Market Introduction
Master patient index (MPI) is an essential as well as critical part of every hospital or a healthcare facility center. To maintain the huge database of patients’ MPI software or systems are used. MPI software or system is a primary feature build in the electronic health record (HER) to maintain a universal identity of patients at the organizational level. MPI helps in connecting patient records from several databases and reduces data duplication of patients. MPI also helps avoiding inaccuracy of data resulting in improper treatments.
Thus, the adoption of cloud-based technologies is expected to create a significant demand for master patient index software in the coming years, which is further anticipated to drive the master patient index software market.
The primary source of economic stabilization in Middle East countries is oil production and export. However, the recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products, especially crude oil, and halted production due to labor shortage are significant impacts observed in the region. Though countries such as UAE, Saudi Arabia, and Turkey are focusing on adopting advanced patient data technologies, the market in the rest of the nations is expected to witness considerable decline due to a lack of healthcare infrastructure. Additionally, tightened financial condition is also decreasing the economic activities in the region. Since the beginning of 2020, the COVID-19 pandemic has caused enormous health, social and economic impacts, which is likely to continue in 2021. Even after some of these impacts have been mitigated or contained, there will be medium- and longer-term consequences. However, the healthcare systems in the UAR, Saudi Arabia, South Africa, and other countries are adopting advanced patient data tools in their hospitals, clinics, laboratories, diagnostic centers, and other institutions. And the developing healthcare IT infrastructure in the region is expected to have a positive impact on the master patient index software during the COVID19 pandemic.
Market Overview and Dynamics
The Master patient index software market in Middle East and Africa is expected to grow from US$ 31.2 million in 2021 to US$ 52.7 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. Healthcare IT solutions are enabling large-scale innovations in healthcare sector, which contribute to the improvement of service quality. Technologies such as telemedicine, mHealth, remote patient monitoring, behavioral health technologies, and consumer-driven digital health have significantly transformed fundamentals of care delivery. The positive outlook and acceptance for these advancements is likely to encourage companies to develop MPI software in greater numbers in the coming future. Infrastructure developments along with the adoption of automated healthcare IT solutions have drawn government support and investments toward healthcare digitalization. Moreover, the COVID-19 pandemic has created the need of additional investments for the establishment of the digital healthcare. The digitalization of processes in healthcare segment is emerging as a prominent trend that would propel the adoption of MPI software during the forecast period.
Key Market Segments
In terms of type, the software segment accounted for the largest share of the Middle East and Africa master patient index software market in 2020. In terms of deployment, the cloud-based segment held a larger market share of the master patient index software market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the master patient index software market in Middle East and Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are McKESSON CORPORATION, Oracle Corporation, Wipro Limited, Allscripts Healthcare Solutions, Inc., MEDITECH, and Intersystems Corporation.
Reasons to buy report
MIDDLE EAST AND AFRICA MASTER PATIENT INDEX SOFTWARE MARKET SEGMENTATION
By Type
By Deployment
By Country
Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 31.2 Million |
| Market Size by 2028 | US$ 52.7 Million |
| CAGR (2021 - 2028) | 7.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Master Patient Index Software Market is valued at US$ 31.2 Million in 2021, it is projected to reach US$ 52.7 Million by 2028.
As per our report Middle East and Africa Master Patient Index Software Market, the market size is valued at US$ 31.2 Million in 2021, projecting it to reach US$ 52.7 Million by 2028. This translates to a CAGR of approximately 7.8% during the forecast period.
The Middle East and Africa Master Patient Index Software Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Master Patient Index Software Market report:
The Middle East and Africa Master Patient Index Software Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Master Patient Index Software Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Master Patient Index Software Market value chain can benefit from the information contained in a comprehensive market report.
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