India began to emerge from the world’s most stringent lockdown – a lockdown that devastated the country’s economy and led to a staggering humanitarian crisis. Images of millions of migrant labourers trudging across the country on foot to make it back to their villages – many of them dying en route of exhaustion and starvation or mowed down by vehicles – have seared the tragedy on the nation’s consciousness.
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Even the dead are not spared indignity. Dead bodies of coronavirus patients are left unattended on hospital floors, corridors, or even under hospital beds – naked. Others lie in mortuaries for days and arrive stacked up in hearses before they are cremated.
The major players covered in the healthcare IT market report are Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare, LLC, Carestream Health, Siemens, eClinicalWorks, Agfa-Gevaert Group., GENERAL ELECTRIC COMPANY, Greenway Health, LLC, Infor., Koninklijke Philips N.V., NXGN Management, LLC, Oracle, Practice Fusion, Inc., among other domestic players.
According to the 2019 data of the National Health Profile, there are only 7,13,986 government hospital beds for a population of approximately 137 crore people, which amount to 0.5 beds per 1,000 people. Even if beds from private, general, specialized hospitals and rehabilitation centres are considered, the number goes up to 0.7 beds per 1,000 people. India has one doctor for 1,457 people, which is far lower than the World Health Organization norm of 1:1000. This sector is facing an acute crisis in terms of a shortage of relevant healthcare infrastructure, especially in rural and sub-urban areas.
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Insights by Market Categorization:
The industrial report is rightly divided into several major categories including product, end user, distribution channel, and geography. The researchers well-explain these categories with latest statistics that will help the business owners to frame operational strategies and gain prominent positions in the near future. These categories are further divided into sub-segments that highlights details like highly demanded product type, major application segment, demanding end use healthcare settings, pricing, and market scenario in the key regions.
The report further offers regional analysis by experts on key regions like North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report offers 360 degree view on these regions along with details like industry trends in the regions, presence of market players, prevalent and highly demanded products, demographic details on consumers like gender, age, family, and income. The updated report also offers details on the unexplored regions for the business owners to plan promotional strategies and create product demand for ultimate higher product demand and expansion of their business, geographically.
The Indian healthcare sector is one of the largest sectors in terms of revenue and employment generation. It includes hospitals, medical devices, health insurance, telemedicine, clinical trials, medical tourism, and medical equipment. Growing cases of lifestyle diseases, the demand for affordable healthcare, technological advancements, and penetration of health insurance are some of the key growth drivers for this sector.
India Healthcare IT Market Outlook to 2025, provides key market data on the India Healthcare IT market. The report provides value, in millions of US dollars, volume (in units) and average prices (USD) within market categories – Blood Pressure Monitors, Clinical IT Systems, Fetal Monitors, Medical Imaging Information Systems, Micro-Electromechanical Sensors, Multiparameter Patient Monitoring, Neonatal Monitors, Patient Monitoring Accessories and Remote Patient Monitoring.
The research discloses current market scenario affected by COVID-19. The widespread of this virus has disrupted several key healthcare domains including pharmaceuticals, innovations in drugs, and delivery of essential medical supplies required by healthcare professionals. Nevertheless, industry players are forced to rethink on strategies that will stabilize their business operations post pandemic. Such a comprehensive report is provided by researchers with highlights on major influential factors.
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Healthcare It Market, By Component
- Services
- Software
- Hardware
Healthcare It Market, By End User
- Healthcare Providers
- Hospitals
- Ambulatory Care Centers
- Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
- Diagnostic and Imaging Centers
- Pharmacies
Key Questions Addressed in the Report
- Who are the top 10 players operating in the healthcare IT market?
- What are the driving factors, restraints, opportunities, and challenges in the market?
- What are the industry trends as well as the current scenario in the healthcare IT market?
- What are the growth trends in the market at the segmental and overall market levels?
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