Artificial Intelligence (AI) in Healthcare Market in India (2019-2027)

The adoption of artificial intelligence (AI) is reshaping the Indian healthcare market significantly. AI-enabled healthcare services like automated analysis of medical tests, predictive healthcare diagnosis, automation of healthcare diagnosis with the help of monitoring equipment, and wearable sensor-based medical devices, are expected to revolutionize medical treatment processes in the country.

Market insights:
It is predicted that the applications of artificial intelligence in the healthcare space will be worth INR ~431.97 Bn by 2021, expanding at a rate of ~40%. Based on this growth of AI applications in healthcare, the doctor-patient ratio in India is expected to reach ~6.9:1,000 by 2023, from its 2017 ratio of ~4.8:1000. The capability of AI applications to improve doctors' efficiency will help in tackling challenges like uneven doctor-patient ratio, by providing rural populations high-quality healthcare, and training doctors and nurses to handle complex medical procedures.
Artificial intelligence is used in six healthcare segments: hospitals, pharmaceuticals, diagnostics, medical equipment and supplies, medical insurance, and telemedicine. Artivatic Data Labs Private Limited, Analytix Private Limited, IBM India Limited, Niramai Health Sigtuple Technologies Private Limited, and Tricog Health Services Private Limited are the major players operating in this sector.

Government initiatives:
o The Information Technology Act, 2000, and the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, mandate that service providers and patients exchange information constantly by using the latest technologies.
o National eHealth Authority (NeHA) - An authority which is responsible for the expansion of the integrated health information system within India.
o The United States-India Science and Technology Endowment Fund, is aimed at helping teams of innovators and entrepreneurs from both countries, whose products will improve the quality of healthcare, by harnessing the power of artificial intelligence.

Benefits of AI in the healthcare sector:
o The patient-doctor ratio in India is as low as 1,700:1. Also, ~70% of the healthcare infrastructure is in cities, which cater to ~30% of the country's population. With the use of artificial intelligence applications, doctors can offer their services to more patients and reduce the existing gap in demand and supply of medical services in the country.
o AI-enabled healthcare services can be delivered at lower costs with increased efficiency and an emphasis on diagnostics. Moreover, artificial intelligence enables hospitals to implement patient-centric plans and eliminate unnecessary hospital procedures, making delivery of healthcare services faster in India.

Key deterrents to the growth of the market:
India lacks standardized guidelines for designing AI applications that can be used in healthcare systems. Lack of clarity deters the use of artificial intelligence in the Indian healthcare industry. Also, most AI companies which aid the healthcare sector, are start-ups. Medical practitioners are not quick to trust start-ups whose products are not nationally or internationally certified. As a result, start-ups' sales get hampered, resulting in the limited implementation of AI in the Indian healthcare industry.  
Companies covered:
o Aindra Systems Private Limited
o Advenio Tecnosys Private Limited
o Artivatic Data Labs Private Limited
o Niramai Health Analytix Private Limited
o Predible Health Private Limited
o Qure.Ai Technologies Private Limited
o Sigtuple Technologies Private Limited
o Tricog Health Services Private Limited
o IBM India Private Limited
o Microsoft Corporation (India) Private Limited

Customizations available
With the given market data, we offer customizations according to specific needs. Write to us at [email protected], or connect with us here.
Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Artificial Intelligence (AI) market - definition and structure
3.2. Forms of AI used in healthcare

Chapter 4: India healthcare and artificial intelligence market
4.1. Artificial Intelligence in healthcare market - overview
4.2. India artificial intelligence market size and growth forecast (FY 2017-FY 2023e)
4.3. India healthcare market size and growth forecast (FY 2018-FY 2023e)

4.4. Usage of artificial intelligence in various healthcare segments
o Hospitals
o Pharmaceuticals
o Diagnostics
o Medical equipment and supplies
o Medical insurance
o Telemedicine

Chapter 5: Key growth drivers of the market

Chapter 6: Key deterrents to the growth of the market

Chapter 7: Government initiatives

Chapter 8: Competitive landscape
8.1. Aindra Systems Private Limited
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographic segments
Note: Similar information areas will be covered for the remaining competitors

8.2. Advenio Tecnosys Private Limited
8.3. Artivatic Data Labs Private Limited
8.4. Niramai Health Analytix Private Limited
8.5. Predible Health Private Limited
8.6. Qure.Ai Technologies Private Limited
8.7. Sigtuple Technologies Private Limited
8.8. Tricog Health Services Private Limited
8.9. IBM India Private Limited
8.10. Microsoft Corporation (India) Private Limited

Chapter 9: Recent developments

Appendix

1. Research methodology
2. About Research On Global Markets

Global Artificial Turf Market Research Report 2020-2024

Published Date : Feb 2020

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Artificial Turf Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional...

Global Artificial Intelligence in Computer Networks Market Research Report 2020-2024

Published Date : Feb 2020

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Artificial Intelligence in Computer Networks Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report ...

Global Artificial Intelligence in Medical Imaging Market Research Report 2020-2024

Published Date : Feb 2020

One of the most promising areas of health innovation is the application of artificial intelligence (AI) in medical imaging, including, but not limited to, image processing and interpretation. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big infl...

Global Location Intelligence Tools Market Research Report 2020-2024

Published Date : Feb 2020

Location intelligence (LI) is a business intelligence (BI) tool capability that relates geographic contexts to business data. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Location Intelligence Tools Report by Materi...

Global Healthcare Logistics Market Research Report 2020-2024

Published Date : Feb 2020

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Healthcare Logistics Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major reg...

Global Location Intelligence Platforms Market Research Report 2020-2024

Published Date : Feb 2020

Location intelligence platforms help firms do this by embedding location information and spatial analytics techniques into business and customer digital touchpoints. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Loca...

Global Location Intelligence Systems Market Research Report 2020-2024

Published Date : Feb 2020

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Location Intelligence Systems Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's ...

USA Healthcare Packaging Market Report 2019

Published Date : Feb 2020

In this report, our team research the USA Healthcare Packaging market by type, application, region and manufacturer (2014-2020) and forcast 2021-2026. For the region, type and application, the sales, revenue and their market share, growth rate are key research objects; we can research the manufactur...

Europe Healthcare Packaging Market Report 2019

Published Date : Feb 2020

In this report, our team research the Europe Healthcare Packaging market by type, application, region and manufacturer 2014-2020 and forcast 2021-2026. For the region, type and application, the sales, revenue and their market share, growth rate are key research objects; we can research the manufactu...

China Healthcare Packaging Market Report 2019

Published Date : Feb 2020

In this report, our team research the China Healthcare Packaging market by type, application, region and manufacturer 2014-2020 and forcast 2021-2026. For the region, type and application, the sales, revenue and their market share, growth rate are key research objects; we can research the manufactur...

 

Select License :

  • Single User : $950

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.