Capitalization of digital healthcare: The cornerstone of emerging medical practices

Abstract

Background

The digital healthcare sector in India is rapidly transforming, driven by strategic government initiatives and technological advancements. In 2020, the market was valued at approximately $1.5 billion and is projected to grow at a compound annual growth rate of ∼25% over the next five years.

Methodology

The study employed a descriptive and analytical approach, reviewing existing literature and data on the applications and implications of AI, mHealth, and GIS technologies in healthcare.

Result

The article highlighted the rapid growth of India's digital health market, driven by the adoption of telemedicine, mobile health, and electronic health records, alongside increased investments and internet penetration. Additionally, it also raised concerns about bias, transparency, and accountability in these technologies, urging the development of robust digital infrastructure, including Digital Health IDs, Health Facility Registries, and Healthcare Professionals Registries, as well as policy changes like the effective implementation of Personal Data Protection Bill and updates to the Information Technology Act.

Conclusion

India's healthcare market is at a critical juncture, where effective management of the ongoing digital transformation can vastly improve access and outcomes for millions. By tackling current challenges and embracing technological advancements, India could set a global standard in digital healthcare, ensuring equitable, high-quality care for all citizens, regardless of location or socio-economic status. The vision of a fully integrated digital healthcare system is not just possible but an impending reality that, with the right strategies and collaborations, could be realized within the next decade.