Healthcare providers to spend $1.2 billion on IT products & services

Healthcare providers in India are expected to spend $1.2 billion on IT products and services in 2016, an increase of 3.4% year-on-year, according to information technology research firm, Gartner. 

This forecast includes spending by healthcare providers (includes hospitals, hospital systems, nursing and residential care, and university hospitals) on internal services, software, IT services, data center systems, devices and telecom services.(Economic Times)

“IT services, which includes consulting, software support, implementation, hardware, IT outsourcing (ITO) and business process outsourcing (BPO), will continue to be the largest overall spending category within the healthcare providers sector,” said Moutusi Sau principal research analyst at Gartner.

The software market will grow 6% in 2016 to reach $106 million, up from $100 million in 2015. Infrastructure will grow 4.5% in 2016 to reach $43 million, the release adds. “It is expected to reach $339 million in 2016, growing 5.2% over 2015. The BPO sub-segment will record the fastest growth rate of 15.4% over 2015. ITO will be the largest sub-segment in IT services recording a 7.5% increase in 2016 to reach $107 million in 2016.”

Gartner also predicts that the Indian government will see a marginal 3.1% uptick in the IT spending for 2016, at $7 billion. This includes spending on internal services, software, IT services, data centres, devices and telecom services by local, state and Union governments. IT services which include consulting, software support, business process outsourcing, IT outsourcing, implementation, and hardware support are expected to grow at 8.8% in 2016 to $1.6 billion, it sa