The Latin America, Middle East and Africa eHealth Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
Electronic healthcare records (EHR), and wearable, have aided by expanding healthcare IT innovation and enabling policies. Everything will be recorded online, from patient intake through discharge, which is expected to accelerate the expansion of the eHealth market. The market is anticipated to have potential growth opportunities in the coming years due to increased attention being paid to infrastructure development and major companies making noteworthy efforts to provide convenience for healthcare providers.
Healthcare providers' adoption of e-health products and services has increased significantly recently. A few examples include picture archiving, communication systems (PACS), electronic medical coverage (EMC), electronic health records (EHRs), and telemedicine. This is because e-health is enhancing the delivery of healthcare and the management of public health systems.
To improve the efficiency of healthcare delivery, expand access to treatment in rural regions, and deliver higher-quality care at a reduced cost, governments worldwide have undertaken several e-health programs leveraging ICT. As a result, it is projected that a rise in government efforts will greatly boost the expansion of the market during the forecast period.
The Saudi Arabian government's spending on the health IT industry is anticipated to continue growing, especially given its determination to complete several projects, such as digital patient records, the standard e-Health card, doctor's prescriptions, and insurance claims. E-Health infrastructure modernization and upgrade costs are estimated by industry sources to cost $500 million annually, with the potential to rise in the coming years, budget permitting. The government's efforts to support eHealth are predicted to contribute to the regional market's growth.
The Brazil market dominated the LAMEA eHealth Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,584.6 million by 2028. The Argentina market is experiencing a CAGR of 18.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 17.9% during (2022 - 2028).
Based on Product, the market is segmented into Medical Apps, Electronic Health Records (EHR), Telehealth, Vendor Neutral Archive (VNA) and Picture Archiving & Communications Systems (PACS), Laboratory Information Systems (LIS), Prescribing Solutions, Clinical Decision Support Systems (CDSS), Pharmacy Information Systems, and Others. Based on End User, the market is segmented into Healthcare Providers, Payers, Healthcare Consumers, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide eHealth Market is Projected to reach USD 212.4 Billion by 2028, at a CAGR of 13.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, IBM Corporation, Cisco Systems, Inc., GE HealthCare Technologies, Inc., Veradigm, Inc., Koninklijke Philips N.V., Siemens Healthineers AG (Siemens AG), Teladoc Health, Inc., UnitedHealth Group, Inc. (Optum, Inc.), and Athenahealth, Inc. (Veritas Capital).
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