Indian Healthcare market is expanding with AI, IoT and Big data analytics

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            In every country, the healthcare industry is facing a lot of problems. Our country will take a challenge on a different meaning when they consider the vast area and the sheer number of potential beneficiaries. There are a lot of challenges like challenges unique to a specific geographic area, diversity of the population, and digital literacy. With the initiation of Artificial Intelligence in healthcare it is imperative that the scientific community adopts it to deliver state of the art research outcomes as well as services.

      Healthcare is been considered as the most dynamic, challenging sector in India and is expected to grow to 280 billion USD by 2020, at a Compound annual growth rate (CAGR) of upwards of 16%, from the current around 100 billion USD. But still, healthcare faces major challenges of accessibility, quality, and affordability for a large section of the population. 

            The market forces, growing million of population, and growth of technology adoption has been increasing rapidly for the last decades and so far. The dependency on digital technology is been increasing, such that providers are bringing out a smarter decision system and patients are even more aware of the healthcare they need. In addition to that, India has developed a lot of infrastructures, and introduction to policy changes has been one of the most important reasons for the fastest growing healthcare economies. On the process of improvement in the digital healthcare market, the Government came up with many supportive policies along with the high digital index adoption by consumers. In the development of data technologies such as artificial intelligence (AI), machine learning, big data analytics and the Internet of Medical things have specifically helped in defining the shape of the Indian digital healthcare market.

To initiate the adoption of digital health, the Indian government through the Ministry of Health and Family Welfare (MoHFW) has taken steps for various eHealth initiatives. The initiatives’ only goal is to provide better health outcomes which include improved access to therapy, higher quality of care, cost-effective treatment options for the masses, focus on preventive care, and efficient monitoring of health entitlements are equal for both patients and community level.

       India has created one of the world’s largest government-funded health insurance schemes to provide insurance coverage to nearly more than 100 million Indians. This funding scheme is known as Ayushman Bharat Yojana. The government realized that making health more equitable, accessible, and available are the most emerging challenges faced by the Indian healthcare system.

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