AI in Indian Healthcare: Remote Monitoring, ICU Next Growth
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A new report by Bain & HealthQuad highlights remote patient monitoring, ICU optimization, and chronic disease management as key growth areas for AI in Indian healthcare.
Key Points
- AI's next major growth areas in Indian healthcare are remote monitoring, ICU optimization, and chronic disease management.
- Indian healthcare providers are shifting AI from experimental testing to real-world applications.
- Government initiatives, rising EMR penetration, and a thriving startup ecosystem are driving AI adoption in India.
- AI can serve as both an efficiency lever and a capacity multiplier in the healthcare sector.
- Significant opportunities exist for startups in areas like ICU optimization and chronic disease management.
The joint report by Bain & Company and HealthQuad, titled 'AI in Indian Healthcare Delivery', reveals that Indian healthcare providers are shifting AI from experimental testing to real-world applications.
Healthcare providers are deploying AI to reduce administrative burdens on clinicians, the study identified connected clinical care as the significant forward-looking opportunity, currently limited by a 35 per cent electronic medical record (EMR) adoption rate.
"The next phase of adoption will be shaped by providers' ability to bring value, deployability and trust together -- not simply by access to more advanced AI models," Dhruv Sukhrani, Head of Bain & Company's Healthcare & Life Sciences practice in India, said.
India's healthcare infrastructure is well-positioned for faster AI scale than earlier digital waves, driven by government initiatives, rising EMR penetration, and a thriving startup ecosystem, the report said.
Moreover, the amount of expert-level work AI can complete autonomously has been doubling every 6-9 months since 2023, while the cost of frontier models has fallen approximately 92 per cent since 2023, the report noted.
The report highlighted that as hospitals build necessary data foundations, the gap between early movers and the rest of the industry will widen quickly.
Besides, significant "whitespaces" remain in areas like ICU optimisation and chronic disease management, where AI can provide substantial headroom for growth.
For startups, providers without strong in-house technology capabilities represent a major opportunity for integrated platforms.
Namit Chugh, Director, HealthQuad, said, "AI can potentially change that equation by being not just an efficiency lever, but a capacity multiplier."
Bain & Company is a global consultancy that works with leaders to solve tough challenges and deliver enduring results across various industries.
HealthQuad is a leading healthcare investment platform with over USD 500 million in assets under management, focusing on new-age healthcare models and technology.
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