offering. This collaboration strengthens Holmusk's position in behavioral health real-world evidence and data analytics, contributing to improved patient care and insights.
- In September 2022, McKesson Corporation agreed to acquire Rx Saving Solutions (RxSS), enhancing medication affordability, access, and adherence solutions. RxSS's prescription price transparency and benefit insights support McKesson's mission to address critical challenges in medication management.
- In June 2021, eMDs partnered with Compliancy Group to enhance HIPAA compliance for its EHR, practice management software, and RCM services customers. This collaboration ensures healthcare organizations adhere to privacy regulations, mitigating breaches and safeguarding reputation and financial stability.
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