Middle East's Electronic Health Record (EHR) market size was valued at $1.13 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5% from 2022 to 2030 and will reach $1.67 Bn in 2030. The Middle East EHR market will grow because healthcare professionals and patients can benefit from ambulatory care facilities through EHR. The key market players are Cerner, Allgeier, Cerner, GE Healthcare, and others.
Middle East's Electronic Health Record (EHR) market size was valued at $1.13 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 5% from 2022 to 2030 and will reach $1.67 Bn in 2030. Healthcare expenditure in the Middle East varies widely among countries in the region. According to the World Health Organization (WHO), in 2017, the countries with the highest healthcare expenditure as a percentage of gross domestic product (GDP) in the Middle East were Oman (4.4%), and Kuwait (4.1%). However, other countries in the region have lower healthcare expenditures as a percentage of GDP. For example, in 2017, healthcare expenditure in Saudi Arabia was 3.5% of f GDP, and in the United Arab Emirates (UAE) it was 3.2% of the GDP.
Since a medical error is a nightmarish scenario, neither a doctor nor a medical facility wants to experience one. Many patients, clients, and consumers are aware that doctors occasionally make mistakes, but the majority of healthcare professionals take steps to ensure accuracy in all parts of a patient care situation. Sadly, thousands of instances of medical error occur each year, including fatalities that may have been prevented. Modern EHR systems' autonomous artificial intelligence can sometimes sift through extremely large patient care file volumes. For instance, a patient with a chronic condition might have had a paper record that was hundreds of pages long not long ago.
To encourage doctors to use EHR, private and public financial incentives are linked together like never before. The government has also invested billions in educating health IT professionals and establishing regional extension centers to offer technical and other support to aid in the changeover. Moreover, billions more were allotted to assist in the training of health information technology (HIT) professionals and in assisting hospitals and providers in setting up EHRs that would allow the health data that was previously kept in paper files to be confiscated to be shared among providers and used to enhance the quality of medical care.
Nowadays, an EHR system can quickly sift through data to analyze past and present prescriptions, lab results, treatment plans, diagnoses, medical procedures, and even the foods that a patient should avoid when taking specific medications prior to or after receiving medical treatment or undergoing a procedure. These figures highlight the fact that most medical errors aren't necessarily the result of a doctor's carelessness, negligence, or willful misbehavior, but rather of a confusing lack of communication and access to comprehensive medical records and histories. Through better-coordinated care enhanced by data sharing and instant accessibility to any member of a patient's health care team, the development of electronic health record/electronic medical record technology can help to reduce medical errors. Hence, demand for the EHR market in the Middle East region is rising.
Market Growth Drivers
The implementation of numerous technologies, including Artificial Intelligence (AI), Data Science, etc., in the healthcare industry to manage vast amounts of patient data has sped up market growth in the years to come. AI is mostly employed in electronic health records to improve patient data extraction and deliver individualized treatment referrals.
Additionally, several improvements in medical imaging and the growth of clinical diagnostics centers led to the production of a significant amount of patient data. As a result, AI-powered EHR systems assist in data integration and provide a wide range of solutions with various features.
Additionally, technology like artificial intelligence (AI), machine learning, and natural language processing (NLP) assist in maintaining massive EHR data sets and documenting patient medical experiences. As a result, market growth is anticipated to accelerate between 2022 and 2030 due to the increased integration of AI in EHR systems.
Market Restraints
A number of EHR factors are preventing the market from expanding due to the growing usage of EHR systems in clinical labs and administrative applications. The Middle East electronic health records market faces significant challenges from elements including the absence of a cheap EHR system.
Additionally, the market for the adoption of the EHR system is suffering from a lack of system availability, particularly in nations like Saudi Arabia, Turkey, and Kuwait. The high implementation and maintenance costs of EHR systems, which have a negative impact on industry growth, are another important factor.
Key Players
Policy changes and Reimbursement scenario
The United Arab Emirates (UAE) has implemented regulations for the use of electronic health records (EHRs) through the Ministry of Health and Prevention (MOHAP) and the Dubai Health Authority (DHA). These regulations include guidelines for the storage, handling, and sharing of EHRs, as well as requirements for data privacy and security.
MOHAP and DHA have implemented the National Electronic Health Record (NEHR) system, which is a unified system that allows for the sharing of patient health information among healthcare providers across the UAE. In order to access the NEHR, healthcare providers must meet certain technical and organizational requirements.
Turkey has implemented regulations for the use of electronic health records (EHRs) through the Ministry of Health and the Social Security Institution. The regulations include guidelines for the storage, handling, and sharing of EHRs, as well as requirements for data privacy and security.
The Ministry of Health has implemented the National Electronic Health Records (NEHR) system, a centralized system for the storage and sharing of patient health information. In order to access the NEHR, healthcare providers must meet certain technical and organizational requirements, including having security systems in place for the storage and handling of EHRs.
SGK also has implemented the Electronic Health Information System (EHIS), which allows for the sharing of patient health information among healthcare providers in Turkey. In order to access the EHIS, healthcare providers must meet certain technical and organizational requirements, including having security systems in place for the storage and handling of EHRs.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product (Revenue, USD Billion):
Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services
By Application Type (Revenue, USD Billion):
Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.
By End User (Revenue, USD Billion):
By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.
Insights10 will provide you with the reports within 10 key parameters which are:
Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.
Stage I: Market Data Collection
Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.
Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.
Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:
Stage II: Market Data Analysis and Statistical Model
Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.
Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.
The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.
The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.
Data Triangulation & Validation:
Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.
We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.
Stage III: Interpretation and Presentation
Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)
Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.
Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.
This report addresses
Need more?