(MENAFN- Research Cosmos) Middle East and Africa Healthcare IT Market Overview:
The Middle East and Africa (MEA) healthcare market is expected to register a CAGR of around 14% during the forecast period, from 2018 to 2025. The regional market is expected to grow from USD 6.973 Million in 2018 to USD 18,043 Million by the end of 2025.
Healthcare IT is defined as application of the processing of information that
Involves both hardware and software dedicated to the storage, retrieval, sharing and use of
Information, data and knowledge in health care for communication and the capture of
Decisions. The main objective of the market for health information technology is to track
Data with the patients’ health information and keep it safe and provide the doctor, patient
Or family efficiently.
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Middle East and Africa Healthcare IT Market - Drivers and Restraints:
Technological progress plays an important role in the health sector. From testing techniques to improved surgical equipment, technological advances have changed the
health sector. Among these developments, social media is a platform that provides a cost-
effective solution for healthcare providers and patients online for a revolution in health
analysis. According to Media bistro, more than 40% of clients indicate that the information
found through social networks influences the way in which health is facing. According to
Demi & Cooper Advertising and DC Interactive Group, about 19% of smartphone users use at least one healthcare application on their phones. Diet, exercise and weight applications are the most popular types and, according to Medtech Media, more than 31% of caregivers use social networks for professional networks. Healthcare providers in developing regions like Latin America mainly uses these technologies, which is the major factor that drives the healthcare IT market.
The payers and providers are the main end users of the healthcare IT market in the Middle East and Africa. The cloud-based services are expected to dominate the regional market in the coming years due to their increased adoption across hospitals, clinics, and other relevant sectors.
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Geographical Analysis of Middle East and Africa Healthcare IT Market
The market for healthcare IT held the lowest market share in the MEA region in 2018. But the region is expected to increase in the future due to the presence of a high-quality medical system and modern medical technology. In addition, the increase in the use of personal computer equipment by the general population also contributes to the growth of the market in MEA region.
Key players in market include GE Healthcare, Philips Healthcare, Siemens Healthcare, Wipro,IBM, Oracle Corporation, SAS Institute Inc, Cerner Corporation, Allscripts Healthcare
Solutions, Inc., Dell Technologies Inc., and McKesson Corporation.
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