The Latin America, Middle East and Africa Personal Health Record Software Market would witness market growth of 10.8% CAGR during the forecast period (2021-2027).
The rising adoption of online apps and changing trends in digitization are estimated to bolster the growth of the segment over the forecast period. The development of new and innovative technologies enables customers to get access to apps with the help of Uniform Resource Locators (URLs). Additionally, various benefits related to web-based PHR software like convenience in exchanging important details among the patients and several clinicians, which would further surge the growth of the segment.
The increasing cases of various diseases in the region and the emerging need of making a strong healthcare system across different nations of this region would open bright growth prospects for the key market players. In addition, the untapped potential of the region is motivating more companies to enter this region and acquire a significant share in the regional market.
Along with this, the increasing disposable income of the customers is motivating them to spend more on their healthcare facilities and further adopt better ways of managing health records to better avail healthcare facilities, which would augment the demand for personal health record software in this region. However, numerous countries of this region do not have a strong foundation in the healthcare sector, which may restrict the demand for PHR software across the region.
There are some advantages offered by standalone PHR like perceived privacy control & belief, which would open bright growth prospects for the market. Furthermore, patient data management is one of the major characteristics offered by standalone PHRs, which is also anticipated to propel the growth of the segment.
The Web-based market dominated the South Africa Personal Health Record Software Market by Deployment Mode in 2020, thereby, achieving a market value of $107.8 Thousands by 2027. The Cloud-based market is expected to witness a CAGR of 11.8% during (2021 - 2027).
Based on Component, the market is segmented into Software & Mobile Apps and Services. Based on Architecture Type, the market is segmented into Payer Tethered, Standalone and Provider Tethered. Based on Deployment Mode, the market is segmented into Web-based and Cloud-based. 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 Personal Health Record Software Market is Predict to reach $13.2 million by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dwyer Instruments LTD. (Arcline Investment Management), HERSILL Ohio Medical (Tenex Capital Management), Precision Medical, Inc., Penlon (BPL Medical Technologies), DZ Medicale, Burak Metering, Megasan Medical, SHANGHAI AMCAREMED TECHNOLOGY Co., LIMITED, and Heyer Medical (AEONMED Group).
By Component
By Architecture Type
By Deployment Mode
By Country
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