2014-01-31 04:45:01 - Healthcare IT Market in South Africa 2012-2016 - a new market research report on companiesandmarkets.com
The South Africa Healthcare IT market is to grow at a CAGR of 8.88 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to store patient information and use it to provide appropriate/better healthcare services. The Healthcare IT market in South Africa has also been witnessing the increased application of mobile technology. However, the high capital needed to adopt IT systems/technology could pose a challenge to the growth of this market.
The use of mobile devices such as smartphones and tablets are expected to bring a structural change in the way healthcare providers deal with their patients. Both providers and consumers of healthcare services can benefit from reduced cost and better
care, due to easy access to real time information. Patients may not need to be present in clinics and hospitals every time they need a diagnosis. Moreover, they can be discharged early as they can check their health progress without remaining admitted in the hospital. Medical practitioners can also access data even when they are not present in their offices. This kind of communication will help in better patient care. It will enable patients to be discharged early from hospitals and will also prevent any delay in patients getting admitted to hospitals or nursing homes.
One of the major growth drivers is the need to store and use patient data effectively, in order to provide improved medical services. With an increase in the amount of patient information stored in digital format, the need to securely and effectively retain this data has become a prime motive for healthcare providers.
One of the major challenges confronting the market is the high cost of implementation of IT systems. Decision makers in healthcare enterprises are extremely cautious with their IT investments and will only choose to invest in places where they are sure of high returns on investment in a specified period of time.
The key vendors dominating this space include GE Healthcare, InterSystems Corp., Philips Healthcare, and Siemens Healthcare.
The other vendors mentioned in the report are 3M Co., Aegis Group Plc., Agility Global Health Solutions, Bytes Healthcare Solutions, CS Corp., Gijima Group Ltd., Roche Group, Sekunjalo Healthcare Ltd., and TIBCO software Inc.
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