With the healthcare industry seeing a robust growth trajectory, Indian healthcare market is experiencing a gradual transition from traditional healthcare models to digital health solutions. As per RNCOS analysis, the market size of Healthcare industry in India is anticipated to grow at a CAGR of around 16% to US$ 280 billion in 2020.

Pointing out the potential of this industry, Shushmul Maheshwari, CEO-RNCOS said, “Growth in Indian healthcare market will be supplemented by growing demand for greater value care and adoption of technology-based solutions. He further added, “The evolution of new technologies, such as Digital health knowledge resources, electronic medical record are two major contributing factors as well”.

According to RNCOS, the application of Information Technology in the healthcare industry is gradually improvising the scenario of Indian healthcare industry. Also, Information Technology is set to play a big role with IT applications on a large scale. For instance, the proliferation of IT in the health sector has enhanced the flow of big data exponentially from various sources, such as, wearable health gadgets and hospital database. Furthermore, with the emergence of big data, the rise in the number of publically available clinical trials has increased. The field of genomics has also taken a giant stride in evolving personalized and genetic medicine with the help of big data.

Another major application of IT in the healthcare industry includes Internet of Things (IoT). It is a disruptive, innovative technology which is expected to change the way in which healthcare will be delivered, ensuring better outcomes, increasing efficiency and making healthcare affordable to all. Moreover, with the rise of the Internet of (Medical) Things, mobile and wearable devices are increasingly connected, working together to create a cohesive medical report accessible anywhere by your health care provider.

With more than a decade of experience in healthcare industry, RNCOS can act as a potential growth partner in all your business endeavors, be it product launching, geographic expansion, sales improvement, distributor/retailer tie-ups etc. We help make your business flourish by studying the market dynamics, collating with your business and devising the right strategies.

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ABOUT RNCOS

RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.