South Africa Healthcare Information System Market Size & Outlook
South Africa healthcare information system market, 2018-2030 (US$M)
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South Africa healthcare information system market highlights
- The South Africa healthcare information system market generated a revenue of USD 4,554.4 million in 2023 and is expected to reach USD 11,249.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, revenue cycle management was the largest revenue generating application in 2023.
- Hospital Information System is the most lucrative application segment registering the fastest growth during the forecast period.
Healthcare information system market data book summary
| Market revenue in 2023 | USD 4,554.4 million |
| Market revenue in 2030 | USD 11,249.3 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Revenue cycle management |
| Fastest growing segment | Hospital Information System |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Informatics, Revenue Cycle Management, Hospital Information System, Pharmacy Automation Systems, Medical Imaging Information System |
| Key market players worldwide | Agfa-Gevaert NV, Koninklijke Philips NV, Hewlett Packard Enterprise Co, McKesson Corp, Allscripts Healthcare, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Epic Systems Corporation, Carestream Health - HCIS business, Siemens Healthineers AG ADR, NextGen Healthcare, NXGN, Athenahealth, Medidata, Sword Health, eClinicalWorks, Novarad, e-MDs, Ada Health, Siilo, Greenway Health, Infor |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.0% of the global healthcare information system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa healthcare information system market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,035.6 million by 2030.
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Healthcare Information System Market Scope
Healthcare Information System Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa healthcare information system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare information system market will help companies and investors design strategic landscapes.
Revenue cycle management was the largest segment with a revenue share of 72.99% in 2023. Horizon Databook has segmented the South Africa healthcare information system market based on laboratory informatics, revenue cycle management, hospital information system, pharmacy automation systems, medical imaging information system covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare IT market of South Africa is growing at a slower pace, majorly due to lack of definite healthcare infrastructure and awareness regarding the technological advancements. Although the South African market is in the nascent stage, increase in the adoption of IT in healthcare is expected to boost the market.
The eHealth strategy in public health sector in South Africa is driving the adoption of health information systems. It aims at facilitating smooth functioning of the national health information system through a patient-centric approach.
Furthermore, changing reforms and government initiatives supporting the adoption of healthcare information systems are expected to drive the market. Moreover, increase in funding for healthcare IT start-ups in South Africa is expected to drive the market.
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Our clientele includes a mix of healthcare information system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa healthcare information system market , including forecasts for subscribers. This country databook contains high-level insights into South Africa healthcare information system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa healthcare information system market size, by application, 2018-2030 (US$M)
South Africa Healthcare Information System Market Outlook Share, 2023 & 2030 (US$M)
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