The size of the healthcare IT market in the Middle East and Africa is poised to grow at a CAGR of 16.2% from 2022 to 2027.
The market growth is expected to be driven by the Well-established healthcare infrastructure and the presence of a large number of market players. Also, due to the increased use of clinical decision support and real-world evidence, the Middle East and Africa have led the way. For this reason, Healthcare IT is popular in the UAE, where cloud-based solutions are gaining traction. Furthermore, the technological advancements in the healthcare sector are expected to uplift Healthcare IT in Middle East Africa. In addition, the market is growing due to the rising demand and adoption of preventative care and increased financing for various mobile healthcare companies.
In addition, the market growth is aided by expanding network coverage and improving network infrastructure in developing countries such as South Africa, UAE, and Saudi Arabia. Furthermore, increasing investments and funding by the government and private organizations to develop IT infrastructure in the region is expected to drive market growth. Healthcare IT includes IoT, AI, and big data.
Additionally, market growth is expected to be boosted by rising consumer demand for effective and efficient treatment and increased awareness of new and upgraded technologies throughout the forecast period. According to recent research by the American Medical Association (AMA) and statistics cited in an article published in Healthcare IT News in 2020, the usage of Healthcare IT services has increased in recent years. For example, according to the research, remote monitoring for better care has been rapidly increased. In addition, increasing smartphone prevalence and internet connection are projected to contribute to adopting and expanding IT in the healthcare industry.
Other factors such as the growing geriatric population, rising hospital equipment costs, particularly for enhanced treatment and care, and increased demand for home healthcare services are expected to boost IT use in the healthcare sector.
However, a lack of awareness about Information Technology among people is expected to hinder the market growth. Also, the IT Infrastructural constraints in the developing countries are likely to hamper the growth of the Healthcare IT market in MEA.
This research report on the MEA Healthcare IT market has been segmented & sub-segmented the MEA Healthcare IT Market into the following categories:
Geographically, the MEA healthcare IT market is anticipated to account for a moderate share in the global market during the forecast period. The market growth in the region is attributed to the growing adoption and implementation of IT solutions by healthcare providers and technological advancements in the healthcare sector. In addition, the increasing number of hospitals, the presence of major manufacturing hubs, and technological advancements in healthcare sectors are projected to fuel the market growth. As a result, the countries such as South Africa, UAE, and Saudi Arabia significantly contribute to the MEA regional market growth.
Over the forecast period, the South African healthcare IT market is expected to dominate the MEA Healthcare IT market. The market growth is fuelled by the increasing penetration of smartphones and internet connectivity. In addition, major hospitals and research centers in the region are expected to provide lucrative growth opportunities for the market players.
On the other hand, the United Arab Emirates and Saudi Arabia are estimated to record a considerable share in the Healthcare IT market. Increasing healthcare expenditure, rising demand for telehealth, rapid increase in the aging population, and subsequent rise in chronic diseases are propelling the market growth.
KEY MARKET PLAYERS:
Some of the major companies operating in the MEA healthcare IT market profiled in this report are Cerner Corporation, Oracle Corporation, Mckesson Corporation, Philips Healthcare, Novarad Corporation, GE Healthcare, Carestream Health, eClinicalworks, EPIC Systems Corporation, Siemens Healthcare (Siemens AG), Athenahealth Inc. and Allscripts Healthcare Solutions, Inc.
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