India Healthcare It Market Size & Outlook, 2021-2030
India healthcare it market, 2018-2030 (US$M)
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India healthcare it market highlights
- The India healthcare it market generated a revenue of USD 258.2 million in 2021 and is expected to reach USD 596.6 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
Healthcare it market data book summary
| Market revenue in 2021 | USD 258.2 million |
| Market revenue in 2030 | USD 596.6 million |
| Growth rate | 9.8% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, India accounted for 4.3% of the global healthcare it market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China healthcare it market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 643.1 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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India healthcare it market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.23% in 2021. Horizon Databook has segmented the India healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian healthcare information systems market is majorly driven by the growing geriatric population, increasing burden of chronic diseases, and government initiatives that support the country’s eHealth scenario. In addition, efforts for improving healthcare infrastructure are likely to boost the market.
Significant investments have been made to develop healthcare IT infrastructure. One such notable initiative is the development of Integrated Health Information Platform (IHIP). IHIP is being implemented to create standard-compliant EHRs and their integration & interoperability through a centralized platform.
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Target buyers of India healthcare it market databook
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into India healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India healthcare it market size, by function, 2018-2030 (US$M)
India Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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