Middle East and Africa Remote Patient Monitoring Market

Market Introduction

Middle East & Africa remote patient monitoring market is analyzed based countries such as Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. The Saudi Arabia is accounting for the largest market share in the region. Saudi Arabia is among the well-developed economies, which have the fastest-growing medicals sector. The country invests more in developing its healthcare facilities across the country. The annual spending on healthcare has increased by 21.1% in the last nine years. The country has the presence of various international players that operates in Saudi Arabia. The rising prevalence of cardiovascular diseases is of the major concern in Saudi Arabia. It is hindering the social aspects of life as well hindering the economy. As per the report published by the Saudi Gazette stated that the prevalence of cardiovascular diseases in the Saudi Arabia accounted nearly 36% of deaths whereas nearly 13% of disability were on account of cardiovascular diseases. Therefore, it is expected that demand for the patient monitoring devices is likely to grow in the forecast period. The Saudi market for medical devices is projected at just under USD 2 billion and is growing annually, approximately 10 percent. Greater awareness of health issues and increasing consumption of healthcare services sustain a substantial market for medical equipment.

The Middle East & Africa includes countries like the UAE, South Africa and Saudi Arabia have also registered many positive coronavirus infection cases. These regions are developing in terms of the healthcare and medical service industry. The countries in these regions are highly dependent on medical devices and pharmaceutical products imported from developed countries. Therefore, countries have faced several challenges with their requirements for patient monitoring devices due to severe disruption in supply chains. The COVID-19 treatment and health monitoring procedures have been developed and are efficiently used to reduce the death rate due to COVID-19. The respiratory and cardiac monitoring remote devices is readily available on online retail platforms such as the online pharmacy and other online retail outlets. The governments in the world are upgrading patient monitoring systems to tackle the challenges during COVID-19 patients. For instance, the Dubai Health Authority utilizes a Masimo Patient SafetyNet system capable of wireless transfer of patients' data from monitoring devices such as Masimo Root with the Radical-7, wearable Radius-7, Pulse CO-Oximeter. Thus, availability and use of advanced patient monitoring devices in the developing countries and regions are expected to have a positive impact on the markets.

Market Overview and Dynamics

The remote patient monitoring market in Middle East & Africa is expected to grow from US$ 1,464.74 million in 2021 to US$ 8,975.23 million by 2028; it is estimated to grow at a CAGR of 29.6% from 2021 to 2028. With a rise in cases of chronic illnesses such as diabetes and hypertension, there has been a rise in health awareness among population. Also, in recent days, there has been a significant rise in the number of individuals suffering from heart related disorders. These factors have led to increase in the importance of maintaining health among the population in the developed and developing nations. The demand for various health monitoring devices for tracking health status has increased significantly in the recent years. Also, there has been a rise in number of specialty clinics and home healthcare business in the region. Saudi Arabia which is anticipated to propel the adoption of remote patient monitoring devices during the forecast period. Also, due to an increase in the disposable income as well as the rate of urbanization in the leading economies such as the Saudi Arabia, the market is expected to experience growth opportunities. The use of handheld and wearable devices for monitoring vital signs has been increased among the old age population as well as millennial. Owing to the growth in awareness regarding health, the market for remote patient monitoring devices is anticipated to witness significant growth during the forecast period.

Key Market Segments

In terms of type, the devices segment accounted for the largest share of the Middle East & Africa remote patient monitoring market in 2021. In term of end user, provider segment held a larger market share of the remote patient monitoring market in 2021.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the remote patient monitoring market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Koninklijke Philips N.V.; Nihon Kohden Corporation; Medtronic; General Electric; Cerner Corporation; Siemens Healthineers AG; Boston Scientific Corporation; Omron Healthcare; and Abbott among others.

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Middle East & Africa Remote Patient Monitoring Market Segmentation

Middle East & Africa Remote Patient Monitoring Market – By Type

• Software
  • Cloud
  • On-Premise
• Devices
  • Cardiac Monitoring Devices
  • Neurological Monitoring Devices
  • Respiratory Monitoring Devices
  • Multiparameter Monitoring Devices
  • Blood Glucose Monitoring Devices
  • Fetal and Neonatal Monitoring Devices
  • Weight Monitoring Devices
  • Other Monitoring Devices
• Services

Middle East & Africa Remote Patient Monitoring Market – By End User

• Providers
  • Hospitals
  • Home Care Settings
  • Ambulatory Care Centers
  • Others
• Payers
• Patients
• Others

Middle East & Africa Remote patient monitoring market – By Country

• Saudi Arabia
• South Africa
• The UAE
• Rest of Middle East & Africa

Middle East & Africa Remote patient monitoring market – Companies Mentioned

• Medtronic
• Koninklijke Philips N.V.
• Boston Scientific Corporation
• Abbott
• OMRON Corporation
• Siemens Healthineers AG
• Nihon Kohden Corporation                                    
• General Electric Company
• Cerner Corporation

Middle East and Africa Remote Patient Monitoring Market Strategic Insights

Middle East and Africa Remote Patient MonitoringMarket Report Highlights

Middle East and Africa Remote Patient Monitoring Market Country and Regional Insights