Increasing Number of Hospitals and Home Care Centers to Drive Healthcare Informatics and Patient Monitoring Market in India

The alarming rise of chronic diseases in India and owing to the high increase in geriatric population is driving the demand for healthcare informatics and patient monitoring. The lifestyle changes of the people on account of urbanization are aiding the growth of the healthcare informatics and patient monitoring. In addition to this, the growth in the disposable income of the people in India is also pushing the growth of this market. As per a report published by Transparency Market Research (TMR), a market intelligence company, the market for healthcare informatics and patient monitoring in India will likely expand at a stellar 16.3% CAGR during the period between 2017 and 2025. The market is expected to be worth US$560.9 mn by 2025.

Given below are some of the key questions answered by experts from TMR regarding the Indian healthcare informatics and patient monitoring market:

Q. What are the factors boosting the growth of the healthcare informatics and patient monitoring market in India?

The need to establish an effective treatment platform for monitoring disease progression is driving key players in the market towards innovation and new developments. The rapid technological innovations and advancements in patient monitoring devices in India is thus, expected to drive this market. The growing awareness about the latest technologies available in the field is also expected to drive the growth of this market. Moreover, the increasing number of hospitals and home care centers in India will encourage the demand for healthcare informatics and patient monitoring systems. Patient monitors help in keeping a tab on a patient’s important signs and indications when under critical care, driving the market. These monitors can measure five signs in a patient: blood pressure, temperature, pulse oximetry, heart rate, and respiratory rate, which are important for doctors to determine patient health, and thus will remain in demand. 


Q.  Which segment will emerge dominant on the basis of demography?

On the basis of demography, the Indian healthcare informatics and patient monitoring market is segmented into rural hospitals and healthcare facilities and metropolitan and urban hospitals and healthcare facilities. Of these, the metropolitan and urban hospitals and healthcare facilities segment is leading in the market on account of the growing occurrence of respiratory diseases and cardiovascular diseases. The increasing incidences of fatal conditions will also push the growth of this segment. In addition to this, the growing number of beds in tier 1 and tier 2 cities is also anticipated to propel the growth of the metropolitan and urban hospitals and healthcare facilities segment. However, the rural hospitals and healthcare facilities segment will also witness a healthy growth in the years to come on account of the high demand for multispecialty hospitals in rural areas of the country.  

Q. Which region in India will be most lucrative in the healthcare informatics and patient monitoring market in the years to come?

The South of India is currently in the leading position as it has made the maximum progress on account of the quick adoption of latest medical technologies. Availability of superior patient monitors, which are technically advanced is also a key driving factor for the Southern region of India in the healthcare informatics and patient monitoring market. The high support from the government is also a key factor boosting the growth of the market in this part of India. The Eastern part of India is also anticipated to witness a rise on account of the high population present in Kolkata. The city has a large number of patients suffering from respiratory disorders  as well as cardiovascular diseases. 

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