IT Vendors focused on the Healthcare Segment

The healthcare space is ticking with promise for technology players battling spending cuts by clients.

When was the last time you actually celebrated a fever? Years ago when it helped you escape a dreaded Hindi or Maths test?
For grownups too, health and its associated areas are a cause for celebration in these recession-affected times. Going by the recent Nasscom and McKinsey study titled Perspective 2020: Transform business, transform India, by 2020, 80 per cent of the industry’s incremental growth and 50 per cent of the total opportunity will come from untapped verticals such as the public sector and healthcare.
The economic turmoil has impacted IT spending in key verticals such as banking, financial services and insurance, retail and manufacturing, where customers have delayed or postponed investments on deploying new technology applications. However, the IT budgets in healthcare industry are largely unaffected as service providers continue to invest in newer technologies to meet the rising demand for services, and improve their efficiency while keeping costs under control.
John-David Lovelock, Research Vice-President, Gartner, says in a February 2009 release that “Internal spending, hardware and system integration in the financial sector were particularly hard-hit in 2008 and will continue suffering through 2009. In contrast, healthcare grew at 8.3 per cent worldwide in 2008.”
The slowdown is a reality but in this space new research is being commissioned, recruitments being made and plans set in motion to do even better. In a chat with some key stakeholders, eWorld checks out the scene.
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