The global healthcare IT market is estimated to touch US $53.8 billion by 2014, growing at a CAGR of 16.1 percent. It is expected that the market for general applications in health IT will grow at an overall CAGR of 13 percent from 2009 to 2014. Although, the figures suggest tremendous growth for health IT in the coming years, yet growth in the Indian market is uncertain. Statistics suggest, that large corporate hospitals in India spend less than 1 percent of their operational budgets on IT, while hospitals in the west spend somewhere close to 3 percent on IT applications. EMR services, within the health IT market in India, have a high growth potential with an estimated CAGR of 13.5 percent from 2009 to 2016. Further as per reports, healthcare IT spending in most emerging Asian economies has increased appreciably, yet certain developed and emerging nations are still lagging behind.
The figures, although contrasting, point towards the growing awareness and interest towards healthcare IT across the globe. India is springing forward to match the footsteps of the western world. The government has also shown tremendous interest in this sector. The Eleventh Five Year Plan stresses on the appropriate use of IT for an enhanced role in health. India has witnessed the set-up of a number of pilot projects on ehealth over the past years by private concerns, corporate, NGOs, medical colleges, and research institutions. Indian Space Research Organisation, Ministry of Health & Family Welfare, Ministry of Communications and Technology and Ministry of External Affairs have all contributed towards development of health IT in India, through innovative projects and programmes.
To meet eHEALTH’s objective of promoting the use of ICTs in healthcare, we are proud to present the first edition of Health IT Special. The edition provides a complete review of the healthcare IT industry in India with a special focus on market dynamics, emerging trends and technologies, perspectives of industry and government experts, and product profiles of leading health IT solutions in the Indian healthcare market. It covers key health IT segments such as hospital information systems, electronic medical records, radiology information systems and picture archiving and communication systems, mHealth, telemedicine, cardiology information systems and technology in health insurance.
Hope you find this issue informative!