India’s electronic health record market set to grow at a CAGR of 5% through 2025: Global data

August 16, 2019 0 By FM

The Indian electronic health records (EHRs) market is expected to grow at a compound annual growth rate (CAGR) of 5% through 2025, according to a report by the leading data and analytics company, GlobalData.

India’s plan to digitize its healthcare system with interoperable EHRs will further drive the country’s EHR market, says the report..

Indian EHR market accounted for approximately 9% of the Asia-Pacific (APAC) EHR market in 2018.

Rohit Anand, Medical Device Analyst at GlobalData, stressed that a lack of digitization and health insurance coverage are the two major challenges in India.

“The government needs reliable data on disease, tests and medicines to formulate a rational healthcare policy,.” says Anand

In July 2019, the Ministry of Health and Family Welfare of Indian government released National Digital Health Blueprint (NDHB) with ultimate goal to achieve Universal Health Coverage (UHC) through ‘Ayushman Bharat’. The two key objectives of this programme are to set-up 150,000 Health and Wellness Centres for primary healthcare and provide healthcare coverage to over 100 million poor and vulnerable families.

“UHC will generate a large amount of health data and digital health records can provide support and accelerate this transformation. EHRs will provide the Indian government with access to direct and reliable healthcare data and information on health conditions. This data will help the government to regulate the cost of treatment and medical research.” adds Anand.

Implementation of EHR is currently limited to major private hospitals such as Apollo and Fortis & Max Hospitals, and to a few government hospitals such as AIIMS mostly in urban India.