Healthcare Providers in India to Spend US $1.2 Billion on IT in 2015: Gartner

Mumbai, Sep 29: Health care providers in India are expected to spend $1.2 billion US Dollars (USD) on IT products and services in 2015, an increase of 7 percent over 2014, according to Gartner, Inc. This forecast includes spending by healthcare providers (includes hospitals, as well as ambulatory service and physicians practices) on internal services, software, IT services, data center, devices and telecom services.

“IT services, which includes consulting, implementation, 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 Anurag Gupta, research vice president at Gartner. “It is expected to reach $334 million USD 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 in 2015 to reach $103 million USD in 2015.”

The software market will grow 6.7 percent in 2015 to reach $102 million USD, up from $96 million in 2014. Vertical specific software (VSS), which includes hospital information system, electronic health/ medical records, health information management, patient financial management, and more, will grow 6 percent in 2015 to reach $28 million USD.

“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,” said Gupta.