Middle East & Africa Healthcare It Market Size & Outlook
Middle East & Africa healthcare it market, 2018-2030 (US$M)
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MEA healthcare it market highlights
- The MEA healthcare it market generated a revenue of USD 240.3 million in 2021.
- The market is expected to grow at a CAGR of 3.8% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 240.3 million |
| Market revenue in 2030 | USD 336.0 million |
| Growth rate | 3.8% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% of the global healthcare it market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,736.8 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa healthcare it 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 it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.25% in 2021. Horizon Databook has segmented the Middle East & Africa healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2018 to 2030.
MEA includes South Africa, Saudi Arabia, and other Middle Eastern & North African countries. Market growth in this region can be attributed to the steady development of healthcare facilities in emerging economies and increase in healthcare expenditure.
In addition, the Saudi Arabian government has taken various efforts to implement IT systems in the healthcare sector. Several hospitals in Saudi Arabia are using these information systems to improve patient care. Improvements in the healthcare sector and increase in the integration of IT in healthcare are expected to boost the market.
Furthermore, increase in collaborations among public and private players is also boosting the market in the UAE. In November 2016, The Ministry of Health and Prevention, UAE, renewed and expanded a strategic partnership with Cerner Corporation to continue the implementation of enterprise-wide EHR in health systems.
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Target buyers of Middle East & Africa healthcare it market databook
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa healthcare it market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA healthcare it market size, by country, 2018-2030 (US$M)
Middle East & Africa Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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