Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 6.77 Billion |
| USD 18.00 Billion | |
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Middle East and Africa Healthcare Information Technology (IT) Market, By Solutions and Services (Solutions, HCIT Outsourcing Services and Others), Component Type (Software and Hardware), Delivery Mode (On-Premise and Cloud-Based), End Users (Providers and Payers) – Industry Trends and Forecast to 2030.
The healthcare information technology (IT) market is fuelled by biotech and pharmaceutical companies' increased R&D spending in the sector, resulting in adoption technologies that provide cost-effective solutions. The growing need for better data standardization is driving market growth. The increased number of clinical trials, particularly in emerging Asia Pacific countries, is creating opportunities for the market growth of healthcare information technology (IT) solutions. This is expected to be boosted further by pharmaceutical companies' adoption of EDC systems.
Data Bridge Market Research analyses that the healthcare information technology (IT) market which was USD 6.77 billion in 2022, is expected to reach USD 18 billion by 2030, at a CAGR of 13.0% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Solutions and Services (Solutions, HCIT Outsourcing Services and Others), Component Type (Software and Hardware), Delivery Mode (On-Premise and Cloud-Based), End Users (Providers and Payers)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)
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Market Players Covered
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Oracle (U.S.), Parexel International Corporation (U.S.), OpenClinica, LLC (U.S.), IQVIA (U.S.), Dassault Systèmes (U.S.), Clario (U.S.), Signant Health (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), General Electric (U.S.), Allscripts Healthcare, LLC (U.S.), Koninklijke Philips N.V. (Netherlands), Cognizant (U.S.), athenahealth, Inc. (U.S.), UnitedHealth Group. (U.S.), 3M (U.S.), Advantech Co., Ltd (Taiwan), Agfa-Gevaert Group (Belgium), Avantas, LLC. (U.S.), Avhana Health, Inc. (U.S.), BLACK BOOK RESEARCH, LLC (U.S.)
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Market Opportunities
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Market Definition
Healthcare Information Technology (IT) is the study of information technology and its applications in the healthcare industry. An information-based approach is used by studying and practicing to provide efficient healthcare delivery. The data is structured in such a way that it can be efficiently retrieved and used in an evaluation or report. Clinical informatics (IT) is used in a wide range of healthcare settings, including hospitals, research institutes, physician practices, the military, and others. Today's healthcare industry heavily relies on data and technology to provide better care to patients.
Drivers
The growing number of clinical trials is propelling the global market forward. For instance, Clinical Trials, currently lists 430,269 studies with locations in all 50 states and 221 countries. Approximately 430,269 studies had been registered as of October 2022, with 55,700 studies having posted results. Over 332,694 interventions account for 77% of the 430,269 studies registered, while 95,884 observational studies account for 22% and nearly 857 are expanded access studies. These are the certain factors which helps the market to grow.
Rising R&D spending is propelling the healthcare information technology (IT) market. According to UNESCO, global R&D spending has reached approximately US$ 1.7 trillion. Ten countries account for approximately 80% of spending. As a result, the rising number of clinical trials and R&D expenditures will drive the global healthcare information technology (IT) market during the forecast period.
Opportunities
Using technology in clinical trials improves efficiency by allowing for better communication with study staff, patients, and communities, and it aids in the easy recruitment of clinical trial participants. People of all socioeconomic backgrounds are increasingly using digital clinical services due to their convenience. Market participants' efforts to develop efficient healthcare information technology (IT) platforms are helping to drive market growth. For instance, Mednet, a healthcare technology company, will release software with expanded electronic patient reported outcomes (ePRO) capabilities in December 2020. The ePRO module was created to increase patient engagement and allow for remote participation during the pandemic. In another case, in October 2020, Dassault Systèmes (OTCMKTS: DASTY) acquired Medidata Solutions, Inc. (NASDAQ: MDSO). These are the initiatives which help the market to grow.
Restraints/Challenges
Data security concerns and purchase and installation costs hamper the healthcare information technology (IT) market's growth. For instance, there is a constant risk of hacking, putting that data at risk. Furthermore, according to HealthIT Gov, the cost of purchasing and installing an electronic health record (EHR) system ranges between $15,000 and $70,000 per provider. As a result, the security risk and cost slow the growth of the healthcare information technology (IT) market during the forecast period.
This healthcare information technology (IT) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the healthcare information technology (IT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 positively impacted the healthcare information technology (IT) market because there was no diagnostic modality or treatment for COVID-19, resulting in increased research and development because the virus was circulating at a rapid pace, resulting in an increase in clinical trials registered. For instance, on the World Health Organization's International Clinical Trials Registry Platform, there are approximately 6,512 ongoing and completed COVID-19 studies (WHO ICTRP). Furthermore, COVID-19 has encouraged the world to improve healthcare IT advancements in order to achieve better results. As a result, the healthcare information technology (IT) systems market is expected to grow.
Recent Developments
The healthcare information technology (IT) market is segmented on the basis of solutions and services, component type, delivery mode and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
Application
The healthcare information technology (IT) market is analyzed and market size insights and trends are provided by country, solutions and services, component type, delivery mode and end users as referenced above.
The countries covered in the healthcare information technology (IT) market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
South Africa is expected to grow due to the rise in technological advancement in healthcare IT.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The healthcare information technology (IT) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare information technology (IT) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare information technology (IT) market. The data is available for historic period 2011-2021.
The healthcare information technology (IT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to healthcare information technology (IT) market.
Some of the major players operating in the healthcare information technology (IT) market are:
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET SIZE
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 TRIPOD DATA VALIDATION MODEL
2.2.4 MARKET GUIDE
2.2.5 MULTIVARIATE MODELLING
2.2.6 TOP TO BOTTOM ANALYSIS
2.2.7 CHALLENGE MATRIX
2.2.8 APPLICATION COVERAGE GRID
2.2.9 STANDARDS OF MEASUREMENT
2.2.10 VENDOR SHARE ANALYSIS
2.2.11 EPIDEMIOLOGY
2.2.12 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.13 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 VALUE CHAIN ANALYSIS
5.2 REGULATORY STANDARDS
5.3 TECHNOLOGICAL TRENDS
5.4 CASE STUDY
5.5 PORTER’S FIVE FORCES ANALYSIS
5.6 CASE STUDY ANALYSIS
5.7 COMPANY COMPERATIVE ANALYSIS
6 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, BY PRODUCT TYPE
6.1 OVERVIEW
6.2 HEALTHCARE PROVIDER SOLUTIONS
6.2.1 CLINICAL SOLUTIONS
6.2.1.1. ELECTRONIC HEALTH/MEDICAL RECORDS
6.2.1.1.1. INPATIENT
6.2.1.1.2. AMBULATORY
6.2.1.2. VENDOR NEUTRAL ARCHIVE (VNA)
6.2.1.3. COMPUTERIZED PHYSICIAN ORDER ENTRY
6.2.1.4. CLINICAL DECISION SUPPORT SYSTEMS
6.2.1.5. RADIOLOGY INFORMATION SYSTEMS
6.2.1.6. RADIATION DOSE MANAGEMENT SOLUTION
6.2.1.7. SPECIALTY MANAGEMENT INFORMATION SYSTEMS
6.2.1.8. MEDICAL IMAGE PROCESSING & ANALYSIS SOLUTION
6.2.1.9. HEALTHCARE IT INTEGRATION SYSTEMS
6.2.1.10. PRACTICE MANAGEMENT SYSTEMS
6.2.1.11. LABORATORY INFORMATION SYSTEMS
6.2.1.12. DIGITAL PATHOLOGY SOLUTIONS
6.2.1.13. MOBILE HEALTH (MHEALTH) SOLUTIONS
6.2.1.14. TELEHEALTH SOLUTIONS
6.2.2 NON-CLINICAL SOLUTIONS
6.2.2.1. PHARMACY INFORMATION SYSTEMS
6.2.2.2. MEDICATION MANAGEMENT SYSTEMS
6.2.2.2.1. ELECTRONIC MEDICATION ADMINISTRATION RECORDS
6.2.2.2.2. BARCODE MEDICATION ADMINISTRATION
6.2.2.2.3. MEDICATION INVENTORY MANAGEMENT SYSTEMS
6.2.2.2.4. MEDICATION ASSURANCE SYSTEMS
6.2.2.3. HEALTHCARE ASSET MANAGEMENT
6.2.2.3.1. EQUIPMENT MANAGEMENT SYSTEMS
6.2.2.3.2. PATIENT TRACKING AND MANAGEMENT
6.2.2.3.3. TEMPERATURE AND HUMIDITY MONITORING
6.2.2.4. WORKFORCE MANAGEMENT SYSTEMS
6.2.2.5. REVENUE CYCLE MANAGEMENT
6.2.2.5.1. ADMISSION DISCHARGE TRANSFER/REGISTRATION
6.2.2.5.2. COMPUTER ASSISTED CODING SYSTEMS
6.2.2.5.3. PATIENT SCHEDULING
6.2.2.5.4. PATIENT BILLING AND CLAIMS MANAGEMENT SOLUTIONS
6.2.2.5.5. ELECTRONIC DATA INTERCHANGE
6.2.2.6. FINANCIAL MANAGEMENT SYSTEMS
6.2.2.7. MEDICAL DOCUMENT MANAGEMENT SYSTEMS
6.2.2.8. HEALTHCARE INFORMATION EXCHANGES
6.2.2.9. POPULATION HEALTH MANAGEMENT
6.2.2.10. SUPPLY CHAIN MANAGEMENT
6.2.2.10.1. PROCUREMENT MANAGEMENT
6.2.2.10.2. INVENTORY MANAGEMENT
6.2.2.11. HEALTHCARE ANALYTICS
6.2.2.11.1. CLINICAL ANALYTICS
6.2.2.11.2. FINANCIAL ANALYTICS
6.2.2.11.3. OPERATIONAL AND ADMINISTRATIVE ANALYTICS
6.2.2.12. CUSTOMER RELATIONSHIP MANAGEMENT
6.3 HEALTHCARE PAYER SOLUTIONS
6.3.1 PHARMACY ANALYSIS AND AUDIT
6.3.2 CLAIMS MANAGEMENT
6.3.3 FRAUD MANAGEMENT
6.3.4 COMPUTER-ASSISTED CODING SYSTEMS
6.3.5 PAYMENT MANAGEMENT
6.3.5.1. PATIENT BILLING MANAGEMENT
6.3.5.2. PROVIDER BILLING MANAGEMENT
6.3.6 PROVIDER NETWORK MANAGEMENT
6.3.7 MEMBER ELIGIBILITY MANAGEMENT
6.3.8 CUSTOMER RELATIONSHIP MANAGEMENT
6.3.9 MEDICAL DOCUMENT MANAGEMENT
6.3.10 OTHER
6.4 HCIT OUTSOURCING SERVICES
6.4.1 PROVIDER HCIT OUTSOURCING SERVICES
6.4.1.1. MEDICAL DOCUMENT MANAGEMENT SERVICES
6.4.1.2. PHARMACY INFORMATION MANAGEMENT SERVICES
6.4.1.3. LABORATORY INFORMATION MANAGEMENT SERVICES
6.4.1.4. REVENUE CYCLE MANAGEMENT SERVICES
6.4.1.5. OTHERS
6.4.2 PAYER HCIT OUTSOURCING SERVICES
6.4.2.1. CLAIM MANAGEMENT
6.4.2.2. CUSTOMER RELATIONSHIP MANAGEMENT SERVICES
6.4.2.3. BILLING SYSTEM
6.4.2.4. FRAUD DETECTION
6.4.2.5. OTHERS
6.4.3 OPERATIONAL HCIT OUTSOURCING SERVICES
6.4.3.1. SUPPLY CHAIN MANAGEMENT SERVICES
6.4.3.2. BUSINESS PROCESS MANAGEMENT SERVICES
6.4.3.3. OTHERS
6.4.4 IT INFRASTRUCTURE MANAGEMENT SERVICES
7 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, BY COMPONENT
7.1 OVERVIEW
7.2 HARDWARE
7.3 SOFTWARE
7.4 SERVICES
8 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, BY DELIVERY MODE
8.1 OVERVIEW
8.2 WEB & CLOUD-BASED
8.2.1 HOSPITAL AFFILIATED
8.2.2 FREE STANDING
8.3 ON-PREMISES BASED
8.3.1 HOSPITAL AFFILIATED
8.3.2 FREE STANDING
9 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, BY END USER
9.1 OVERVIEW
9.2 HEALTHCARE PROVIDERS
9.2.1 HOSPITALS
9.2.2 AMBULATORY CARE CENTERS
9.2.3 HOME HEALTHCARE AGENCIES & ASSISTED LIVING FACILITIES
9.2.4 PHARMACIES
9.2.5 INDEPENDENT PHYSICIAN
9.2.6 SURGICAL CENTERS
9.2.7 OTHERS
9.3 HEALTHCARE PAYERS
9.3.1 PRIVATE PAYERS
9.3.2 PUBLIC PAYERS
9.3.3 OTHERS
10 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, SWOT AND DBMR ANALYSIS
11 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, BY COUNTRY
MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
11.1 SOUTH AFRICA
11.2 SAUDI ARABIA
11.3 EGYPT
11.4 UAE
11.5 ISRAEL
11.6 BAHRAIN
11.7 OMAN
11.8 QATAR
11.9 KUWAIT
11.1 REST OF MIDDLE EAST & AFRICA
12 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, COMPANY LANDSCAPE
12.1 COMPANY SHARE ANALYSIS: MIDDLE EAST
12.2 MERGERS & ACQUISITIONS
12.3 NEW PRODUCT DEVELOPMENT & APPROVALS
12.4 EXPANSIONS
12.5 REGULATORY CHANGES
12.6 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
13 MIDDLE EAST & AFRICA HEALTHCARE INFORMATION TECHNOLOGY (IT) MARKET, COMPANY PROFILE
13.1 INTERNATIONAL BUSINESS MACHINE CORPORATION (IBM)
13.1.1 COMPANY OVERVIEW
13.1.2 REVENUE ANALYSIS
13.1.3 GEOGRAPHIC PRESENCE
13.1.4 PRODUCT PORTFOLIO
13.1.5 RECENT DEVELOPMENTS
13.2 ALTERA DIGITAL HEALTH INC.
13.2.1 COMPANY OVERVIEW
13.2.2 REVENUE ANALYSIS
13.2.3 GEOGRAPHIC PRESENCE
13.2.4 PRODUCT PORTFOLIO
13.2.5 RECENT DEVELOPMENTS
13.3 EPIC SYSTEMS CORPORATION
13.3.1 COMPANY OVERVIEW
13.3.2 REVENUE ANALYSIS
13.3.3 GEOGRAPHIC PRESENCE
13.3.4 PRODUCT PORTFOLIO
13.3.5 RECENT DEVELOPMENTS
13.4 DELL TECHNOLOGIES INC.
13.4.1 COMPANY OVERVIEW
13.4.2 REVENUE ANALYSIS
13.4.3 GEOGRAPHIC PRESENCE
13.4.4 PRODUCT PORTFOLIO
13.4.5 RECENT DEVELOPMENTS
13.5 GE HEALTHCARE
13.5.1 COMPANY OVERVIEW
13.5.2 REVENUE ANALYSIS
13.5.3 GEOGRAPHIC PRESENCE
13.5.4 PRODUCT PORTFOLIO
13.5.5 RECENT DEVELOPMENTS
13.6 ORACLE CERNER CORPORATION
13.6.1 COMPANY OVERVIEW
13.6.2 REVENUE ANALYSIS
13.6.3 GEOGRAPHIC PRESENCE
13.6.4 PRODUCT PORTFOLIO
13.6.5 RECENT DEVELOPMENTS
13.7 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION
13.7.1 COMPANY OVERVIEW
13.7.2 REVENUE ANALYSIS
13.7.3 GEOGRAPHIC PRESENCE
13.7.4 PRODUCT PORTFOLIO
13.7.5 RECENT DEVELOPMENTS
13.8 3M
13.8.1 COMPANY OVERVIEW
13.8.2 REVENUE ANALYSIS
13.8.3 GEOGRAPHIC PRESENCE
13.8.4 PRODUCT PORTFOLIO
13.8.5 RECENT DEVELOPMENTS
13.9 KONINKLIJKE PHILIPS N.V.
13.9.1 COMPANY OVERVIEW
13.9.2 REVENUE ANALYSIS
13.9.3 GEOGRAPHIC PRESENCE
13.9.4 PRODUCT PORTFOLIO
13.9.5 RECENT DEVELOPMENTS
13.1 INFOR, INC.
13.10.1 COMPANY OVERVIEW
13.10.2 REVENUE ANALYSIS
13.10.3 GEOGRAPHIC PRESENCE
13.10.4 PRODUCT PORTFOLIO
13.10.5 RECENT DEVELOPMENTS
13.11 KOFAX INC.
13.11.1 COMPANY OVERVIEW
13.11.2 REVENUE ANALYSIS
13.11.3 GEOGRAPHIC PRESENCE
13.11.4 PRODUCT PORTFOLIO
13.11.5 RECENT DEVELOPMENTS
13.12 AVENGERSOFT
13.12.1 COMPANY OVERVIEW
13.12.2 REVENUE ANALYSIS
13.12.3 GEOGRAPHIC PRESENCE
13.12.4 PRODUCT PORTFOLIO
13.12.5 RECENT DEVELOPMENTS
13.13 AKHILSYSTEMS.COM
13.13.1 COMPANY OVERVIEW
13.13.2 REVENUE ANALYSIS
13.13.3 GEOGRAPHIC PRESENCE
13.13.4 PRODUCT PORTFOLIO
13.13.5 RECENT DEVELOPMENTS
13.14 SOFTLINK INTERNATIONAL
13.14.1 COMPANY OVERVIEW
13.14.2 REVENUE ANALYSIS
13.14.3 GEOGRAPHIC PRESENCE
13.14.4 PRODUCT PORTFOLIO
13.14.5 RECENT DEVELOPMENTS
13.15 SUPERIOR BUSINESS SOLUTIONS
13.15.1 COMPANY OVERVIEW
13.15.2 REVENUE ANALYSIS
13.15.3 GEOGRAPHIC PRESENCE
13.15.4 PRODUCT PORTFOLIO
13.15.5 RECENT DEVELOPMENTS
13.16 MILLENSYS
13.16.1 COMPANY OVERVIEW
13.16.2 REVENUE ANALYSIS
13.16.3 GEOGRAPHIC PRESENCE
13.16.4 PRODUCT PORTFOLIO
13.16.5 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
14 RELATED REPORTS
15 CONCLUSION
16 QUESTIONNAIRE
17 ABOUT DATA BRIDGE MARKET RESEARCH
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