Market Size of India EMR (Electronic Medical Records) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.73 Billion |
| Market Size (2029) | USD 1.05 Billion |
| CAGR (2024 - 2029) | 7.56 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India EMR (Electronic Medical Records) Market Analysis
The India EMR Market size is estimated at USD 0.73 billion in 2024, and is expected to reach USD 1.05 billion by 2029, growing at a CAGR of 12% during the forecast period (2024-2029).
The major factors driving the market are the increasing digitalization of healthcare in the country, rising government initiatives to increase adoption of EMR coupled with increasing establishments of hospitals in the country, and rising strategic activities such as investments by key market players. The increasing digitalization of healthcare in India is expected to raise the adoption of electronic medical records for storing the medical data produced by the utilization of digital solutions and for improving patient treatment outcomes, which will drive the market during the forecast period. For instance, in February 2022, the Indian government proposed two new projects, the Ayushman Bharat Digital Health Mission (ABDM) and the National Tele-mental Health Program (THP), to promote digital health for its people. The ABDM, an open platform, connects the country’s digital health ecosystem, including digital registries of health providers and facilities, unique health identities, a consent framework, and universal access to health facilities.
Similarly, in October 2022, Jitender Singh, the Minister of State for Science and Technology, reported that government initiatives such as Make in India and National Digital Health Mission are increasing at a great speed, and 80% of the healthcare systems are aiming to increase their investment in digital healthcare tools in the next five years. Hence, such government initiatives are expected to increase the adoption of electronic health records for accurate and faster diagnosis, translating into better treatment at lower costs of care, which will drive the market during the forecast period. Also, the increasing strategic activities of the key players will increase the accessibility of electronic health records in the country, driving the market during the forecast period. For instance, in July 2022, Eka Care, an Indian medical startup that provides general electronic medical record solutions, received an investment of USD 15 million. Using this investment, it intends to employ more programmers and physicians for its platform, which has over 30 million registered users and 5,000 doctors. Hence, such strategic activities by key players increase the accessibility of electronic health records, which will drive the market during the forecast period. Thus, the increasing government initiatives to accelerate healthcare digitalization and rising strategic activities by key players are expected to increase the accessibility and affordability of electronic medical records in the country and drive the market during the forecast period. However, the lack of awareness about the advantages of EMR in the country is expected to restrain the market during the forecast period.
