MEA Healthcare Cloud Computing Market

MEA Healthcare Cloud Computing Market Size (2023 to 2028)

The Middle East & Africa healthcare cloud computing market size is estimated to grow at a steady CAGR during the forecast period.

Companies are rapidly moving towards digitalization by adopting emerging technologies to automate and accelerate their business processes efficiently. Cloud computing for healthcare has become an essential part of healthcare systems due to its benefits, such as lower costs and improved business agility. This is a major driving factor for the market to grow eventually.

Healthcare providers generate and collect many data from a wide range of internal sources, such as electronic medical records (EHRs), X-ray images, pharmacy sales, prescription information, laboratory tests, and insurance claim data. Efficient management of large volumes of data requires significant computing power and IT bandwidth. In on-premise data storage, healthcare providers need to invest more in IT infrastructure with increased data load. Increasing investments in healthcare is also a factor leveling up the demand of the MEA healthcare cloud computing market.

Therefore, local storage is not considered a viable option for storing large volumes of health data. On the other hand, cloud computing enables all big data operations by providing a large storage and processing capacity. Additionally, cloud-based analytical tools help providers better manage patients by turning health data into actionable insight.

Despite the tremendous progress and growth that cloud computing has made in recent years, Middle East Africa remains among the weakest in cloud acceptance and technological maturity.

For the most part, hospitals and clinics are reluctant to upgrade their skills and embrace change, making cloud computing difficult. Many small and medium-sized hospitals and clinics are reluctant to embrace the maturation process. They are willing to stick with traditional infrastructure or software services to avoid the upfront costs. Cyber-attacks and data privacy of patient information are among the major concerns hampering the growth of the market. The lack of standardization among cloud service providers limits the exchange of data between different cloud tools, leading to portability issues.

Impact of COVID-19 on the MEA healthcare cloud computing market:

Due to the blockade imposed by governments in various countries during the COVID-19 outbreak, MEA organizations have had to embrace social distancing. These sudden changes have forced the organization to rethink its working models, and digitization has become a priority for organizations to keep their business going. The situation has resulted in increased demand for cloud-based health technologies to help patients with chronic illnesses and increase the number of COVID 19 patients.

The government, doctors, and other healthcare professionals are increasingly interested in cloud-based applications and services during the pandemic. This shall provide high demand for the healthcare cloud computing market in the MEA region during the forecast period.

This research report on the MEA healthcare cloud computing market has been segmented & sub-segmented into the following categories.

By Product:

• Healthcare Provider Solutions
  • Clinical Information Systems (CIS)
    • EHR/EMR
    • PACS and VNA
    • RIS
    • LIS
    • PIS
    • PHM Solutions
    • Telehealth Solutions
    • Other CIS
  • Non-clinical Information Systems (NCIS)
    • RCM Solutions
    • Financial Management Solutions
    • HIE Solutions
    • Supply Chain Management Solutions
    • Billing & Accounts Management Solutions
    • Other NCIS
• Healthcare Payer Solutions
  • Claims Management Solutions
  • Payment Management Solutions
  • Customer Relationship Management Solutions
  • Provider Network Management Solutions
  • Fraud Management Solutions

By Deployment Model:

• Private Cloud
• Hybrid Cloud
• Public Cloud

By Component:

• Services
• Software

By Pricing Model:

• Pay-as-you-go
• Spot Pricing

By Service Model:

• Software-as-a-Service (SaaS)
• Infrastructure-as-a-Service (IaaS)
• Platform-as-a-Service (PaaS) Payers

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Geographically, the United Arab Emirates and Saudi Arabia are among the top countries expected to show rapid growth during the forecast period, owing to the growing trend of adoption in various healthcare sectors. Moreover, Qatar's growth in the healthcare cloud infrastructure market due to government initiatives has helped the country increase its adoption and improve investments.

Cloud computing has gradually gained momentum in the Middle East region. It is emerging as the biggest disruptive trend in IT, mainly attributed to the acceleration of investments in IT and digitization and demand growing for the Gulf countries.

In 2019, IT spending in the Middle East totaled $ 212 billion, up 8.5% year-over-year from 2018 due to improved cloud and big data systems, which have contributed to the growth of cloud computing in the healthcare industry in the above-mentioned period.

The African regions of Ethiopia, Sudan, Nigeria, and South Africa have a lower share of cloud computing in health due to poor health infrastructure, lack of government initiative for modernization, and lack of funds to support maintenance systems.

KEY MARKET PLAYERS:

Companies such as IBM, CareCloud Corporation, Agfa-Gevaert N.V., Merge Healthcare Inc., Carestream Corporation, Cerner Corporation, Microsoft Corporation, Oracle Corporation, ClearData Networks Inc., Sectra AB, Nuance Communications, GE Healthcare, athenahealth Inc., NextGen Healthcare, Siemens Healthineers, and Dell Inc. are a few of the notable companies in the MEA healthcare cloud computing market.