Integrated Segment has the Largest Share of Software in the Middle East and Africa Patient Registry Software Market during 2020-2027
According to this research study titled “Middle East and Africa Patient Registry Software Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Software, Database, Type of Registry, Mode of Delivery, and Pricing Model,” the market is expected to reach US$ 112.6 million by 2027 from US$ 52.8 million in 2020; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027. The report provides trends prevailing in the Middle East and Africa patient registry software market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the development of digital health infrastructure and increasing use of patient registries are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns associated with the patient data breach.
Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major 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 major impacts observed in the region. Though, countries such as UAE, Saudi Arabia, and Turkey are focusing on the adoption of advanced patient data technologies, the market in rest of the countries are expected to witness considerable decline due to 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. With many healthcare institutions and laboratories under acute pressure, the market for patient registry software is expected to grow at a steady rate in the region.
The market for patient registry software market is segmented into software, database, type of registry, mode of delivery, and pricing model. In 2019, the integrated software segment accounted for the largest share of the Middle East and Africa patient registry software market. The growth of this market is also attributed to the abilities for integrated software to facilitate informed decision-making, confer appropriate scale-up, capability to handle modern day software solutions, manage application program interface and others. Moreover, integrated software solutions eliminate the need for purchasing separate hardware components as they can be integrated with the existing computer systems, making them more cost-effective and user-friendly.
IQVIA Inc., Medstreaming, Open Text Corporation, LUMEDX, IBM Corporation, Mckesson Corporation, and Dacima Software Inc are among the leading companies in the Middle East and Africa patient registry software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2018, IQVIA and MDA, with the help of its advance technology and infrastructure, are aimed to improve the abilities and capabilities of the researchers and health care service providers. Thus, this collaboration will boost the research opportunities focused on the development of novel drugs. Besides, this union of two organizations is expected to benefit the expansion of the pilot registry, which was established by MDA in 2013.
The report segments the Middle East and Africa Patient Registry Software market as follows:
By Software
By Database
By Type of Registry
By Mode of Delivery
By Pricing Model
By Country
According to this research study titled “Middle East and Africa Patient Registry Software Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Software, Database, Type of Registry, Mode of Delivery, and Pricing Model,” the market is expected to reach US$ 112.6 million by 2027 from US$ 52.8 million in 2020; it is estimated to grow at a CAGR of 11.4% from 2020 to 2027. The report provides trends prevailing in the Middle East and Africa patient registry software market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the development of digital health infrastructure and increasing use of patient registries are the key factors driving the market growth. However, the market is expected experiencing slow growth during the forecast period owing to the concerns associated with the patient data breach.
Economic uncertainties and ongoing conflicts are worsening the condition in the region. For instance, countries such as Syria, Libya, and Yemen are suffering violent conflict and cannot implement any public health measures. Iran was in deep economic recession due to the US sanctions. Also, the major 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 major impacts observed in the region. Though, countries such as UAE, Saudi Arabia, and Turkey are focusing on the adoption of advanced patient data technologies, the market in rest of the countries are expected to witness considerable decline due to 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. With many healthcare institutions and laboratories under acute pressure, the market for patient registry software is expected to grow at a steady rate in the region.
The market for patient registry software market is segmented into software, database, type of registry, mode of delivery, and pricing model. In 2019, the integrated software segment accounted for the largest share of the Middle East and Africa patient registry software market. The growth of this market is also attributed to the abilities for integrated software to facilitate informed decision-making, confer appropriate scale-up, capability to handle modern day software solutions, manage application program interface and others. Moreover, integrated software solutions eliminate the need for purchasing separate hardware components as they can be integrated with the existing computer systems, making them more cost-effective and user-friendly.
IQVIA Inc., Medstreaming, Open Text Corporation, LUMEDX, IBM Corporation, Mckesson Corporation, and Dacima Software Inc are among the leading companies in the Middle East and Africa patient registry software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in March 2018, IQVIA and MDA, with the help of its advance technology and infrastructure, are aimed to improve the abilities and capabilities of the researchers and health care service providers. Thus, this collaboration will boost the research opportunities focused on the development of novel drugs. Besides, this union of two organizations is expected to benefit the expansion of the pilot registry, which was established by MDA in 2013.
The report segments the Middle East and Africa Patient Registry Software market as follows:
By Software
- Standalone
- Integrated
By Database
- Public
- Commercial
By Type of Registry
- Product Registry
- Disease Registry - Cardiovascular Disease Registry
- Others
- Health Service Registry
By Mode of Delivery
- On-Premises
- Cloud-Based
By Pricing Model
- Ownership
- Subscription
By Country
- Middle East and Africa - UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East and Africa Patient Registry Software Market - Market Landscape
5. Middle East and Africa Patient Registry Software Market - Key Market Dynamics
6. Patient Registry Software Market - Middle East and Africa Analysis
7. Middle East and Africa Patient Registry Software Market Analysis and Forecasts To 2027 - By Software
8. Middle East and Africa Patient Registry Software Market Analysis and Forecasts To 2027 - By Database
9. Middle East and Africa Patient Registry Software Market Analysis and Forecasts To 2027 - By Type of Registry
10. Middle East and Africa Patient Registry Software Market Analysis and Forecasts To 2027 - By Mode of Delivery
11. Middle East and Africa Patient Registry Software Market Analysis and Forecasts to 2027- By Pricing Model
12. Patient Registry Software Market Revenue and Forecasts to 2027 - Geographical Analysis
13. Impact Of COVID-19 Pandemic on Middle East and Africa Patient Registry Software Market
14. Industry Landscape
15. Company Profiles
16. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- IQVIA Inc.
- Medstreaming
- Open Text Corporation
- LUMEDX
- IBM Corporation
- Mckesson Corporation
- Dacima Software Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 127 |
Published | June 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 52.8 Million |
Forecasted Market Value ( USD | $ 112.6 Million |
Compound Annual Growth Rate | 11.4% |
Regions Covered | Africa, Middle East |