DUBLIN--(BUSINESS WIRE)--The "Healthcare Analytics Market in India 2020" report has been added to ResearchAndMarkets.com's offering.

Healthcare analytics is a part of the digital healthcare system, which is technologically advanced and provides enhanced health management services using IT and effective communication tools. Though at a nascent stage in India, healthcare analytics has the potential to fill the gap between the lack of availability of clinicians and limited capacity of clinics to serve patients with the help of artificial intelligence (AI) and Big Data analytics.

Healthcare analytics aims to enhance patient outcomes by assisting healthcare practitioners with the use of medical knowledge that has been memorized and analyzed by computer-enabled robotic systems, that results in an effective medical solution. It encompasses mainly three types of analytics solutions, namely descriptive analytics, predictive analytics and prescriptive analytics. Healthcare practitioners, healthcare providers, the government and pharmaceutical companies are the major end-users of healthcare analytics solutions.

Market insights:

In 2019, healthcare analytics accounted for ~10.81% of the digital healthcare market in India. The healthcare analytics market in India is expected to reach a value of INR 47.04 Bn by 2025, expanding at a CAGR of ~20.49% during the 2020-2025 period. Factors like an increased focus on collection and analysis of data from different healthcare sources for improved customer service, technological advancements and rising adoption of EHRs are expected to drive the growth of the healthcare analytics market in India.

Over the past few years, the volume of data generated by healthcare organizations has increased immensely on account of the growing adoption of digital technology, Big Data and other advanced technologies. Use of descriptive analytics techniques facilitates better analysis of structured and unstructured data and generates valuable insights to make improved clinical decisions. Descriptive analytics accounted for ~75% of the total healthcare analytics market in 2019 in terms of the type of analytics used in healthcare organizations in India, followed by predictive and prescriptive analytics.

It is estimated that in India (including rural and urban India), 4,300 people die every day due to poor diagnosis and wrong treatment of diseases. Healthcare analytics is expected to bring down this patient death rate by using more advanced tools for diagnosis and planning out proper treatment procedures.

However, with rapid digitization, cybercrime poses a major challenge for the growth of the Indian healthcare industry at large. The healthcare sector is increasingly being beset with social engineering and email spoofing to target human nature and behaviour. Healthcare providers that adopt healthcare analytics tools and software should work together with cybersecurity companies, and identify techniques to secure EHRs and analytics applications, which are used remotely by various clinics to minimize cyber threats.

Using healthcare analytics to contain the COVID-19 pandemic globally:

AI has emerged as a powerful tool to fight against the deadly novel coronavirus. Healthcare providers, healthcare professionals and researchers are increasingly using AI, machine learning, and natural language processing in order to track and contain coronavirus and gain a comprehensive understanding of the ongoing pandemic, globally, as well as in India. Using predictive analytics, healthcare data scientists and researchers are analyzing patient data sets to determine hotspot areas. This would allow them to recommend strategies for quarantining people to curb the contagion, and most importantly deploy and test new vaccines and drugs.

Companies covered:

• Aindra Systems
• Artificial Learning System (Artelus)
• Health Arx Technologies Pvt. Ltd.
• Niramai Health Analytix Pvt. Ltd.
• Predible Health
• Qure.ai
• SigTuple Technologies Pvt. Ltd.
• Tricog Health India Pvt. Ltd.
• IBM India Pvt. Ltd.
• Microsoft Corporation India Pvt. Ltd.
• Siemens Healthcare Pvt. Ltd.

Key Topics Covered:

1: Executive summary

2: Socio-economic indicators

3: Introduction

3.1. Market definition and structure

3.2. Types of healthcare analytics

3.2. Scope of digital healthcare (healthcare analytics) in India

4: India healthcare analytics market overview

4.1. Digital healthcare market in India - overview

4.1.1. Market size and growth forecast (2018-2025e)

4.2. Healthcare analytics market in India - overview

4.2.1. Market size and growth forecast (2018-2025e)

4.2.2. Market segmentation- based on type of healthcare analytics (2019)

4.3. Advantages of using analytics by healthcare industry stakeholders

5: Usage of healthcare analytics to combat the COVID-19 pandemic

5.1. Global

5.2. India

6: Use cases of analytics in the Indian healthcare industry

6.1. Apollo Hospitals

6.2. Narayana Hrudayalaya Ltd.

7: Government initiatives

7.1. Government initiatives to promote digital healthcare in India

8: Market influencers

8.1. Market drivers

8.2. Market challenges

9: Competitive landscape

10: Recent collaborations and partnerships

11: Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ri02va

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