India Electronic Medical Record Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By Type (General EMR And Specialty EMR), By Mode Of Delivery (Cloud Based And On-Premise), And By State – Forecasts From 2023 To 2028

The Indian electronic medical record (EMR) market is expected to grow at a compound yearly growth rate of 6.13% over the forecast period, increasing from US$211.059 million in 2021 to US$320.069 million in 2028.

The healthcare industry in India is experiencing an increase in demand for electronic medical records (EMRs) driven by various factors. With the growing prevalence of chronic diseases, the need for efficient and cost-effective healthcare services is becoming more prominent. In addition, the Indian government has been promoting digital healthcare initiatives, such as the National Digital Health Mission, encouraging the adoption of EMRs. According to Fortis Healthcare's 2022 reports, the implementation of Electronic Medical Records (EMR) played a significant role in the company's digital transformation efforts and contributed to its digital revenue growth. The reports revealed that revenues from digital channels increased by 48% over the second quarter of 2022. By digitizing patient records and providing real-time access to data, the company could offer better healthcare services and increase its revenue streams through its digital channels. 

Favorable government initiatives drive the Indian electronic medical record market.

Electronic Medical Record is a digital application designed to store a patient's medical and treatment history. The EMR system is intended to be web-based and includes comprehensive health-related information about a patient at a healthcare facility. This software assists clinicians in tracking their patients' medical history, monitoring their health status, and recommending preventive check-ups and screenings. The healthcare industry in India has experienced a significant surge in hospital admissions and patient visits during the COVID-19 pandemic. According to a report by the Department of Health & Family Welfare, Govt. of India, in 2022, hospital admissions reached 2.92 lakh, with 5,010 indoor admissions. This rise in demand for medical services has also led to an increased need for electronic medical records (EMRs) in the country. With more patients seeking medical attention, maintaining accurate and updated medical records has become more crucial than ever before. EMRs aid healthcare providers in keeping track of patient health records and empower them to make informed decisions and deliver better patient care.

The National Institution for Transforming India (NITI Aayog) has proposed a revolutionary digital framework, the "National Health Stack," which aims to create digital health records for all Indian citizens by 2022. The National Health Stack seeks to establish a unified system for collecting, managing, and sharing EMRs across healthcare providers and stakeholders in India. This groundbreaking initiative is expected to accelerate the growth of the EMR market in India, promote innovation, and enhance healthcare access and outcomes for patients. The launch of the National Health Stack is a significant step towards digitalizing India's healthcare system, and it highlights the government's commitment to leveraging technology to transform the country's healthcare landscape.

Market Developments:

• In March 2023, Indian EMR startup HealthPlix received an investment of US$ 22 million. The HealthPlix EMR delivers AI-powered clinical decision assistance. Over 10,000 physicians now use it to treat 2.5 percent of the Indian population.
• In July 2022, Eka Care, an Indian medical startup that provides general electronic medical record solutions, received an investment of US$ 15 million. Using this investment, it intends to employ more programmers and physicians for its platform, which has over 30 million registered users and 5,000 doctors.
• In July 2022, MyHealthcare announced the debut of India's first single-screen general EMR. This technology enables doctors and clinicians to submit all medical information for a patient visit on a single screen. By providing an EMR platform that offers fewer clicks, quicker workflows, and the ability to work on one screen, the system seeks to enable clinicians to have a more efficient and pleasant approach to delivering value-based care.

The general EMR segment is expected to witness robust growth. 

The Indian electronic medical record market for general EMR software is growing, driven by favorable government schemes & incentives, continuous product launches, and rising investment in Indian healthcare startups. General EMR software helps streamline workflow, improves productivity, and increases accuracy in documentation. It also allows physicians to make informed medical decisions and provides quality healthcare to patients.

Delhi is one of the major states in the Indian EMR market. 

Delhi's demand for better patient care is driven by several factors, including a growing population, an increasing burden of chronic diseases, and rising healthcare costs. In response, healthcare providers are turning to digital health technologies, such as EMR systems, to improve the quality of care they provide. EMR systems can help healthcare providers to streamline their operations, reduce medical errors, and improve patient outcomes.

The Indian government has been actively promoting the adoption of digital health technologies, including EMR systems, to improve healthcare delivery across the country. The National Health Stack (NHS), launched in 2018, is a key initiative to create a digital health ecosystem that can support the delivery of healthcare services using technology. The NHS aims to provide a set of core building blocks, such as a unique health ID and health registries, that can be used to create a common digital health infrastructure across the country. The government has also launched the Ayushman Bharat scheme, which provides financial protection to vulnerable populations by offering free healthcare services up to a certain limit.

India Electronic Medical Record Market Scope:

Market Segmentation:

• BY COMPONENT
  • Hardware
  • Software
  • Service
• BY TYPE
  • General EMR
  • Specialty EMR
• BY DEPLOYMENT MODEL
  • Cloud-Based
  • On-Premise
• BY STATE
  • Delhi
  • Karnataka
  • Maharashtra
  • Gujarat
  • Tamil Nadu
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. INDIA ELECTRONIC MEDICAL RECORD MARKET BY COMPONENT

5.1.  Introduction

5.2. Hardware

5.3. Software

5.4. Service

6. INDIA ELECTRONIC MEDICAL RECORD MARKET BY TYPE

6.1. Introduction

6.2. General EMR

6.3. Specialty EMR

7. INDIA ELECTRONIC MEDICAL RECORD MARKET BY DEPLOYMENT MODEL

7.1. Introduction

7.2. Cloud Based

7.3. On-Premise

8. INDIA ELECTRONIC MEDICAL RECORD MARKET BY STATE

8.1. Introduction

8.2. Delhi

8.3. Karnataka

8.4. Maharashtra

8.5. Gujarat

8.6. Tamil Nadu

8.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. DocEngage Informatics

10.2. Gem3s Technologies Pvt. Ltd

10.3. Mfine Pvt. Ltd.

10.4. Practo Technologies Pvt. Ltd.

10.5. Cerner Healthcare Solutions Pvt. Ltd. (Oracle)

10.6. Philips India Limited

10.7. Siemens Healthcare Private Limited

10.8. Healthlink

DocEngage Informatics

Gem3s Technologies Pvt. Ltd

Mfine Pvt. Ltd.

Practo Technologies Pvt. Ltd.

Cerner Healthcare Solutions Pvt. Ltd. (Oracle)

Philips India Limited

Siemens Healthcare Private Limited

Healthlink