Healthcare spends in India to reach $1.2 billion

MUMBAI, INDIA: 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 Gartner.

This forecast includes spending by healthcare providers on internal services, software, IT services, data center, devices and telecom services.

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, patient financial management, and more, will grow 6 percent in 2015 to reach $28 million.

“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, Gartner. “It is 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 in 2015 to reach $103 million in 2015.”

“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,” he said.