Middle East and Africa Practice Management System Market Size, Share, Opportunities, and Trends Report Segmented By Type, Mode of Delivery, Components, End User, and Country – Forecasts from 2024 to 2029

  • Published : Feb 2024
  • Report Code : KSI061611319
  • Pages : 114
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Middle East And Africa Practice Management System Market Size:

Middle East And Africa Practice Management System Market is estimated to grow at a CAGR of 8.35% during the forecast period to reach US$659.902 million by 2029, from US$376.446 million in 2022.

MEA Practice Management System Market Key Highlights:

  • Middle East and Africa Practice Management System Market is growing at 8.35% CAGR.
  • Healthcare sector is experiencing increased investments in infrastructure and technology.
  • Smart hospitals are integrating advanced health management systems and digital records.
  • Emirates Health Services is implementing AI-based patient room monitoring systems.

Middle East And Africa Practice Management System Market Trends:

Practice management systems improve the ability to meet important regulatory requirements, reducing the time and resources required for manual data entry and ensuring that key regulatory data elements are completed by the physician easily by receiving a notification alert. These systems also offer improved and more accurate invoicing procedures and insurance details, as well as alerts for receiving advance beneficiary notice, which helps to reduce claim denials.

As a result, using medical practice management software saves time and resources in the long run, propelling the market forward. Middle Eastern companies are migrating to the hybrid cloud as CIOs seek to improve their business applications and competitiveness. The local private clouds are where core applications and sensitive data, such as patient records, are stored. Furthermore, because of government reforms and increased technological breakthroughs in the field of healthcare IT, the software category is expected to account for a notable market share over the projection period.

Middle East And Africa Practice Management System Market Drivers:

  • Increasing healthcare expenditure

The healthcare sector in the Middle East is experiencing a significant surge in opportunities. According to trade.gov, the 2022 federal budget of the United Arab Emirates (UAE) allocated a substantial amount of USD 15.8 billion (AED 58.931 billion) for public spending, with 8.4% specifically earmarked for healthcare. Looking ahead to 2023, Saudi Arabia is poised to invest a substantial $50.4 billion in healthcare and social development, representing 16.96 percent of its budget for that year. This allocation makes healthcare the second-largest expenditure, following closely behind education.

They are placing a growing emphasis on enhancing healthcare systems and advancing digitalization. This trend is expected to result in a heightened demand for healthcare services, leading to increased investments in healthcare infrastructure and technology.

  • Growing technological advancements

The healthcare IT sector in the region is experiencing significant advancements in technology adoption. Smart hospitals are actively integrating sophisticated health management information systems, interconnected medical devices, and digital healthcare records. This shift towards digitization is propelled by the increasing demand for efficient record-keeping, adherence to regulatory standards, and the pursuit of enhanced patient care.

Illustrating this technological progression is the initiative taken by Emirates Health Services, which signed a memorandum of understanding (MoU) to implement an AI-based system in September 2023. The focus of this MoU is to leverage Generative AI technology in the development of patient room monitoring systems. The objective is to elevate the standards of healthcare services, aligning with the strategic priorities and goals of the government and Emirates Health Services (EHS).

In the Middle East, the healthcare industry is generating a substantial volume of data, encompassing record-keeping and patient care information. This robust data output underscores the industry's dedication to modernization and its strategic use of technology to achieve improved healthcare outcomes.

Middle East And Africa Practice Management System Market Restraint:

  • Shortage of practicing experts

The practice management system market's expansion is expected to be restricted by a scarcity of qualified IT specialists in the healthcare industry, as well as high maintenance and security expenses. The burden of rising healthcare expenses, the necessity for an integrated care system, and increased federal incentives are predicted to boost market expansion, while data privacy concerns and the expensive time required for integration are expected to stifle it. The shortage of on-site IT support services is a significant issue in this market.

MEA Management System Market Geographical Outlook:

  • Middle East and Africa practice management market segmentation by type into integrated and standalone

The segmentation of the Middle East and Africa Practice Management Market by type into Integrated and Standalone solutions. Integrated solutions offer improved efficiency, streamlined workflows, data centralization, enhanced visibility, and better decision-making.

They are particularly suitable for larger practices, multi-specialty clinics, and hospital groups seeking comprehensive solutions. On the other hand, Standalone solutions are known for being cost-effective and easier to learn and implement. These are ideal for smaller practices with specific needs, including solo practitioners, small clinics, and practices with limited budgets or specific software requirements.

MEA Practice Management System Market Developments:

  • March 2023-  Monash University collaborated with Israel's esteemed Sheba Medical Centre to accelerate medical innovation and transform health services. The partnership involved joint efforts in researching and developing new medical technology, digital health innovations, and models of care. Additionally, the collaboration aimed to facilitate the commercialization, manufacturing, and adoption of these advancements in health service environments, to benefit patients and communities both locally and overseas.

List of Top MEA Practice Management System Companies:

  • GE Healthcare Inc.
  • Oracle Corporation
  • Cordis Technology LLC.
  • Topline It Solutions
  • Alwafaa Group

Middle East And Africa Practice Management System Market Scope:

Report Metric Details
Market Size Value in 2022 US$376.446 million
Market Size Value in 2029 US$659.902 million
Growth Rate CAGR of 8.35
Base Year 2022
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Million
Segments Covered
  • Type
  • Mode Of Delivery
  • Component
  • End-user
  • Country
Companies Covered
Regions Covered
UAE, South Africa, Saudi Arabia, Israel, Others
Customization Scope Free report customization with purchase

 

MEA Practice Management System Market Segmentation:

  • By Type
    • Integrated
    • Standalone
  • By Mode Of Delivery
    • On-premises
    • Web-based
    • Cloud-based
  • By Component
    • Services
    • Software
  • By End-user
    • Physicians
    • Pharmacists
    • Diagnostic Laboratories
    • Others
  • By Country
    • UAE
    • South Africa
    • Saudi Arabia
    • Israel
    • Others
 

Frequently Asked Questions (FAQs)

The Middle East and Africa Practice Management System Market is projected to grow from a valuation of USD 376.446 million in 2022 to reach USD 659.902 million by 2029, at a compound annual growth rate (CAGR) of 8.35% during the forecast period.

The growth is driven by increasing healthcare expenditure and investments in digital infrastructure across the region. The need for efficient data management, streamlined workflows, and adherence to regulatory standards are also propelling the adoption of these systems. Furthermore, the rising trend of smart hospitals and the integration of technologies like AI and cloud computing are boosting demand.

The market is segmented into integrated and standalone solutions. Integrated systems, which combine features like EHR, patient engagement, and billing into a single platform, are the most lucrative and fastest-growing segment in the region.

The market faces challenges such as a shortage of skilled IT professionals in the healthcare sector, which makes system maintenance and support difficult. Other restraints include high implementation and maintenance costs, as well as significant concerns regarding data privacy and security.

While the Middle East and Africa are a combined market, the text specifically mentions that South Africa is expected to register the highest CAGR in the region. The UAE and Saudi Arabia are also key players due to their substantial investments in healthcare and digitalization.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. MIDDLE EAST AND AFRICA PRACTICE MANAGEMENT SYSTEM MARKET BY TYPE

5.1. Introduction

5.2. Integrated

5.2.1. Market opportunities and trends

5.2.2. Growth prospects

5.3. Standalone

5.3.1. Market opportunities and trends

5.3.2. Growth prospects

6. MIDDLE EAST AND AFRICA PRACTICE MANAGEMENT SYSTEM MARKET BY MODE OF DELIVERY

6.1. Introduction

6.2. On- premise

6.2.1. Market opportunities and trends

6.2.2. Growth prospects

6.3. Web-based

6.3.1. Market opportunities and trends

6.3.2. Growth prospects

6.4. Cloud-based

6.4.1. Market opportunities and trends

6.4.2. Growth prospects 

7. MIDDLE EAST AND AFRICA PRACTICE MANAGEMENT SYSTEM MARKET BY COMPONENT

7.1. Introduction

7.2. Services

7.2.1. Market opportunities and trends

7.2.2. Growth prospects

7.3. Software

7.3.1. Market opportunities and trends

7.3.2. Growth prospects

8. MIDDLE EAST AND AFRICA PRACTICE MANAGEMENT SYSTEM MARKET BY END-USER

8.1. Introduction

8.2. Physicians

8.2.1. Market opportunities and trends

8.2.2. Growth prospects

8.3. Pharmacists

8.3.1. Market opportunities and trends

8.3.2. Growth prospects

8.4. Diagnostic Laboratories

8.4.1. Market opportunities and trends

8.4.2. Growth prospects

8.5. Others

8.5.1. Market opportunities and trends

8.5.2. Growth prospects

9. MIDDLE EAST AND AFRICA PRACTICE MANAGEMENT SYSTEM MARKET BY COUNTRY

9.1. Introduction

9.2. UAE

9.2.1. Market opportunities and trends

9.2.2. Growth prospects

9.3.  South Africa

9.3.1. Market opportunities and trends

9.3.2. Growth prospects

9.4. Saudi Arabia

9.4.1. Market opportunities and trends

9.4.2. Growth prospects

9.5. Israel

9.5.1. Market opportunities and trends

9.5.2. Growth prospects

9.6. Others

9.6.1. Market opportunities and trends

9.6.2. Growth prospects

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisition, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. GE Healthcare Inc.

11.2. Oracle Corporation

11.3. MEDAS MIDDLE EAST SOFTWARE SYSTEMS LLC.

11.4. Cordis Technology LLC.

11.5. Topline It Solutions

11.6. Alwafaa Group

11.7. dWise Healthcare IT Solutions Pvt. Ltd

GE Healthcare Inc.

Oracle Corporation

MEDAS MIDDLE EAST SOFTWARE SYSTEMS LLC.

Cordis Technology LLC.

Topline It Solutions

Alwafaa Group

dWise Healthcare IT Solutions Pvt. Ltd