The Indian electronic medical record (EMR) market is expected to grow at a compound annual growth rate of 6.13% over the forecast period, increasing from US$211.059 million in 2021 to US$320.069 million in 2028.
The healthcare industry in India is experiencing an increase in demand for electronic medical records (EMRs) driven by various factors. With the growing prevalence of chronic diseases, the need for efficient and cost-effective healthcare services is becoming more prominent. In addition, the Indian government has been promoting digital healthcare initiatives, such as the National Digital Health Mission, encouraging the adoption of EMRs.
According to Fortis Healthcare's 2022 reports, the implementation of Electronic Medical Records (EMR) played a significant role in the company's digital transformation efforts and contributed to its digital revenue growth. The reports revealed that revenues from digital channels increased by 48% over the second quarter of 2022. By digitizing patient records and providing real-time access to data, the company could offer better healthcare services and increase its revenue streams through its digital channels.
Electronic Medical Record is a digital application designed to store a patient's medical and treatment history. The EMR system is intended to be web-based and includes comprehensive health-related information about a patient at a healthcare facility. This software assists clinicians in tracking their patients' medical history, monitoring their health status, and recommending preventive check-ups and screenings.
The healthcare industry in India has experienced a significant surge in hospital admissions and patient visits during the COVID-19 pandemic. According to a report by the Department of Health & Family Welfare, Govt. of India, in 2022, hospital admissions reached 2.92 lakh, with 5,010 indoor admissions. This rise in demand for medical services has also led to an increased need for electronic medical records (EMRs) in the country.
With more patients seeking medical attention, maintaining accurate and updated medical records has become more crucial than ever before. EMRs aid healthcare providers in keeping track of patient health records and empower them to make informed decisions and deliver better patient care.
The National Institution for Transforming India (NITI Aayog) has proposed a revolutionary digital framework, the "National Health Stack," which aims to create digital health records for all Indian citizens by 2022. The National Health Stack seeks to establish a unified system for collecting, managing, and sharing EMRs across healthcare providers and stakeholders in India. This groundbreaking initiative is expected to accelerate the growth of the EMR market in India, promote innovation, and enhance healthcare access and outcomes for patients. The launch of the National Health Stack is a significant step towards digitalizing India's healthcare system, and it highlights the government's commitment to leveraging technology to transform the country's healthcare landscape.
The Indian electronic medical record market for general EMR software is growing, driven by favorable government schemes & incentives, continuous product launches, and rising investment in Indian healthcare startups.
General EMR software helps streamline workflow, improve productivity, and increase accuracy in documentation. It also allows physicians to make informed medical decisions and provides quality healthcare to patients.
Delhi's demand for better patient care is driven by several factors, including a growing population, an increasing burden of chronic diseases, and rising healthcare costs. In response, healthcare providers are turning to digital health technologies, such as EMR systems, to improve the quality of care they provide. EMR systems can help healthcare providers to streamline their operations, reduce medical errors, and improve patient outcomes.
The Indian government has been actively promoting the adoption of digital health technologies, including EMR systems, to improve healthcare delivery across the country. The National Health Stack (NHS), launched in 2018, is a key initiative to create a digital health ecosystem that can support the delivery of healthcare services using technology. The NHS aims to provide a set of core building blocks, such as a unique health ID and health registries, that can be used to create a common digital health infrastructure across the country. The government has also launched the Ayushman Bharat scheme, which provides financial protection to vulnerable populations by offering free healthcare services up to a certain limit.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$211.059 million |
| Market Size Value in 2028 | US$320.069 million |
| Growth Rate | CAGR of 6.13% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Component, Type, Mode Of Delivery, and State |
| Regions Covered | Delhi, Karnataka, Maharashtra, Gujarat, Tamil Nadu, Others |
| Companies Covered | DocEngage Informatics, Gem3s Technologies Pvt. Ltd, Mfine Pvt. Ltd., Practo Technologies Pvt. Ltd., Cerner Healthcare Solutions Pvt. Ltd. (Oracle), Philips India Limited, Siemens Healthcare Private Limited, Healthlink |
| Customization Scope | Free report customization with purchase |
India Electronic Medical Record Market Segmentation: