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Wednesday, January 7, 2015

Investment in ICT to boost healthcare markets in MEA

Investments in the Information and Communication Technology (ICT) sector are anticipated to boost the four core healthcare markets of Middle East and Africa over five years, reports NaijaAgroNet

Latest study made available to NaijaAgroNet by International Data Corporation (IDC), spending on Information Technology (IT) services and products among healthcare providers in Saudi Arabia, South Africa, Turkey, and the United Arab Emirate (UAE) will grow by 70 per cent over the next five years, expanding at 11.2 per cent Compound Annual Growth Rate (CAGR) over the five-year period from 2013 to 2018.

NaijaAgroNet also gathered that spending priorities based on the study by IDC will be strongly driven by healthcare policy mandates and efficiency improvement needs. 

In the context of a pronounced shortage of IT expertise among healthcare organizations, NaijaAgroNet reports that IDC Health Insights expects the demand for IT services to continue to rise in all four markets. In fact, IT services will be the fastest growing segment of the healthcare providers' market, with particularly intense growth projected in Saudi Arabia and the UAE.

Additional highlights from the data showed that spending on mobile devices and networking equipment will contribute significantly to overall hardware spending growth in all four markets.
In the software segment, NaijaAgroNet reports that system infrastructure software still accounts for the largest share of total external IT spending. 

While clinical information systems, NaijaAgroNet gathered, makes up the smallest share but will post the fastest growth at 13.5 per cent annually.

Nino Giguashvili, senior research analyst for IDC Health Insights, confided in NaijaAgroNet that all the four markets are set to grow at an impressive rate, stressing "While these markets present exceptional opportunities to healthcare IT suppliers across the whole ecosystem, it is the right time to focus on mobile solutions to healthcare providers' organizational needs, and MEA's healthcare challenges overall."

The study further gathered by NaijaAgroNet indicates IDC's Middle East and Africa Healthcare Provider 2013 IT spending and 2014–2018 Forecast provides IT spending data and forecasts for 15 technologies and five countries (Saudi Arabia, South Africa, Turkey and the United Arab Emirates).

Anulekha Shetty of the Public Relations told NaijaAgroNet that the study has been designed to help IT suppliers identify short and long-term opportunities and for health providers to assess the state of the market.

Isaac Oyimah/GEE
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