The size of the Middle East and Africa HIE Market was worth USD 115.14 million in 2022 and estimated to be growing at a CAGR of 8.917%, to reach USD 176.48 million by 2027.
Healthcare information exchange market is the transfer of information that is related to healthcare among professionals. The factors that are driving the healthcare information exchange market are making betterment changes interoperability, and rise in demand for high-quality services. Moreover, the rise in the initial steps by the government is elevating the need of the market.
To the demand for information technology solutions from healthcare providers, the growing need of healthcare insurance providers to efficiently manage an in-depth record of claims and reimbursements is expected to contribute to the growth of the healthcare IT market during the forecast years. This growth is bolstered by the swift adoption of electronic medical data (EMR) across disparate systems and the pressing need to reduce redundancy by sharing existing data. Lack of awareness regarding the new technology is hindering the market growth.
Also, low investments, data security and privacy concerns are some of the factors that are restraining the market growth. Restrictions in financial status in the developing countries are one of the factors that are hindering the market growth.
This research report has been segmented and sub-segmented into the following categories:
Regionally, Middle-East is anticipated to witness the highest growth in the forecast period. The MEA region is considered to have an observed growth rate during the period. The factors that propel the MEA healthcare information exchange market are advancement in technologies, exchange of healthcare information for superior excellence, growing effectiveness, patient protection and execution of human services. Countries like UAE, South Africa and GCC Countries are expected to occupy the majority of the share the MEA HIE Market.
Companies like Aetna Medcity, eClinical Works, RelayHealth, Medecision, Epic Corporation Inc., Cerner Corporation, RelayHealth Corporation, Infor Inc., Intersystems, Optum Inc., Alere Wellogic, NextGen Healthcare Information Systems, LLC, Covisint Corporation, Allscripts Healthcare Solutions Inc., and Orion Health are playing a leading role in the MEA Healthcare Information Exchange Market.
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