Healthcare providers in India are expected to spend $1.2 billion on IT products and services in 2015, an increase of 7 percent over 2014, according to infotech research and advisory firm Gartner. Also Read - Facebook for Android will soon get dark mode and coronavirus tracking feature
The growth in the Indian healthcare ICT market will be driven by private sector as well as Government investments. Healthcare providers are expected to spend $1.2 billion on IT products and services in the current year, a rise of 7 percent over 2014, said a study by the US-based company. Also Read - Scientists develop soft contact lens that can zoom with a blink
“IT services, which include consulting, IT outsourcing (ITO) and business process outsourcing (BPO), will be the largest overall spending category throughout the forecast period within the health care providers sector,” said Gartner Research Vice-President Anurag Gupta in a statement. Also Read - Why Indian engineers are missing the mark for the jobs they set out to pursue
“IT services are expected to reach $334 million in 2015, growing 7 percent over 2014. The BPO sub-segment will record the fastest growth rate of 15 percent over 2014. ITO will be the largest sub-segment in IT services recording a 10 percent increase to reach $103 million USD in 2015.” The software market will grow 6.7 percent in 2015 to reach $102 million, up from $96 million in 2014.
Vertical specific software (VSS), which includes hospital information system, electronic health/medical records, health information management and patient financial management will grow 6 percent in 2015 to reach $28 million, he said. “The growth in the Indian healthcare ICT market will be driven by the private sector mainly focusing in tertiary specialized care, secondary hospital care and the Government investments on core public health and primary care across several states,” Gupta said.
The Gartner forecast includes spending by healthcare providers (includes hospitals, ambulatory service and physicians practices) on Internal services, software, IT services, data centre, devices and telecom services.