London, 24 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the healthcare IT market in the UAE 2015-2019, which is expected to grow at a CAGR of 11.12% during the forecast period of 2014-2019.
Overview of Healthcare IT Market in UAE
Increasing instances of diseases in this region is expected to boost the prospects for growth in the IT healthcare market. The UAE has less number of people who can operate high-end medical technologies and, therefore, companies have to incur high costs while training professionals for these roles. Since the UAE is known for its leading healthcare facilities, the number of new hospitals is expected to increase during the forecast period. This, in turn, will augment the adoption of advanced software, hardware, and associated services, which is expected to bolster the demand for IT in this region.
“Patient registry software is used to maintain a database for collecting secondary data related to patients. It provides timely and effective medical care by allowing physicians and staff to analyze patients’ health, diagnosis, and treatment records,” says Faisal Ghaus, Vice President of Technavio.
“This software is used to access patients’ historic health records such as radiology and pathology, and physical examination results and lab reports to ensure effective medical care and treatment to patients along with reduced healthcare costs.”
Key Market Drivers:
- Increased Government Support.
- Concept of Health 2.0 Social Media in Healthcare Market.
- Shortage of IT Experts and Doctors.
Key Market Trends:
- Adoption of Patient Registry Software.
- Increasing Scope of M-health.
- Popularity of Automation by Healthcare Providers.
Key Market Vendors:
- Cerner Corp.
- GE Healthcare
- Hewlett-Packard Company Corp. (HP)
- IBM Corp.
- OCSHI Solutions & Services
- Siemen Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
