Research On Global Markets
Syndicated Market Research Report
How can Artificial Intelligence (AI) in Healthcare Market in India help the public sector?7/19/2019 For a country like India with 1.3 Billion people and acute shortage of doctors, advanced technologies like Artificial Intelligence are no longer a luxury but the need of the hour for the healthcare sector. Every year India produces nearly 50000 doctors who barely meet the minimum requirements of providing healthcare services. At this rate, to get to the WHO (World Health Organization) recommended doctor patient ratio of 1:1000, India will take another decade. At this stage, it was rightly put across by the Niti Aayog, that Indian Healthcare Sector needs immediate enablement of Artificial Intelligence.
The artificial intelligence (AI) in healthcare market in India is expected to be worth nearly INR 431.97 Bn by 2021 expanding at a compound annual growth rate (CAGR) of nearly 40%, as per a report published on the official website of Research on Global Markets. From the government, the National eHealth Authority (NeHa) has been made responsible for the expansion of integrated health information system within the country, and as a result, the government encourages patient information exchange by using latest technologies. This is likely to encourage the healthcare service providers to invest in Artificial Intelligence enablement. When it comes to adoption of artificial intelligence in healthcare sector in India, corporates and start-ups have shown more enthusiasm leading to a widescale adoption of AI in many aspects of healthcare including diagnostics and imaging. As a response to this initial success, even the Niti Aayog has laid down coherent plans for further adoption of technology in the public healthcare sector. It is also planning to launch a campaign called National AI Marketplace which is a unique initiative to bring together enterprises and AI solution builders under a single umbrella. Through this, PSUs, Private enterprises, government, start-ups and academia will all pool in resources and research to promote the adoption of Artificial Intelligence across various sectors including healthcare. Similar steps are taken to reform medical education as well in which artificial intelligence can play a very crucial role. From verification of medical colleges to improvisation of course material and training curriculum, Artificial Intelligence has a huge potential to revolutionize the healthcare sector in India.
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