Healthcare analytics aims to enhance patient outcomes by assisting healthcare practitioners with the use of medical knowledge that have been memorized and analyzed by
computer-enabled robotic systems, that results in an effective medical solution. It encompasses mainly three types of analytics solutions, namely descriptive analytics, predictive analytics and prescriptive analytics. Healthcare practitioners, healthcare providers, the government and pharmaceutical companies are the major end users of healthcare analytics solutions.

Market insights:
In 2019, healthcare analytics accounted for ~10.81% of the digital healthcare market in India. The healthcare analytics market in India is expected to reach a value of INR 47.04 Bn by 2025, expanding at a CAGR of ~20.49% during the 2020-2025 period. Factors like increased focus on collection and analysis of data from different healthcare sources for improved customer service, technological advancements and rising adoption of EHRs are expected to drive the growth of the healthcare analytics market in India.

Over the past few years, the volume of data generated by healthcare organizations has increased immensely on account of the growing adoption of digital technology, Big Data and other advanced technologies. Use of descriptive analytics techniques facilitates better analysis of structured and unstructured data and generates valuable insights to make improved clinical decisions. Descriptive analytics accounted for ~75% of the total healthcare analytics market in 2019 in terms of the type of analytics used in healthcare organizations in India, followed by predictive and prescriptive analytics.
It is estimated that in India (including rural and urban India), 4,300 people die every day due to poor diagnosis and wrong treatment of diseases. Healthcare analytics is expected to bring down this patient death rate by using more advanced tools for diagnosis and planning out proper treatment procedures.

However, with rapid digitization, cybercrime poses a major challenge for the growth of the Indian healthcare industry at large. The healthcare sector is increasingly being beset with social engineering and email spoofing to target human nature and behaviour. Healthcare providers that adopt healthcare analytics tools and software should work together with cybersecurity companies, and identify techniques to secure EHRs and analytics applications, which are used remotely by various clinics to minimize cyber threats.

Using healthcare analytics to contain the COVID-19 pandemic globally
AI has emerged as a powerful tool to fight against the deadly novel coronavirus. Healthcare providers, healthcare professionals and researchers are increasingly using AI, machine learning, and natural language processing in order to track and contain coronavirus, and gain a comprehensive understanding of the ongoing pandemic, globally, as well as in India. Using predictive analytics, healthcare data scientists and researchers are analyzing patient data sets to determine hotspot areas. This would allow to recommend strategies for quarantining people to curb the contagion, and most importantly deploy and test new vaccines and drugs.
• RADLogics, a healthcare software company developing AI-powered solutions, based in Boston, has developed a data analytics platform for imaging COVID-19 infection from chest scans
• In March 2020, Qure.ai, an Indian healthcare analytics solutions providing company, launched an AI-powered virtual care platform named qScout for contact tracing and remote triaging of COVID-19 patients in India
• Apollo Hospitals Group, one of the largest chain of multi-specialty hospitals in India, has designed an AI-based Coronavirus Risk Assessment scanning app for screening and initial assessment of coronavirus patients, which is available in the form of an application, as well as on the website (https://covid.apollo247.com/)

Competition analysis
Most domestic healthcare analytics companies operating in India are aiming to reduce the disparity between the urban and rural healthcare scenario. Leading specialty-hospital chains in the country have collaborated with technology giants like Microsoft and IBM to leverage their AI and machine learning technologies to build healthcare analytics tools in order to provide advanced healthcare services to patients, and effectively manage their internal operations. Niramai Health Analytix Pvt. Ltd., SigTuple Technologies Pvt. Ltd., Tricog Health Services Pvt. Ltd. and Qure.ai are some of the major players operating in this market.

Companies covered
• Aindra Systems
• Artificial Learning System (Artelus)
• Health Arx Technologies Pvt. Ltd.
• Niramai Health Analytix Pvt. Ltd.
• Predible Health
• Qure.ai
• SigTuple Technologies Pvt. Ltd.
• Tricog Health India Pvt. Ltd.
• IBM India Pvt. Ltd.
• Microsoft Corporation India Pvt. Ltd.
• Siemens Healthcare Pvt. Ltd.

The post Healthcare Analytics Market in India 2020 first appeared on CRI Report.

Market segmentation based on application:
Based on application, the surgical robotics market is segmented into six segments, namely general surgery, gynecology, urology, orthopedic, cardiac, and others. The general surgery segment dominated the market with a ~31% share in 2018. This segment includes various abdominal surgeries, pediatric surgeries, and surgical oncology. Augmented use of high-precision robotic surgeries in complex procedures, such as surgical oncology, bariatric surgery, and pediatric surgeries has fuelled the growth of the general surgery segment. Gynecology was the second-leading application segment of the market in 2018, followed by the urology and orthopedic segments.
Orthopaedic is estimated to be the fastest-growing application segment, expanding at a CAGR of 25.82% during 2019 to 2024 period. Rising use of surgical robotics has improved the precision and consistency of joint and hip replacement surgeries. Furthermore, the cardiac segment is expected to witness promising growth, owing to increased use of robotic assistance in bypass, cardiac valve surgery, cardiac implants, atrial fibrillation surgery, and cardiac tumor surgeries.

Market influencers:
India has experienced an increased incidence of complex chronic conditions like orthopedic disorders, cardiovascular problems, neurological disorders, and cancer that need high precision surgical intervention. As of 2018, around 1.90 Mn knee and hip replacement procedures have been performed in the country. Growing demand for minimally invasive robotic orthopedic surgeries has driven the surgical robotics market owing to reduced pain and quick recovery time, along with a high success rate.
The significant growth in Indian medical tourism has played an instrumental role in driving the surgical robotics market. The influx of medical tourists in the country grew at an annual rate of around 16% in 2018. India appeared to be a significant destination for robotic surgeries among international patients owing to low cost and low waiting time as compared to countries like the U.S., the U.K., Singapore, and Thailand.
India has embraced surgical robotics at a much slower pace than other developed countries; the prohibitive cost of installation and recurring services were the primary deterrents of the market penetration. The high costs of purchase, disposable supply, and annual maintenance of surgical robots act as significant financial constraints for the adoption. Furthermore, the robot-assisted surgeries are not covered by the Indian medical insurance providers, which leads to mounting economic burden on patients. However, positive clinical outcomes, and the advancement of technologies such as 3D visualization, single-port systems, fully-wristed instruments, haptic feedback, and artificial intelligence are projected to create lucrative market opportunities.

Competitive insights
The surgical robotics market in India initially experienced a monopoly with only the presence of the Da Vinci robotic system, provided by Intuitive Surgical. Slowly other global players like CMR Surgical (Versius), Stryker (Mako), Medtronic (Renaissance), Accuray (CyberKnife), and Smith & Nephew (NAVIO PFS) have entered the surgical robotics domain. Leading healthcare companies (such as Medtronic, Zimmer, and Johnson & Johnson) have been focusing on acquiring small robotic companies (such as Mazor Robotics, Medtech, and Verb Surgical) to foray in surgical robotics. Also, the expiry of Intuitive Surgical’s patent in 2022 is expected to fuel competitiveness among the existing market players.

Companies covered
• ASIMOV Robotics Pvt. Ltd.
• Accuray Medical Equipment (India) Pvt. Ltd.
• CMR Surgical India Pvt. Ltd.
• India Medtronic Pvt. Ltd. (Mazor Robotics)
• Intuitive Surgical India Pvt. Ltd.
• Johnson & Johnson Pvt. Ltd.
• Smith & Nephew Healthcare Pvt. Ltd.
• Stryker India Pvt. Ltd.
• Titan Medical Inc.
• Zimmer India Pvt. Ltd.

The post Surgical Robotics Market in India 2019 first appeared on CRI Report.

Market segmentation based on type:
Based on type, the mobile healthcare market is segmented into mobile healthcare devices and services. Mobile healthcare services, which mainly consists of healthcare apps, is estimated to be the leading segment, accounting for ~68.00% of revenue share in 2024. Improved clinical outcome, coupled with quick access, is projected to drive the demand for healthcare apps.
The mobile healthcare devices segment comprises wearable and monitoring devices for checking various health parameters such as blood pressure, blood glucose, oxygen saturation, and respiration. The increasing demand for monitoring devices to manage chronic disease conditions has attributed to the growth of the segment. However, consumer preference is expected to shift from the healthcare devices to the healthcare services segment, owing to high costs, interoperability issues, and availability of similar functions on mobile applications. The healthcare services segment is estimated to expand at a CAGR of ~31.81% during the 2019-2024 period.

Market influencers:
The rise of digital technologies, coupled with supportive governmental policies, has augmented the growth of the mobile healthcare market in India. The number of mobile subscribers grew at a rate of ~7.1% during the 2014-2018 period, whereas the number of Internet subscribers grew at ~18.4% during the same period. The Indian government, being a key stakeholder, have formulated effective policies and projects to boost the market.
The emergence of corporate wellness programs is likely to play an essential role in driving the market growth. Users’ health data is monitored using wearable devices and healthcare apps, which allow employers to take preventive actions to reduce insurance costs. Various advantages, including patient-centric care, proactive response, improved access, and reduced cost, have bolstered the adoption of mobile healthcare to fulfil the gaps of the traditional healthcare ecosystem.
However, challenges regarding poor technology infrastructure, uncertainty in performance, and data security have been impeding market growth. New entrants are struggling to establish their footprint in the market due to lack of adequate knowledge and attention of policymakers, and an instable revenue model. Moreover, owing to India’s linguistic diversity, the absence of language localization becomes a challenge. As a result, the lack of multilingual communication is slowing down adoption among consumers in the country.

Technology insights
Mobile healthcare in India is projected to witness the implementation of disrupting technologies like Internet of Things (IoT), Internet of Medical Things (IoMT), artificial intelligence (AI), and machine learning. IoMT is anticipated to find extensive application in remote monitoring, ICU vitals monitoring, ambulance vitals monitoring, indoor navigation, and data interoperability from conventional devices.

Companies covered
• HealthifyMe Wellness Private Limited
• HealServ
• Lybrate India Private Limited
• Practo Technologies Private Limited
• Fitbit India Private Limited
• GOQii Technologies Private Limited
• OMRON Healthcare India Private Limited
• Roche Diabetes Care India Private Limited
• Samsung India Electronics Private Limited
• Xiaomi Technology India Private Limited

The post Mobile Healthcare Market in India 2019 first appeared on CRI Report.

The consumer landscape in the healthcare industry in India is expected to evolve during the 2019-2024 period. A paradigm shift is anticipated from volume-based care (fee-for-service healthcare, being independent of the service quality) to value-based care (healthcare providers are charged based on patients’ health outcomes).

Stakeholders in the Indian healthcare ecosystem are focusing on leveraging healthcare apps to make up for the inadequacies in healthcare infrastructure.

Increasing focus on patient-centric care, the emergence of advanced technologies, and changing business models have played a crucial role in driving the healthcare apps market in India. In terms of revenue, the healthcare apps market in India was valued at INR 27.01 Bn in 2018 and is estimated to reach INR 138.00 Bn by 2024, expanding at a CAGR of ~31.61% during the 2019-2024 period.

The demand for healthcare apps with differentiated services is projected to increase because it meets the varying expectations of consumers. Wellness management and appointment scheduling apps have witnessed wide popularity among consumers. The demand for chronic disease management apps is expected to witness rapid growth over the next few years.

Market Influencers

Digital transformation in the country, coupled with substantial support from the government, has fueled the growth of the healthcare apps market in India. The increase in digital reach in the country has been replicated by a swift growth in the number of mobile subscribers and Internet users in the country. The number of mobile application downloads has increased at an exponential rate from 6.5 Bn in 2016 to 12.1 Bn in 2017.

Internet service providers are offering mobile data at a low price to sustain in the competitive market, resulting in a monthly data consumption per unique connection, from 86 MB in 2014 to 8,320 MB in 2018. Thus, the increase in Internet density and the rise in the number of Internet users are driving the healthcare apps market in India.

The Indian government played a key role in the growth of healthcare apps market. The introduction of the National Health Policy in 2017 stimulated the adoption of various digital tools, including healthcare apps. Some of the major healthcare apps launched by the government include E-RaktKosh, Mera Aspataal/My Hospital, No More Tension, and Swasth Bharat.

The market has been experiencing significant challenges due to the lack of awareness, security issues, and uncertain app performance. Moreover, most consumers’ interest is limited to fitness and wellness management with a lack of knowledge regarding the diverse types of healthcare apps (disease-specific apps, medication reminder apps) available.

Furthermore, stakeholders are uncertain about the performance and efficiency of apps, owing to the unavailability of clinical performance data. The limited availability of app content in Indian languages also acts as an adoption barrier for healthcare apps.

Technology insights

Healthcare apps available in India mostly run on Android, iOS, and Windows platforms, which can be downloaded from the Google Play Store, Apple App Store, and Microsoft Store (for Windows phone). The introduction of advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), Blockchain, and virtual reality are expected to disrupt the healthcare apps market.

The health data generated from healthcare apps can be leveraged by AI and machine learning algorithms and used to identify people with potential health risks. Further, an AI-based app can detect patients’ faces through a visual recognition system and assist in disease management. Internet of Medical Things (IoMT) has the potential to develop innovative apps, which connect to beacons placed across hospitals and aid indoor navigation within hospitals.

Competitive insights

The highly competitive healthcare apps market in India is fragmented with the presence of various small and medium-sized players. The prospective market has motivated several non-healthcare companies, including IT and software development companies, technology companies, and app development agencies to begin their operations in the country.

However, the market is yet in a nascent stage, and thus, players are experimenting with different business models to accomplish monetization. Among various models, licensing, third-party app development, in-app advertising, and pay-per-download have achieved significant success.

Companies covered

• Abbott India Ltd.
• HealthifyMe Wellness Pvt. Ltd.
• Infomoko Technology Pvt. Ltd.
• Kare4u Healthcare Solutions Pvt. Ltd.
• Lybrate India Pvt. Ltd.
• MediIT Health Solutions India Pvt. Ltd
• One Eighty Aamoksh Technologies Pvt Ltd.
• Portea Medical
• Practo Technologies Pvt. Ltd.
• Zoctr Health Pvt. Ltd.

Global Digital Health Market: Market Segments: By Technology (Mobile Health, Electronic Health Record, Telemedicine & Healthcare Analytics); By Component (Software, Hardware and Services); By End User (B2B & B2C); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

The post Healthcare Apps Market in India 2019 first appeared on CRI Report.

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The post Digital Healthcare Market in India 2019 first appeared on CRI Report.

Regional insights
North America accounted for ~38% of the total revenue of the interventional cardiology devices market in 2018, followed by Asia-Pacific (~27%). The Asia-Pacific region is anticipated to expand at the highest CAGR (6.94%) during the forecast period, followed by Latin America, and the Middle East and Africa, expanding at CAGRs of 6.54% and 6.29% respectively. Most of Asia-Pacific’s growth is estimated to come from China, Japan, and India due to the increasing incidence of cardiovascular diseases and rising number of diabetic patients.

Companies profiled
Abbott Laboratories
Boston Scientific Corporation
Medtronic
Terumo Corporation
Edwards Lifesciences Corporation
Becton Dickinson
Johnson & Johnson
B. Braun Melsungen
Teleflex Incorporated
MicroPort Scientific Corporation

The post Global Interventional Cardiology Devices Market (2018-2023) first appeared on CRI Report.

The new-entrants, as well as relatively smaller yet growing companies, can track how the prominent players of the global surgical robotics market are strategizing, to expand clinical utilities of their proprietary systems. Companies can choose to trace the most adopted technologies and the emerging technologies to get a competitive edge and align the strategic plans in-line with the technology trends.

Business Benefits
1) Be cognizant of the technologies in different phases like innovation, early adoption, disillusionment, lift off to mass adoption, and sustainable growth

2) Be informed about the prospective competitors gaining an edge and progressing rapidly through technological advancement

3) Understand the preferences of healthcare professionals towards different cutting-edge technologies and advanced features

4) How different manufacturers are emphasizing on the R&D and new product development

5) Which competitors are approaching the expansion of clinical applications and product development, and where does the priority lie

6) Companies can fine-tune business efforts and further technological progression based on the evaluation

7) The report also acts as an indicator to decide on best-suited companies for investments, prospecting, and strategic alliance

How the companies were selected
The companies were chosen based on multiple parameters, such as financial strength, revenue growth, product portfolio, global presence, and recent developments, among others. The report also considers the relatively small global or regional companies which are driving the market growth with technological developments and product innovations.

The companies which have been considered to profile are,

Intuitive Surgical Inc.
Corindus Vascular Robotics Inc.
Accuray Incorporated
Zimmer Biomet Holdings Inc.
TransEnterix, Inc.
Stereotaxis, Inc.
Titan Medical Inc.
Restoration Robotics
Medtronic plc
Stryker Corporation
Renishaw plc
KUKA AG
THINK Surgical, Inc.
Synaptive Medical
Medrobotics Corporation
Auris Health, Inc.
SRI International
CMR Surgical Ltd
Applied Dexterity
Meere Company
How we evaluated and analyzed
The 20 players of the global surgical robotics market were screened on the basis of the revenue, global presence, product capability and differentiation, clinical applications, and inorganic and organic growth strategies. The product portfolio, clinical application, and technology adoption were mapped for all enlisted companies. The seven potential technologies were chosen on the basis of their commercial viability, and adoption by both the manufacturers and end-users. Quantitative and qualitative data for each technology was gathered from secondary sources like annual reports, product brochures, investors presentations, white papers, and research articles, among others. Besides taking into account the qualitative data, the technology trend analysis also considered the information regarding the number of installations of the surgical robots, and the number of surgeries performed. Thus, both qualitative and quantitative data was used to draw a conclusive and insightful analysis pertaining to the technology trends in the global surgical robotics market.

The post Technology Trends In Surgical Robotic Products first appeared on CRI Report.