LAMEA Healthcare IT Market By Application (Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Healthcare IT Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027). Healthcare IT deals with various aspects like designing, developing, creating, and maintaining information systems in the healthcare industry.
The adoption of the electronic medium as a tool to exchange healthcare information is becoming highly popular around the world, creating new growth avenues for the players operating in the global healthcare IT market. The integration of RFID wireless technology in healthcare IT would create bright prospects for market growth. These solutions are witnessing massive traction among different countries due to the decreased cost of treatment. The installation of these solutions brings a reduction in the number of errors in various procedures in the healthcare industry.
In the Middle East, the occurrences of non-communicable diseases have been increasing as the citizens of the region are preferring more sedentary, hectic, and westernized lifestyles. AI-based technologies are helping in R&D, clinical decision support, and medical imaging & diagnostic capabilities. Countries such as UAE and Saudi Arabia have been at the forefront of adopting AI in Healthcare. The UAE start-up technology company, Quanterium Blockchain Solutions has been one of the leading innovators in the country, utilizing AI and Big Data, Internet of medical things (IoMT), Blockchain, robotics and augmented reality (AR) with solutions like 3D diagnostics, patient records, and other healthcare management platforms.
As a majority of the countries of the region are dealing with extreme poverty, governments striving hard to providing basic healthcare to their citizens. However, the African region is booming in terms of rolling out digital health solutions in different countries in recent years. Digital technologies are spreading extensively as they enable the transition from no infrastructure to the fourth industrial revolution without investment in conventional healthcare infrastructures.
The Brazil market dominated the LAMEA Clinical Information Systems Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $569.7 million by 2027. The Argentina market would witness a CAGR of 10.1% during (2021 - 2027). Additionally, The UAE market is showcasing a CAGR of 8.5% during (2021 - 2027).
Based on Application, the market is segmented into Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Healthcare IT Market is Predict to reach $125.1 Billion by 2027, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include UnitedHealth Group, Inc. (Optum, Inc.), Cerner Corporation, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Epic Systems Corporation, Oracle Corporation, Conduent, Incorporated, and Infor, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Electronic Health Records
- Clinical Information Systems
- Laboratory Information Systems
- Electronic Prescribing Systems
- Computerized Provider Order Entry Systems
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- UnitedHealth Group, Inc. (Optum, Inc.)
- Cerner Corporation
- AllScripts Healthcare Solutions, Inc.
- Athenahealth, Inc. (Veritas Capital)
- Cognizant Technology Solutions Corporation
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Oracle Corporation
- Conduent, Incorporated
- Infor, Inc.
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