Middle East and Africa Healthcare Interoperability Solutions Market Size & Growth Rate:
According to the Research Report, The Middle East and Africa (MEA) healthcare interoperability solutions market is forecasted to reach USD 2 billion by 2024 from USD 1 billion in 2019, at a CAGR of 13%.
Middle East and Africa Healthcare Interoperability Solutions Market Drivers & Restraints:
The growth of this regional market is largely driven by the growing need to curb increasing healthcare costs, government forces for enhancing patient care and safety. Also, the increasing focus on patient-centric care delivery and government funding for healthcare interoperability are supporting market growth. Healthcare systems are trying to leverage their investment in electronic health record (EHR) systems by combining them with other critical technology. Through this demand comes the need for healthcare interoperability solutions. These are done in order to overcome the complexity of healthcare domain, these solutions allow data distribution and re-uses among disparate healthcare forms and devices, involves the loss of healthcare expenses and the enhancement in the quality of care.
The growing improvements in healthcare infrastructure are anticipated to offer significant growth possibilities for players in this market. However, rising complexity with lack of consistent data, lack of trained healthcare IT professionals, and data privacy matters are some of the major market challenges in the MEA.
Development in software and innovation in technology have produced an educated workforce, which ultimately witnessed in rising per capita income and this particular factor has positively affected on the growth of the market since the preceding few years.
Healthcare interoperability solutions has achieved immense popularity in the recent years. Rising healthcare costs and the increasing need to provide effective healthcare services have led to the increasing demand for these solutions. Moreover, with interoperability between various healthcare systems, medical professionals can quickly and securely share medical knowledge for expert consulting and referrals. Thereby, interoperability ensures the continuation of care irrespective of geographical area or healthcare service provider. Moreover, interoperability enables governments and healthcare organizations to expand population health management, which can go towards prevention and early detection of diseases.
These solutions enable many healthcare systems to communicate with each other and gives a holistic view of the entire information created within a healthcare facility. With the advent of technological improvements in the healthcare solutions sector, large volumes of data are being made through the usage of various medical systems and devices at healthcare facilities. In order to decrease healthcare costs along with increasing actionable insights, it has become imperative for healthcare organizations to combine and integrate various healthcare deployed within the organization. Healthcare interoperability solution platforms have allowed healthcare providers to seamlessly collate and analyze the data generated at different data points. Healthcare facilities can further make use of this integration to improve clinical workflow and reduce redundancies.
Middle East and Africa Healthcare Interoperability Solutions Market Regional Analysis:
Geographically, the MEA Healthcare Interoperability Solutions Market is segmented into Saudi Arabia, South Africa, UAE, Egypt, Nigeria, Rest of MEA. These solutions offer services to bill and manage care administration applications, scheduling and registration tools, inpatient and outpatient core clinical systems, EHR applications, and radiology, laboratory, software for managing hospital pharmacy, emergency, surgery, and intensive care departments. All these benefits are expected to bolster the demand for this market in the Middle East and African nations in the coming years.
Some of the promising companies leading the Middle East and Africa Healthcare Interoperability Solutions Market are:
- Honeywell Life Care Solutions
- Medtronic Inc.
- LifeWatch AG
- AMD Telemedicine, Inc.
- Aerotel Medical Systems Ltd.
- Bio Telemetry Inc.
- Cisco Systems, Inc.
- Cerner Corporation
This research report includes following segmentation for the Middle East and Africa Healthcare Interoperability Solutions Market Detailed Segmentation Forecast to 2024
Healthcare Interoperability Solutions Market -By Component
- Services
- Hardware
- Software
Healthcare Interoperability Solutions Market -By Mode of Delivery
Healthcare Interoperability Solutions Market -By Country
- Saudi Arabia
- South Africa
- UAE
- Egypt
- Nigeria
- Rest of MEA