Indian Healthcare Providers To Spend $1.2 Billion on IT in 2016

In a major boost to the Indian healthcare sector, Connecticut-based IT research firm Gartner, Inc. predicts that the healthcare providers will spend roughly $1.2 billion on IT in 2016, higher by 3.4 percent over the previous year.

Healthcare providers refer to hospitals, hospital systems, nursing and residential care and university hospitals. The research expects the spending to be focused on internal services, software, IT services, data center systems, and devices and telecom services.

Moutusi Sau, principal research analyst at Gartner said,

IT services, which include consulting, software support, implementation, hardware, IT outsourcing (ITO) and business process outsourcing (BPO), will continue to be the largest overall spending category within the healthcare providers sector.

According to IBEF.org, the Indian healthcare industry has been growing at a staggering CAGR of 16.5 percent since 2008, which is expected to extend until 2020.

Indian healthcare

Deloitte Touche Tohmatsu India has forecasted that the Indian healthcare market, currently worth US$ 100 billion, will grow at a CAGR of 23 percent to US$ 280 billion by 2020. This is a phenomenal growth rate by any measure.

Another factor contributing to the higher spending is the rise in per capita healthcare expenditure, which is estimated to have grown at a 5 percent CAGR during 2008-2015.

healthcare spending

For a detailed analysis and information on healthcare sector IT spending, we suggest that our readers view this report, Forecast: Enterprise IT spending