Mon. Nov 29th, 2021

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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