South Africa Healthcare It Market Size & Outlook
South Africa healthcare it market, 2018-2030 (US$M)
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South Africa healthcare it market highlights
- The South Africa healthcare it market generated a revenue of USD 26.4 million in 2021 and is expected to reach USD 50.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.4% 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.
Healthcare it market data book summary
| Market revenue in 2021 | USD 26.4 million |
| Market revenue in 2030 | USD 50.4 million |
| Growth rate | 7.4% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Africa accounted for 0.4% of the global healthcare it market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE healthcare it market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 50.4 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 33.33% in 2021. Horizon Databook has segmented the South 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.
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 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 country-level data and insights on the South Africa healthcare it market , including forecasts for subscribers. This country databook contains high-level insights into South Africa healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa healthcare it market size, by function, 2018-2030 (US$M)
South Africa Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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