Healthcare information technology market in india sample (1)


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Healthcare information technology market in india sample (1)

  1. 1. Healthcare Information Technology Market in India P41F-48 August 2010
  2. 2. Table of Contents • Executive Summary 8 • Research Objective and Methodology 16 • Healthcare Industry Overview 23 • Healthcare Information Technology Market Overview 29 • Indian Healthcare Information Technology Standards and Regulatory Framework 32 • Indian Healthcare Budget 39 • Market Engineering Measurements 42 • Market Dynamics (Industry Challenges and Market Drivers and Restraints) 44 • Market Analysis 54 • Strategic Recommendations 60 • Appendix–Country-wise IT Ranking and Analysis 66 • Decision Support Database 72 • About Frost & Sullivan 79P41F-48 4
  3. 3. List of Figures Healthcare Industry: Healthcare Expenditure (India), 2006-2016 24 Healthcare Industry: Major Private Healthcare Groups (India), 2009 27 Healthcare Industry: Upcoming Key Hospital Groups (India), 2009 28 Healthcare Information Technology Market: Healthcare Budget (India), 2009 40-41 Healthcare Information Technology Market: Impact of Industry Challenges (India), 2010-2016 45 Healthcare Information Technology Market: Market Drivers Ranked in Order of Impact (India), 2010-2016 48 Healthcare Information Technology Market: Market Restraints Ranked in Order of Impact (India), 2010-2016 51 Healthcare Information Technology Market: Revenue Forecasts (India), 2009-2016 55 Healthcare Information Technology Market: Opportunity Assessment (India), 2010-2016 62 Healthcare Information Technology Market: Information Technology Ranking (India), 2009 68 Healthcare Information Technology Market: IT Potential based on Existing Infrastructure (India), 2009 69P41F-48 5
  4. 4. List of Figures (Contd…)Healthcare Information Technology Market: Government Interest toward IT Adoptions (India), 2009 70Decision Support Database: Foreign Direct Investments (World), 2009 73-74Decision Support Database: Personal Disposable Income Per Capita (World), 2009 75-76Decision Support Database: Total Population (World), 2009 76-78P41F-48 6
  5. 5. List of Charts Healthcare Information Technology Market: Healthcare Information Systems’ Components (India), 2009 10 Healthcare Information Technology Market: Market Drivers and Restraints (India), 2010-2016 13 Healthcare Industry: Healthcare Expenditure (India), 2006-2016 24 Healthcare Industry: Industry Trends (India), 2009 25 Healthcare Industry: Healthcare Delivery Pattern (India), 2009 26 Healthcare Information Technology Market: Existing and Future Levels of Adoption Systems (India), 2009-2014 31 Healthcare Information Technology Market: Market Engineering Measurements (India), 2009 43 Healthcare Information Technology Market: Revenue Forecasts (India), 2009-2016 55 Healthcare Information Technology Market: Percent of Revenues by Segment (India), 2009 56 Healthcare Information Technology Market: Percent of Revenues by Sub-segment (India), 2009 57 Healthcare Information Technology Market: Competitive Forces (India), 2009 61 Healthcare Information Technology Market: Future Outlook (India), 2000-2020 65P41F-48 7
  6. 6. Executive Summary 8
  7. 7. Key DefinitionsThe following definitions are used in this study:• Healthcare information technology (HIT) includes all software and systems applications used in the administrative/business settings and clinical environments, which include integrated delivery networks, acute hospitals, secondary hospitals, primary care centers, freestanding medical centers, diagnostic centers, and group practices. The Indian HIT market is segmented into administrative and clinical HIT. Some of the functions that are managed by administrative system modules include the following: • Financial management, including accounts payable, general ledger and budgeting, and fixed assets • Materials and supply chain management • Human resource and payroll management • Strategic enterprise management, including performance measurement, strategy management, strategic planning, and simulation • Business analytics • Business support, including contract management, fixed asset management, and equipment maintenance Some of the functions that are managed by clinical system modules include the following: • Patient management systems with master patient index and scheduling • Patient clinical management systems, including charting, order entry tracking and reporting, as well as physician access • Electronic medical records and electronic health records • Imaging information management systems for radiology, cardiology, orthopedics, and ophthalmology • Laboratory information systems and pharmacy information systems with decision support and knowledge database • Treatment and operation modules for operating room management, emergency services, and critical care • Care management modules, including care schemes, nursing documentation, care protocols, and pathways• HIT also includes consulting and other professional services.P41F-48 9
  8. 8. HIT Segments - Functional Groups Healthcare Information Technology Market: Healthcare Information Systems’ Components (India), 2009 Healthcare Information Systems Financial Resource Clinical Patient Life Management Related Sciences • General ledger • Clinical Information • Accounts receivable Systems • Inventory • Admission, discharge • Bioinformatics • Account payable • Hospital departmental • Human resource and transfer • Gene • Purchasing order systems • Scheduling • Patient master index sequencing • Billing • Laboratory information • Facility • Electronic medical • Gene analytics • Third-party Payer systems management record • Library IS • Insurance • Radiology information • Reporting • Electronic health • College IS System • Business record • Research IS • PACS intelligence • Patient health record • Pharmacy • Health portal • Decision support system IS – Information System PACS – Picture Archiving and Communication Systems Source: Frost & SullivanP41F-48 10
  9. 9. Market Overview• Since the 1990s, many large hospital in India have adopted hospital information systems, this systems are mainly built in-house or source from local vendors. On the other hand, many small hospitals have some kind of back office applications and recently begin to adopt clinical applications. The current trend is for large hospitals to opt for state-of-the-art devices and electronic medical records (EMR).• In 2008, about xx.x percent of the healthcare spending was funded by the Government. and the private sector funded the remainder.• Self-paid category accounts for a high proportion of healthcare expenditure. Health insurance covers less than xx.x percent of the healthcare expenditure in India.• The imbalance of healthcare services exist among regions/cities, with more healthcare facilities concentrated in and around metros/tier-one cities. However, this trend is changing as new private hospitals are being established in small cities that cater to middle-range income group. Furthermore privatization of medical insurance will become a major driver of health IT adoption over the next few years• Private hospitals are expected to reduce the shortage of healthcare services. More than x.x million beds need to be added to reach a ratio of x.xx per/xxx, out of which about xxx,xxx beds are likely to be contributed by the private sector over the next six years.P41F-48 11
  10. 10. Market Overview (Contd...)• Medical tourism is partly causing a number of hospitals to invest in world class facility. In 2008 India treated around xxx,xxx foreign patients ranking it second in medical tourism.• Growth of the insurance sector is expected to demand a more efficient information storage and retrieval from hospitals and healthcare providers.• The Ministry of Health and Family Welfare, Ministry of Communication and Information Technology, state government, and the Indian Space Research Organization (ISRO) have played significant roles in the development of e-health in India.• Being a hub for IT, India has a number of local, large end-to-end solution providers and product vendors. Wipro Infotech, Tata Consulting Services Limited, and Mahindra Satyam have had significant roles to play in hospital information systems (HIS) implementation, establishment of nationwide emergency systems, and growth of telemedicine.• India is at par with other Asian market in being a highly price-sensitive market. Local participants are dominant; however, this trend is slowly changing as more international companies have ventured through partnerships and strategic alliances.P41F-48 12
  11. 11. Market Drivers and Restraints Healthcare Information Technology Market: Market Drivers and Restraints (India), 2010-2016 Increase in Ever-increasing Advent of Rise in the demand competition among Technological volumes of healthcare private for quality healthcare advancement and private healthcare data and an insurance and facilities by rapidly groups is leading to value proposition of insufficient number of emergence of expanding middle healthcare IT performance professionals are India as a and affluent class solutions thatDrivers Drivers pressure on driving hospitals to medical population healthcare providers influence the adopt healthcare IT tourism operations and solutions destination reputation of hospitalsRestraints Restraints Huge initial Lack of flexible Limited knowledge investments and solutions and the about applications of immeasurable return required case-to-case Under funding of information technology on investments curb Lack of standards customization at the public in healthcare provider the penetration rate of and stringent customers’ end healthcare services space retards the vendors, thus regulations for IT increases the and the market restricting the market systems inhibits complexity of the consequent lack of revenues the market growth market and reduces its resources for IT growth potential investments Source: Frost & SullivanP41F-48 13