Middle East & Africa Patient Safety And Risk Management Software Market Size & Outlook
Middle East & Africa patient safety and risk management software market, 2018-2030 (US$M)
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MEA patient safety and risk management software market highlights
- The MEA patient safety and risk management software market generated a revenue of USD 25.3 million in 2023.
- The market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, risk management & safety solutions was the largest revenue generating software type in 2023.
- Risk Management & Safety Solutions is the most lucrative software type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 25.3 million |
| Market revenue in 2030 | USD 59.8 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Risk management & safety solutions |
| Fastest growing segment | Risk Management & Safety Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Risk Management & Safety Solutions |
| Key market players worldwide | Health Catalyst Inc, Conduent Inc, Clarity Pharmaceuticals Ltd, Riskonnect, Origami Risk, RLDatix, symplr, Verge Health, Riskqual Technologies, Quantros, The Patient Safety Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.3% of the global patient safety and risk management software market in 2023.
- 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 373.7 million by 2030.
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Patient Safety And Risk Management Software Market Scope
Patient Safety And Risk Management Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa patient safety and risk management software 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 patient safety and risk management software market will help companies and investors design strategic landscapes.
Risk management & safety solutions was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa patient safety and risk management software market based on risk management & safety solutions covering the revenue growth of each sub-segment from 2018 to 2030.
Economic growth & development in the MEA region is varying, and only a few countries have been able to improve. Countries such as Saudi Arabia, Qatar, the UAE, Kuwait, and Oman in the Middle East are prospering. Advancements in healthcare systems are expected to bring digital health in effect in these countries, thereby supporting the growth and adoption of risk management and patient safety software.
However, some countries in Africa rank low in digital health readiness, i.e., they lack in proper healthcare infrastructure. In terms of technology, Israel is the most advanced economy and the second largest exporter of cybersecurity products in the Middle East. It indicates presence of technologically advanced infrastructure that supports digitalization in the country. This is expected to drive patient safety and risk management market in this region over the forecast period.
In countries such as Saudi Arabia and the UAE, informative software for reducing risk and enhancing patient safety & engagement are gaining popularity. Increasing penetration of eHealth services due to rising usage of such software, cloud services, and telemedicine services in the healthcare institutions as well as growing awareness in patients is expected to significantly boost the market growth over the forecast period.
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Target buyers of Middle East & Africa patient safety and risk management software market databook
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Our clientele includes a mix of patient safety and risk management software 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 patient safety and risk management software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa patient safety and risk management software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa patient safety and risk management software market
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