Since the inception of the medical industry, several remedies are being discovered to stimulate mankind in order to grow healthy. Decade after decade the advancement of the process of healing needs drives the pace of progress in different sectors of the medical industry.
Why the advancement of the medical industry is a concern? It is not just about the treatment but also about the management on precise time. In order to manage and tackle down the issues much technical advancement can be seen; in 2019 the Indian Government estimated that hospital industry is expected to grow CAGR of 16-17 percent in order to reach Rs 8.6 trillion by FY22 from Rs 4 trillion in 2022.
HOW ARTIFICIAL INTELLIGENCE (AI) STIMULATING THE HEALTH CARE INDUSTRY IN INDIA
Treatment, Employment and Revenue
The medical industry in 2019 is one of the largest private sectors in terms of employment and revenue in India. This is where the Indian Government played its role and approved National Health Mission budget of US$4.40 billion.
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Digital Transformation: Affordable Overall Treatment in India
Unlike, the hospitals in the West, the government of India with innovative technologies and digital transformation made it really happened. This is a phenomenal digital transformation that is happening not only in the metro cities but also in a small town and the target is to be in touch of every single home.
Unquestionably, India is leading the world as a whiz in terms of technology and techies. With the aim of connecting people through the technology is may not be a wise idea for some people but this is how innovation takes place, Technology policy has placed India at a defining crossroads.
There is not an iota that India is not only there is the market but also leading the market when it comes to digital consumers, there are half a billion internet subscriber which itself a huge market. And, a telecom company JIO provide the cheapest internet data plan in the world.
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Consequence of Revolution
Digitization of healthcare and medical industry is executed with the aim of benefiting in the 360-degree spectrum.
- Better coordination with people
- Better data storage capabilities
- Protecting people from making mistakes
- Ease of information using the Internet
- Artificial intelligence & clinical decision support
- Secure platform for conversation in between patients and other clinicians
- More reliable prescribing and also improve productivity.
A Last Thought
Ultimately, this could be said that we’re analogically testing the limits so that we can offer the cheapest possible benefits of technology to mankind. The software companies, application development, and the technology firms are already in the race, and we can expect some good news very soon.
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