Indian Healthcare IT Market May Zoom To $1,454 Mn In 2018
Monday, 14 October 2013, 02:14 Hrs | 1 Comments
Mumbai: Healthcare information technology market in India is expected to reach $1,454.7 million in 2018 from the present $381.3 million, mainly due to fast adoption of technology by stake-holders, according to Frost & Sullivan.
Healthcare IT is a core component to achieve successful transformative shifts in healthcare. Growth in data, digitisation trends in health information and electronic medical records, improvements in collaborative data exchange, workflows and mobility, and need for better financial management are changing the needs of the hospital enterprise.
Additionally, patient demographic changes and chronic disease growth, cost control considerations, and importance of patient safety, have all come together to heighten demand for health information technology (HIT) in India, the report said.
"The increase in adoption of electronic health records, mHealth, telemedicine, and web-based services has made electronic patient data expand, necessitating the implementation of robust IT systems in Indian healthcare institutions," according to analysis done by Frost & Sullivan.
"The technology's benefits, which include enabling experts from any part of the world to advise patients on medical care, streamlining operations, and helping hospitals achieve performance targets, have popularised IT in healthcare," it said.
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