Market Research Report
Middle East and Africa Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type ; Type ; End User
|Middle East and Africa Electronic Health Record Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Installation Type ; Type ; End User|
Published: July 6, 2021
The Insight Partners
Content info: 106 Pages
Delivery time: 1-2 business days
The electronic health record (EHR) market in Middle East and Africa is expected to grow from US$ 183.1 million in 2021 to US$ 233.7 million by 2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028. A medical error is a nightmare scenario that no physician or medical practice wants to face. While most healthcare professionals and many consumers/clients/patients realize that doctors are human beings and sometimes make mistakes, most take measures to ensure accuracy in all aspects of a patient care scenario. Yet, unfortunately, thousands of people do experience some form of medical errors and even preventable deaths on an annual basis. Today's EHR systems support automated artificial intelligence, sometimes sifting through massive patient care files. For example, not long ago, a patient with a chronic condition might have a paper record composed of hundreds of pages. Today, an EHR system can quickly sift through data to analyze current and past prescriptions, laboratory tests, treatment plans, diagnoses, medical procedures, and even foods that a patient should stay away from when taking certain medications before or following medical treatment or procedure. These statistics emphasize that most such medical errors are not implied to be caused by the lack of concern, inattentiveness, or outright misconduct on the part of physicians, but rather the often-confusing lack of communication and access to complete medical records and histories. The development of electronic health record/electronic medical record technologies can serve to reduce medical errors through more coordinated care enhanced by data sharing and immediate accessibility by any member of a patient's health care team.
The market for electronic health record (EHR) market is segmented into installation type, type, and end user. Based on installation type, the electronic health record (EHR) market is segmented cloud-based and on-premise. In 2020, cloud-based segment accounted for the largest share of the market. Cloud-based solutions are cost-effective as cloud computing reduces the cost of managing and maintaining your IT systems. Cloud-based EHR offers flexibility and allows the user to access the data from any place. Also, developments by market players in this segment are likely to enhance the growth of the segment. For instance, in July 2020, Cerner launched a cloud-based EHR platform, CommunityWorks Foundations, which aims at reducing the costs of traditional EHR systems in rural and Critical Access Hospitals.
Countries in the Middle East have also widely affected the socio-economic condition by the COVID-19 pandemic. However, the countries have wisely reacted to the COVID-19 pandemic to avoid the spread of infection. Similar to other regions, lockdown and social distancing were imposed, which has impaired these trends hindering access to work, regular income, payments, fairs, schools, and healthcare. Therefore, it is expected the countries have undergone huge losses and are still trying to recover them. Due to the less developed economies majority of the countries are depended on the suppliers for healthcare products. In addition, there is high uncertainty of the spread of COVID-19 in Africa and other low-income countries such as Cameroon, Egypt, Algeria, Morocco, South Africa, Togo, Nigeria, Senegal, and Tunisia. Due to a widespread outbreak of COVID-19 in Africa, has led to disruption in healthcare services. Therefore, the necessity of laboratory capacity and medical supplies, the detection of the virus in African countries is a challenge. To defeat this challenge, the World Health Organization (WHO) noted that it had helped 36 African countries with virus testing kits. This is likely to have influence on the electronic health records market during the forecast period.
The overall Middle East and Africa electronic health record (EHR) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Middle East and Africa electronic health record (EHR) market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East and Africa Electronic health record (EHR) market. Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, and Epic Systems Corporation. are among a few players operating in the Middle East and Africa Electronic health record (EHR) market.