India is expected to rank amongst the top 3 healthcare markets in terms of incremental growth by 2020. Indian healthcare sector, one of the fastest growing industries, is expected to advance at a CAGR of 22 per cent during 2016-2022 to reach US$ 372 billion by 2022. The existing Healthcare Information Technology (IT) market which is valued at 1 billion USD is likely to grow 1.5 times faster.
There is immense scope for enhancing healthcare services penetration in India. An unparalleled pace of technological revolution in healthcare has transformed almost every aspect of our lives. Innovations in the digital space have now made it possible for consumers to use portable devices to access their medical history, keep an eye on their important signs, take tests at home and help in carrying out a wide range of tasks.