The Indian electronic medical record market is projected to witness a compound annual growth rate of 6.67% to grow to US$314.720 million by 2026, from US$200.240 million in 2019. The Indian electronic medical record market is expected to grow owing to the rapid digitalization happening in the medical sector in India. According to the Future Health Index (FHI) 2019 report, India is leading in the adoption of digital health technology with 76% of healthcare professionals in the country already using digital health records (DHRs) in their practice. Also, with the influx of digital technologies in India such as artificial intelligence, machine learning, cloud computing, and others, the adoption of digitization in the medical sector and electronic medical sector is bound to rise in the coming years. Major companies, hospitals, and firms have been spending a significant sum of capital to adapt and develop digital technologies, related to healthcare. For Instance, JVS Technologies Pvt. Ltd., which has been headquartered in Ahmedabad, Gujarat, has been expanding its presence in the state and globally. The company has been providing high-value and low-cost product catering services to enhancing healthcare and patient care. SoftClinic, one of the major applications of the company, collects, compile and organize patients medical and clinical data, and store it in its server and system.
Indian Government Initiatives To Support Electronic Medical Record Services
The Indian electronic medical record market is expected to surge in the coming years due to the various steps taken by the Government of India to promote electronic medical records in the country. The national e-health Authority of India (NeHA) was set up in the year 2015 under the MoHFW to establish the e-health ecosystem in India. The Ministry of Health and Family Welfare, Government of India stated in 2017 that one of the prime objectives of the NeHA is to lay down data management, privacy and security policies, guidelines, and health records of patients under statutory provisions. Also, MoHFW has put forward a draft for the establishment of an Act called Digital Health Information in Healthcare Security (DISHA) for promotion or adoption of e-health standards. DISHA (2018) is "An Act to provide for the establishment of National and State e-Health Authorities and Health Information Exchanges; to standardize and regulate the processes related to collection, storing, transmission and use of digital health data; and to ensure reliability, data privacy, confidentiality and security of digital health data and such other matters related and incidental thereto". Furthermore, the Government of India has launched the Digital Health Mission which aims to digitize the health records of the Indian population by 2022. National Health Stack, a visionary digital framework is proposed by the National Institution for Transforming India (NITI Aayog). According to NITI Aayog, the National Health Stack (NHS) represents a holistic platform that supports a multitude of health verticals and their disparate branches and is capable of integrating future IT solutions for a sector poised for rapid, disruptive changes and unforeseen twists. It is now conceivable to aim for digital health records for all citizens by the year 2022. All these initiatives by the government are anticipated to bolster the growth of EMR in India during the forecasting period.
Different state governments in the country had been working to develop and enhance their own state’s electronic medical records system. For Instance, Kerala had successfully collected, placed, and stored electronic health records of 25.8 million people through its own ‘eHealth Project. Kerala’s state government initiative allows people and respective patients to access any government health center and hospital, without any document or papers. Gujarat has been developing and enhancing its electronic medical records system, in the past few years. Gujarat Hospital Management Information system is an electronic service, which is also a state-of-the-art healthcare solution to give and provide better and wider care to patients, by addressing the entire gamut and functional area of hospitals. The major aim of the initiative has been to maintain the electronic medical and health records of patients. The state also has School Health Program, which covers all 26 Districts and its 18,568 villages. The major purpose of the initiative is to maintain the health records of adolescents and children.
|Market size value in 2019||US$200.240 million|
|Market size value in 2026||US$314.720 million|
|Growth Rate||CAGR of 6.67% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Component, Mode Of Delivery, Type, State|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||DocEngage Informatics Pvt. Ltd., Gem3s Technologies Pvt. Ltd, NovoCura Tech Health Services Pvt. Ltd. (mfine), Practo Technologies Pvt. Ltd., Cerner Healthcare Solutions Pvt. Ltd., Philips India Limited, Siemens Healthcare Pvt. Ltd., Healthlink Technologies|
|Customization scope||Free report customization with purchase.|
4.3.Porter’s Five Force Analysis
4.3.1.Bargaining Power of Suppliers
4.3.2.Bargaining Power of Buyers
4.3.3.The threat of New Entrants
4.3.4.Threat of Substitutes
4.3.5.Competitive Rivalry in the Industry
5.INDIA ELECTRONIC MEDICAL RECORD MARKET BY COMPONENT
6.INDIA ELECTRONIC MEDICAL RECORD MARKET BY TYPE
7.INDIA ELECTRONIC MEDICAL RECORD MARKET BY MODE OF DELIVERY
8.INDIA ELECTRONIC MEDICAL RECORD MARKET BY STATE
9.COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1.Major Players and Strategy Analysis
9.2.Emerging Players and Market Lucrativeness
9.3.Mergers, Acquisitions, Agreements, and Collaborations
9.4.Vendor Competitiveness Matrix
10.1.DocEngage Informatics Pvt. Ltd.
10.2.Gem3s Technologies Pvt. Ltd
10.3.NovoCura Tech Health Services Pvt. Ltd. (mfine)
10.4.Practo Technologies Pvt. Ltd.
10.5.Cerner Healthcare Solutions Pvt. Ltd.
10.6.Philips India Limited
10.7.Siemens Healthcare Pvt. Ltd.
DocEngage Informatics Pvt. Ltd.
Gem3s Technologies Pvt. Ltd
NovoCura Tech Health Services Pvt. Ltd. (mfine)
Practo Technologies Pvt. Ltd.
Cerner Healthcare Solutions Pvt. Ltd.
Philips India Limited
Siemens Healthcare Pvt. Ltd.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.