The Latin America, Middle East and Africa Healthcare IT Integration Market is expected to witness market growth of 17.6% CAGR during the forecast period (2021-2027).
Increasing demand for a system that can improve the efficiency of healthcare providers and institutions is a key factor driving market growth. Other major factors driving the healthcare IT integration market include rising demand for paperless technology, increased adoption of EHRs and other HCIT solutions, rapidly increasing favorable government support and initiatives, and the expanding requirement to integrate healthcare systems. Furthermore, in the anticipated period of 2021-2028, developing telehealth and remote patient monitoring markets, as well as increasing emerging markets, will generate new chances for the healthcare IT integration market.
One of the most critical functions in the healthcare business was the introduction of electronic health records, which was made possible by healthcare IT integration. EHRs have the potential to improve a health-care system's overall efficiency, safety, and quality.
Noncommunicable diseases are on the rise in the Middle East, as residents opt for more sedentary, busy, and westernised lives. R&D, clinical decision support, and medical imaging and diagnostic skills are all aided by AI-based technology. Countries like the United Arab Emirates and Saudi Arabia have been in the forefront of AI use in the healthcare sector. Quanterium Blockchain Solutions, a UAE start-up technology company, has been one of the country's leading innovators, with solutions such as 3D diagnostics, patient records, and other healthcare management platforms utilising AI and Big Data, Internet of medical things (IoMT), Blockchain, robotics, and augmented reality (AR).
Because the bulk of the region's countries are impoverished, governments are working hard to provide basic healthcare to their inhabitants. However, in recent years, the African area has seen a surge in the adoption of digital health solutions in many countries.
The Brazil market dominated the LAMEA Healthcare IT Integration Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $135.2 million by 2027. The Argentina market is poised to grow at a CAGR of 18.2% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 17.3% during (2021 - 2027).
Based on Offering, the market is segmented into Services and Products. Based on Services Type, the market is segmented into Support & Maintenance Services and Implementation & Integration Services. Based on Products Type, the market is segmented into Interface/Integration Engines, Medical Device Integration Software, Media Integration Software, and others. Based on End User, the market is segmented into Hospitals, Laboratories, Clinics, Diagnostic Imaging Centres, and others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), NextGen Healthcare, Inc., Epic Systems Corporation, IBM Corporation, Oracle Corporation, Infor, Inc. (Koch Industries), Koninklijke Philips N.V., and Wipro Limited.
By Offering
By End User
By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Increasing demand for a system that can improve the efficiency of healthcare providers and institutions is a key factor driving market growth. Other major factors driving the healthcare IT integration market include rising demand for paperless technology, increased adoption of EHRs and other HCIT solutions, rapidly increasing favorable government support and initiatives, and the expanding requirement to integrate healthcare systems. Furthermore, in the anticipated period of 2021-2028, developing telehealth and remote patient monitoring markets, as well as increasing emerging markets, will generate new chances for the healthcare IT integration market.
One of the most critical functions in the healthcare business was the introduction of electronic health records, which was made possible by healthcare IT integration. EHRs have the potential to improve a health-care system's overall efficiency, safety, and quality.
Noncommunicable diseases are on the rise in the Middle East, as residents opt for more sedentary, busy, and westernised lives. R&D, clinical decision support, and medical imaging and diagnostic skills are all aided by AI-based technology. Countries like the United Arab Emirates and Saudi Arabia have been in the forefront of AI use in the healthcare sector. Quanterium Blockchain Solutions, a UAE start-up technology company, has been one of the country's leading innovators, with solutions such as 3D diagnostics, patient records, and other healthcare management platforms utilising AI and Big Data, Internet of medical things (IoMT), Blockchain, robotics, and augmented reality (AR).
Because the bulk of the region's countries are impoverished, governments are working hard to provide basic healthcare to their inhabitants. However, in recent years, the African area has seen a surge in the adoption of digital health solutions in many countries.
The Brazil market dominated the LAMEA Healthcare IT Integration Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $135.2 million by 2027. The Argentina market is poised to grow at a CAGR of 18.2% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 17.3% during (2021 - 2027).
Based on Offering, the market is segmented into Services and Products. Based on Services Type, the market is segmented into Support & Maintenance Services and Implementation & Integration Services. Based on Products Type, the market is segmented into Interface/Integration Engines, Medical Device Integration Software, Media Integration Software, and others. Based on End User, the market is segmented into Hospitals, Laboratories, Clinics, Diagnostic Imaging Centres, and others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), AllScripts Healthcare Solutions, Inc., General Electric (GE) Co. (GE Healthcare), NextGen Healthcare, Inc., Epic Systems Corporation, IBM Corporation, Oracle Corporation, Infor, Inc. (Koch Industries), Koninklijke Philips N.V., and Wipro Limited.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Services and
- Support & Maintenance Services
- Implementation & Integration Services
- Products
- Interface/Integration Engines
- Medical Device Integration Software
- Media Integration Software
- Others
By End User
- Hospitals
- Laboratories
- Clinics
- Diagnostic Imaging Centres
- Others
By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Key Market Players
List of Companies Profiled in the Report:
- Siemens Healthineers AG (Siemens AG)
- AllScripts Healthcare Solutions, Inc.
- General Electric (GE) Co. (GE Healthcare)
- NextGen Healthcare, Inc.
- Epic Systems Corporation
- IBM Corporation
- Oracle Corporation
- Infor, Inc. (Koch Industries)
- Koninklijke Philips N.V.
- Wipro Limited
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA Healthcare IT Integration Market by Offering
Chapter 4. LAMEA Healthcare IT Integration Market by End User
Chapter 5. LAMEA Healthcare IT Integration Market by Country
Chapter 6. Company Profiles
Companies Mentioned
- Siemens Healthineers AG (Siemens AG)
- AllScripts Healthcare Solutions, Inc.
- General Electric (GE) Co. (GE Healthcare)
- NextGen Healthcare, Inc.
- Epic Systems Corporation
- IBM Corporation
- Oracle Corporation
- Infor, Inc. (Koch Industries)
- Koninklijke Philips N.V.
- Wipro Limited
Methodology
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