Frost & Sullivan Predicts Indian Healthcare to touch $276 Billion by 2020

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Technologies such as tele-medicine are set to become big game changers for healthcare industry

Research organization, Frost & Sullivan has developed the top Mega Trends for India and projected that the Indian healthcare industry will see a growth of $275.6 billion in 2020 from $50 billion in 2011.

Technologies like tele-medicine, hospital management etc will play a major role in realizing this growth.

The Medical Tourism industry in India is competitive in nature and has been able to attract a large number of foreign visitors surpassing the figures for other Southeast Asian countries, thereby contributing significantly to the country's economy.

It is expected to witness tremendous growth from $ 0.15 billion in 2010 to $2.02 billion in 2015. E-Medical (for example, tele medicine, hospital information systems, customer service using internet) will also see huge potential growing from $191 million in 2010 to $1.5 billion in 2020.

The field of healthcare is undergoing a major change in guard as far as usage of technology is concerned. Today a lot more hospitals and healthcare focused organizations are using or evaluating modern IT services like e-medicine or tele-medicine which is helping them in terms of reducing the OpEx and increasing their revenue streams multi-fold.

In the near future more and more healthcare organizations are set to gain from the technology advantage thrown open with the help of a mix of technology and specialized care services.