According to the report analysis, ‘India Healthcare It Market Industry Trends And Forecast To 2025’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the handsome value of market share while investing the handsome value in the efficient research and development programs for decreasing the installation and maintenance cost and employing the skilled expertise includes Agfa-Gevaert Group, McKesson Corporation, Koninklijke Philips N.V., Infor, Siemens AG, GE Healthcare, Epic Systems Corporation, Cerner Corporation, eClinicalWorks, athenahealth, Inc., Practice Fusion, Inc., Greenway Health, LLC, NextGen Healthcare (QSI Management, LLC), Oracle, Allscripts, Carestream Health and several others.
In today’s era, with the significant growth in the modernization and urbanization in the developing region India, the people are effectively realizing the importance of healthcare. Therefore, the players of this market and government of this region are investing the handsome amount of money for developing the healthcare infrastructure more enormously. The health IT (Health Information Technology) is the field of IT including the design, enhancement creation, usage and maintenance of the information systems for the healthcare industry. Not only has this, in the healthcare sector the automated healthcare information systems will continue to develop the medical care, lower costs, decreasing the errors, significantly improve the patients satisfaction and several others.
Moreover, the growth of this market is attributed to government initiatives to develop the quality of the patient care and the requirement to control the increasing healthcare costs and enhance the proficiency of the healthcare services. Furthermore, the advanced technological innovations in the field of IT have led to the improvement of customized software platforms as per the healthcare vendors’ demanded. This is booming up the acceptance of healthcare IT solutions among the end users. However, on the basis of end users, the suppliers segment is registering the market; providers are accounting the healthcare IT market as it extremely operates the IT healthcare solutions to cope its organizations data.
Although, India healthcare IT market is predicted to reach a CAGR of 23.9% in the forecast period of 2018 to 2025. Factors such as the demand for the paper less technology, growing government initiatives on the healthcare IT sectors, high acceptance of the cloud services, prevalence of the chronic disease, efficient growth in the emerging markets, increasing research and development activities and large patients population are driving the growth of the Indian healthcare IT market.
Additionally, by the potential players the amount of investment has grown in the healthcare industry and spreading the awareness of the advanced technologies also propelling the market growth more positively. Furthermore, the deduction in the reimbursements, loss of revenue because of lack of proper documentation and stringent regulations for quality management are fostering the market for non-clinical segment. Therefore, in the coming years, it is predicted that the market of healthcare IT in India will increase across the globe more positively over the coming decades.
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Ankur Gupta, Head Marketing & Communications