Middle East and Africa Master Patient Index Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, and Service); Deployment (Cloud-based, and On premises)
The master patient index software market in Middle East and Africa is expected to grow from US$ 31.2 million in 2021 to US$ 52.7 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. Continuously rising need of better healthcare services, as a basic requirement, is encouraging advancements in the healthcare sector in developing countries in Middle East and Africa. Healthcare IT solutions benefit through reduced inefficiencies, accurate diagnosis and treatment, and lowered healthcare costs, among others. The solutions also help healthcare service providers in offering customized medication, quick diagnosis of new aliments, and better access to healthcare services, thereby improving the quality of life of people.
Countries such as Saudi Arabia, the UAE, and South Africa have adopted digital or electronic health record technologies. For example, in December 2020, the Ministry of Health and Prevention’s Riayati has announced a plan to launch National Unified Medical Record System developed by Pure Health in 2021. The new system will be connected to over 3,000 private and public healthcare institutions in Dubai, enabling experts to collect patient data for further data analysis. The new technology is expected to offer the UAE government with an efficient population health management solution, along with a world-class digital health infrastructure management solution, in the coming years. Thus, the focus in having unified medical record systems in developing countries is serving significant opportunities for the master patient index software providers.
The market for master patient index software market is segmented into type, and deployment. Based on type, the master patient index software market is segmented into software, and service. In 2020, based on type, the software segment held the largest share of the market, also the same segment is estimated to grow at the highest CAGR due to increasing development in the healthcare IT by the market players, and adoption patient data management software to enhance patient care during the forecast period.
The primary source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage are significant impacts observed in the region. Though countries such as the UAE, Saudi Arabia, and Turkey are focusing on adopting advanced patient data technologies, the market in the rest of the nations is expected to witness considerable decline due to a lack of healthcare infrastructure. Additionally, tightened financial condition is also decreasing the economic activities in the region. Since the beginning of 2020, the COVID-19 pandemic has caused enormous health, social and economic impacts, which is likely to continue in 2021. Even after some of these impacts have been mitigated or contained, there will be medium- and longer-term consequences. However, the healthcare systems in the UAR, Saudi Arabia, South Africa, and other countries are adopting advanced patient data tools in their hospitals, clinics, laboratories, diagnostic centers, and other institutions. And the developing healthcare IT infrastructure in the region is expected to have a positive impact on the master patient index software during the COVID19 pandemic.
The overall Middle East and Africa master patient index software market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East and Africa master patient index software market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East and Africa Master patient index software market. McKESSON CORPORATION, Oracle Corporation, Wipro Limited, Allscripts Healthcare Solutions, Inc., MEDITECH, and Intersystems Corporation are among a few players operating in the Middle East and Africa master patient index software market.
Reason To Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East and Africa master patient index software market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East and Africa master patient index software market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East and Africa market trends and outlook coupled with the factors driving the master patient index software market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook