Healthcare Analytics:

Potential to Transform
Estimated Market Size Indian Healthcare % of Total Market
(US$ 1 = INR 75) (2019)
627
Descriptive Analytics: Turns raw data into actionable
insights like occupancy rates, length of stay, etc. 75%
421
294 Predictive Analytics: Uses real-time data and historic
208
reports to predict future performance 20%
Prescriptive Analytics: Apart from predicting what
2019 2021 2023 2025
may happen, also provides possible treatment options 05%
Key Insights:
❖ Healthcare Analytics is a nascent but fast-growing market in India; potential to improve the state of
healthcare by leveraging Artificial Intelligence (AI) and Machine Learning (ML);
❖ Leading hospitals have started collaborating with established tech players like Microsoft and IBM to
build Healthcare Analytics tools that leverage AI/ ML;
❖ Several start-ups with proprietary AI/ ML based algorithms have started to emerge to monitor
patient health, predict disease recurrence risk, provide faster and accurate test results, etc.
Indian Healthcare – Analytics Use Cases

❖ Partnered with Microsoft’s AI Network to
develop an AI-powered API
❖ Developed using Apollo’s database, the tool
could predict the risk of cardiovascular
disease among Indian patients – improved
accuracy by 2x
❖ Provides actionable insights to doctors on
treatment plans, assist in early diagnosis and
offers predictive solutions
❖ Uses Microsoft Azure, SQL and Power BI to
standardize data across group hospitals
❖ Helped in real-time monitoring and analytics
of key operational and financial metrics
❖ Reduced man-hours spent on data reporting
by 70% and time spent on management
reviews by 50%
❖ Gained insights on expanding in a region by
analysing regional metrics and patient data

Select Funded Players in the Segment

US$ 124 Mn US$ 41 Mn US$ 16 Mn US$ 15 Mn US$ 2 Mn

Healthcare AI-based image and AI-based analysis of AI-based ECG Healthcare
analytics platform blood analysis scans and images screening analytics platform

Aurum’s perspective
➢ With a huge amount of healthcare data being generated in India, adoption and deployment of
Healthcare Analytics is expected to accelerate to improve patient care, derive insights, predict
disease outbreaks, reduce treatment costs, ensure early intervention, etc.;
➢ Leading Hospitals and Pharma players to continue collaborate with large tech players and start-ups to
build/ deploy AI-powered tools;
➢ Start-ups offering disruptive solutions to continue attract Private Equity Funding.
Source: Netscribes, Wipro, Public Sources Note – Funding as on 07th December 2020