Press Release

India Healthcare Analytics Market to Grow with a CAGR of 25.01% through 2030

Investments by the healthcare industry into the IT development & digitization is expected to drive the India Healthcare Analytics Market growth in the forecast period, 2026-2030.

 

According to TechSci Research report, “India Healthcare Analytics Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the India Healthcare Analytics Market stood at USD 640.28 Million in 2024 and is anticipated to grow with a CAGR of 25.01% in the forecast period, 2026-2030. Several factors are driving the growth of the healthcare analytics market in India. With a burgeoning population, the need for efficient and cost-effective healthcare services is paramount, and analytics offers a solution to this demand.

Increasing digitization of healthcare records and the emergence of big data in healthcare are creating vast amounts of data that can be analyzed for insights. The government's push towards digitization and the adoption of AI in healthcare is also promoting the growth of the market. Furthermore, the rise of chronic diseases is engendering a need for predictive analytics to aid in early diagnosis and treatment.

The healthcare analytics market in India is witnessing significant growth due to several factors. One of the key drivers is the increasing digitization of healthcare data, which has led to a massive influx of data that can be leveraged for insights and decision-making. This, coupled with the growing demand for data-driven decision making in the healthcare sector, has created a strong impetus for the adoption of healthcare analytics solutions.

Within this market, various aspects of analytics are playing a crucial role. Predictive analytics, for instance, enables healthcare providers to forecast disease outbreaks, identify high-risk patients, and optimize treatment plans. Prescriptive analytics helps in determining the most effective interventions and treatment protocols, ensuring better patient outcomes. Descriptive analytics provides valuable insights into healthcare trends, utilization patterns, and cost optimization opportunities.

The growth of the healthcare analytics market is further driven by the pressing need to improve patient outcomes, enhance operational efficiency, and reduce healthcare costs. By leveraging analytics, healthcare providers can identify areas of improvement, streamline processes, and optimize resource allocation. This not only leads to better patient care but also contributes to overall cost savings in the healthcare system.

In India, the healthcare analytics market is a vibrant landscape with a diverse range of players. From startups that are leveraging advanced technologies to established IT and healthcare companies, all are actively working towards providing innovative solutions that are tailored to the unique challenges of the Indian healthcare ecosystem. These solutions aim to improve patient care, enhance hospital management, and drive operational excellence.

The healthcare analytics market in India is poised for remarkable growth, driven by the convergence of digitization, data-driven decision making, and the pursuit of better healthcare outcomes. The future holds immense potential for further advancements in this field, with analytics playing a pivotal role in transforming the healthcare landscape in India. With the increasing adoption of healthcare analytics solutions, healthcare providers will be able to unlock valuable insights, optimize patient care, and drive better outcomes in the Indian healthcare system, ultimately benefiting millions of people across the country.

           

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Healthcare Analytics Market

 

The India Healthcare Analytics Market is segmented into component, deployment mode, type, application, end user, regional distribution, and company.

Based on type, In India, the healthcare analytics market is projected to be primarily driven by Predictive Analytics. This is attributed to the growing demand for efficient healthcare services, where predictive analytics plays a vital role in facilitating such efficiency. By leveraging predictive analytics, healthcare providers are empowered to anticipate trends and outcomes, enabling them to make informed and data-driven decisions. With India's vast population and the escalating health concerns, the ability to proactively anticipate patient needs and optimize resource allocation becomes paramount. Predictive analytics emerges as a crucial and indispensable tool in the ever-evolving healthcare sector, ensuring improved healthcare outcomes and enhanced operational efficiency. It allows healthcare organizations to identify patterns, detect early signs of diseases, and develop personalized treatment plans, leading to better patient care.

Predictive analytics also contributes to cost reduction by optimizing healthcare resource allocation and streamlining operations. It helps in predicting demand, reducing readmission rates, and identifying high-risk patients, thus enabling healthcare providers to allocate resources efficiently and effectively. The utilization of predictive analytics in the Indian healthcare sector holds immense potential. It not only enhances healthcare outcomes but also addresses the challenges posed by the country's large and diverse population. By harnessing the power of predictive analytics, India can strive towards a more efficient, patient-centric, and sustainable healthcare system.

In 2024, South India is dominating the India healthcare analytics market. The area boasts a robust healthcare infrastructure, housing numerous premier medical institutions that ensure access to top-tier healthcare services. This strong foundation serves as a catalyst for the growth of healthcare analytics, facilitating the use of data-driven insights to enhance patient outcomes and operational efficiency. The thriving IT sector in cities like Bengaluru and Hyderabad plays a pivotal role in enabling advanced data analytics within the healthcare domain. The presence of these technological hubs ensures access to state-of-the-art technology and technical expertise, empowering healthcare organizations to fully leverage the potential of data analytics.

Government policies in South Indian states actively promote digital healthcare initiatives, creating an environment conducive to the adoption of analytics in the healthcare sector. These policies not only facilitate the seamless integration of analytics into healthcare practices but also encourage innovation and collaboration between healthcare providers and technology companies. 

 

Major companies operating in India Healthcare Analytics Market are:

·         Allscripts Healthcare Solutions Inc

·         Oracle Cerner Healthcare Solutions Private Limited

·         CitiusTech Inc

·         IBM India Private Limited

·         Philips India Limited

·         CVS Health

·         India Medtronic Private Limited

·         Cotiviti Inc

·         Wipro Limited

·         Optum Global Solutions India Pvt. Ltd.

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“The future of the healthcare analytics market in India is expected to witness significant growth in the coming years. The increasing digitalization of healthcare systems has led to the generation of vast amounts of healthcare data, creating opportunities for analytics-driven insights and decision-making. Moreover, advancements in predictive analytics and artificial intelligence (AI) are revolutionizing the healthcare industry. By leveraging AI algorithms and predictive models, healthcare professionals can make more accurate and timely decisions, leading to improved patient care and reduced healthcare costs.,” said Mr. Karan Chechi, Research Director, TechSci Research, a research-based management consulting firm.

India Healthcare Analytics Market By Component (Hardware, Software, Services), By Deployment Mode (On-premise, Cloud), By Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics), By Application (Financial Analysis, Operational & Administrative Analysis, Clinical Analysis, Population Health Analysis), By End User (Healthcare Payers, Healthcare Providers, Third Party Administrators, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Healthcare Analytics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Healthcare Analytics Market.

 

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