Market Introduction
The telemedicine market in the MEA (MEA) is further segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. The market is expected to grow due to rise in the prevalence of chronic diseases, and adoption of telemedicine’s by the developing economies. Saudi Arabia has a stable economy, with a significant portion of the local market with a high spending capacity, sound infrastructure, and a well-regulated banking system. The major political and social issues, along with the country's policy, which is favoring domestic labor, are a significant problem for the FDI. The laws related to intellectual property are not transparent, and the laws are enforcing the segregation of sexes in most business and social settings. Many companies have their approach in the market by starting a facility in the developing region. The rest of the MEA region includes countries such as Qatar, Iran, Iraq, Turkey, Israel, North Africa, and many more. The market is expected to have steady growth in the Telemedicine market due to inadequate access to wound care. However, various healthcare systems are putting their efforts to improve wound management. In addition, the developing healthcare systems in the countries are leveraging the growth of the market. The growth of the market is also supported by the increasing investments and developing healthcare infrastructures. Moreover, the market players are enhancing growth strategies to expand their businesses to these countries, which are expected to show positive growth during the forecast period.
The COVID-19 pandemic has become the most significant challenge in the MEA. The COVID-19 pandemic has had a devastating global impact on the health of the population and a huge economic impact on most countries. The pandemic is providing immense opportunities for telehealth solutions, considering that social distancing is the only existing solution developed so far, which is capable of minimizing exposure. In line with this, telehealth represents an attractive, effective, and affordable option. Moreover, this technology is of critical important to keep healthcare providers safe. Also, while at the global level, up to 70% of countries have responded to the challenges posed by the COVID-19 pandemic with telemedicine. In Africa, governments have set up counselling helplines and increased training for key health responders in basic psychosocial skills. Thus, rising COVID-19 outbreak is likely to boost the growth of the telemedicine market in the MEA during the forecast period.
Market Overview and Dynamics
The telemedicine market in MEA is expected to grow from US$ 2,670.26 million in 2021 to US$ 8,462.12 million by 2028; it is estimated to grow at a CAGR of 17.9% from 2021 to 2028. The rising incidence of chronic diseases is a concern, and these diseases cause extra financial burden on healthcare sectors. Telehomecare is a pioneering way to provide care, monitor patients, and transmit information by using latest telecommunication technologies. Monitoring allows early-stage identification of disease, thus preventing chronic disease conditions. Telehome systems can be used to track and support patients with a variety of respiratory and chronic conditions that can be treated without the need of hospital visits. Furthermore, telehome services could also help reduce communications in person and lower the spread of communicable diseases. The implementation of telehome services also benefits patients economically and lowers the burden on physicians. According to the World Health Organization (WHO), chronic diseases are the leading causes of death worldwide, accounting for 60% of total deaths. Among all chronic diseases, cardiovascular diseases (CVDs) are the leading cause of deaths. The prevalence of chronic diseases such as cancer, CVDs, stroke, respiratory diseases, and diabetes is increasing due to alterations in lifestyle and lack of access to preventive care. The causes of chronic diseases may vary from genetic disposition to environmental factors and oxidative stress. The rising incidence of these chronic diseases is propelling the demand and adoption of telemedicine platforms.
Key Market Segments
MEA telemedicine market is segmented into type, product and services, specialty, delivery mode, and country. MEA telemedicine market, based on the product and services is segmented into software and hardware, tele-consulting, tele-monitoring, and tele-education/training. In 2020, the software and hardware segment held the largest share of the market. MEA telemedicine market, based on the type was segmented into telehospital, and telehome. In 2020, the telehospital segment held the largest share of the market. MEA telemedicine market, based on the specialty was segmented into cardiology, gynecology, orthopedics, neurology mental health (psychiatry) and others. In 2020, the others segment held considerable share of the market. MEA telemedicine market, based on the delivery mode was segmented into mobile, web, and call centers. In 2020, the mobile segment held the largest share of the market. Based on country, the MEA telemedicine market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Saudi Arabia held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the telemedicine market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Allscripts Healthcare Solutions, Inc.; Cerner Corporation; Cisco Systems, Inc.; Honeywell International, Inc.; Insight; Koninklijke Philips N.V.; McKesson Corporation; and Teladoc Health.
Reasons to buy report
MEA Telemedicine Market Segmentation
MEA Telemedicine Market - By Type
MEA Telemedicine Market - By Product and Services
MEA Telemedicine Market - By Specialty
MEA Telemedicine Market - By Delivery Mode
MEA Telemedicine Market - By Country
MEA Telemedicine Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,670.26 Million |
| Market Size by 2028 | US$ 8,462.12 Million |
| CAGR (2021 - 2028) | 17.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Telemedicine Market is valued at US$ 2,670.26 Million in 2021, it is projected to reach US$ 8,462.12 Million by 2028.
As per our report Middle East & Africa Telemedicine Market, the market size is valued at US$ 2,670.26 Million in 2021, projecting it to reach US$ 8,462.12 Million by 2028. This translates to a CAGR of approximately 17.9% during the forecast period.
The Middle East & Africa Telemedicine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Telemedicine Market report:
The Middle East & Africa Telemedicine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Telemedicine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Telemedicine Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)