Middle East and Africa Health Information Exchange Market is expected to reach US$ 101.47 Mn by 2028

The private segment by set up is estimated to lead the market growth during the forecast period.

According to a new market research study of “Middle East and Africa Health Information Exchange Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type, Indication, Service and Country.” The Middle East and Africa health information exchange market is expected to reach US$ 101.47 million by 2028 from US$ 52.30 million in 2021; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028. The report highlights trends prevailing in the Middle East and Africa health information exchange market and the factors driving market along with those that act as hindrances.

The Middle East and Africa health information exchange market based on the set up was segmented into public and private. In 2020, the private segment held the largest share of the market, and same segment is expected to grow at the fastest rate during the coming years.

The Middle East and Africa health information exchange market is expected to reach US$ 101.47 million by 2028 from US$ 52.30 million in 2021; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028.The growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across Middle East and Africa. However, the data security and privacy concerns are hampering the growth of the market.

The rapid growth of health information technology has led to the increase in exchange of patient medical information through electronic health records (EHRs). The systems can collect patient information as well as share the information with other healthcare professionals involved in the patient's care. The governments, healthcare authorities, and market players are actively supporting the adoption of EHR systems to streamline the process of healthcare activities. Moreover, the systems enable efficient data gathering and exchange, allowing healthcare professionals to enhance the quality of the treatment.  Hence, government initiatives are expected to drive the adoption of EHR systems, which will eventually propel the growth of the health information exchange market by 2028. Also, growing emphasis of healthcare cost optimization by the implementation of certain strategies, such as adoption of cloud-based solutions and cutting of hidden fees can provide substantial cost benefits. Such advantages offered by health information exchange are likely to accelerate the growth of health information exchange market during the forecast period.

Countries in the Middle East have also widely affected the socio-economic condition by the COVID–19 pandemic. Due to the increasing patient volumes, the demand for EMR and EHR platforms to handle complex patient data has grown. As a result, hospitals are progressively focusing on building their capabilities by integrating various hospital systems with EHRs. Players operating in this market have also integrated their EHR platforms with telehealth solutions and upgraded their software solutions to help healthcare providers manage COVID-19 patients effectively. Similarly, such governments' initiatives in the Middle East region open a window of opportunities for the firms involved in the health information exchange market, boosting the market growth.

The growth of the market is attributed to some key driving factors such as government support for adoption of EMR/EHR systems and growing emphasis on healthcare cost optimization across Middle East and Africa. However, the data security and privacy concerns are hampering the growth of the market.

Health Catalyst, Inc., McKesson Corporation, Oracle Corporation, Allscripts Healthcare, LLC, General Electric Company, Cerner Corporation, and Orion Health group of companies are among the leading companies operating in the Middle East and Africa health information exchange market.

The report segments in Middle East and Africa Health Information Exchange Market as follows:

By Set Up

• Private
• Public

By Type

• Direct Mediated
• Query-based
• Consumer Mediated

By Implementation Model

• Hybrid
• Centralized
• Decentralized

By Application

• Web Portal Development
• Internal Interfacing
• Workflow Management
• Other Applications

By End User

• Healthcare Providers
• Healthcare Payers
• Pharmacies

By Deployment

• On-Premise
• Cloud Based

By Country

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East and Africa