Middle East and Africa IoT Healthcare Market is segmented By Component (Medical Devices, Systems and Software, and Services), By Application (Telemedicine, Clinical Operations and workflow management, Inpatient Monitoring, Connected Imaging, Medication Management, and Others), By End User (Hospitals and Clinics, Clinical Research Organizations, Research and Diagnostic Laboratories), and By Country (KSA, UAE, Israel, Soth Africa, Rest of Middle East and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Middle East and Africa IoT Healthcare Market Overview
The Middle East and Africa IoT Healthcare Market is expected to grow at a CAGR of 16% during the forecast period 2023-2030.
IoT (Internet of Things) in healthcare refers to the use of connected devices and sensors to gather and transmit data among healthcare practitioners, patients, and medical devices. The objective is to improve healthcare delivery while also increasing patient participation and satisfaction and improving overall results. IoT monitors patient health in real-time in the healthcare industry, assisting in the improvement of telehealth infrastructure and bridging the gap between digital and physical data.
IoT helps healthcare providers improve patient care, manage personnel, and comply with laws. IoT-connected devices have allowed remote monitoring in the healthcare business. The Internet of Things (IoT) is redefining healthcare by altering how gadgets and people interact while giving healthcare solutions. IoT applications in healthcare benefit patients, families, physicians, hospitals, and insurance companies.
Middle East and Africa IoT Healthcare Market Scope and Summary
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Metrics |
Details |
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CAGR |
16% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (US$) |
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Segments Covered |
Component, Application, End-User. |
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Countries Covered |
KSA, UAE, Israel, Soth Africa, Rest of Middle East and Africa |
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Largest Country |
UAE |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Middle East and Africa IoT Healthcare Market Drivers
Growing concerns about healthy living, as well as an increase in investment in the healthcare business, have all contributed to the growth of the IoT Healthcare market in the Middle East and Africa. The coronavirus pandemic has raised the global demand for personal protective equipment (PPE) kits and masks. As a result, the regional market has grown at a rapid pace.
In addition, IoT Healthcare is being rapidly integrated into local hospitals and medical centres. Government regulations focusing on personal safety are critical aspects that have aided corporate development in this sector. Manufacturers are focusing the majority of their IoT investments on solutions that assist operations and production asset management. Local governments in Middle East nations are also investing heavily in the IoT healthcare business. This lavish expenditure is expected to promote the business and generate significant demand. Increased demand for wearable gadgets is also propelling the sector forward.
Middle East and Africa IoT Healthcare Market Segmentation Analysis
The Middle East and Africa IoT healthcare market is segmented by component, application, and end user.
Among applications, the telemedicine segment is predicted to contribute to the majority of IoT in the healthcare sector. The segment's huge market share may be ascribed to the increased use of telemedicine by healthcare practitioners and consumers for convenience in diagnosis and treatment. In telemedicine, a patient utilizes IoT technology, such as wearable devices, to transmit real-time data to healthcare specialists, which may aid in early illness detection, boosting its popularity. During the COVID-19 epidemic, the dependence on telemedicine rose tremendously.
According to CDC statistics, telehealth visits grew by 50% in the first quarter of 2020 compared to the same time in 2019. Furthermore, telemedicine can provide high-quality healthcare at a low cost by reducing hospital visits, expanding access to healthcare services in rural areas, lowering the risk of pathogen exposure, particularly for children and the elderly, and facilitating access to specialists for treatment.
Middle East and Africa IoT Healthcare Market Regional Share
By region, the Middle East and Africa IoT healthcare market is segmented into KSA, UAE, Israel, Soth Africa, Rest of Middle East and Africa.
The United Arab Emirates (UAE) is presently promoting Dubai as a major healthcare centre. The local government is attempting to increase this market as a vacation attraction by offering end-to-end healthcare services. The Dubai Healthcare Authority (DHA) has transformed the Dubai Health Experience (DXH) into a distinguished brand to market digitally, with the goal of developing Dubai as the world's top medical tourism destination.
The Kingdom of Saudi Arabia (KSA) is also pursuing its Vision 2030 plan, with healthcare at the forefront. This area's healthcare sector is estimated to be valued at 27 billion USD by the end of 2020, providing enormous development opportunities for IoT healthcare businesses in this region.
Middle East and Africa IoT Healthcare Market Companies
The major players contributing to the Middle East and Africa IoT healthcare market growth include 3M, Cardinal Health, Medline Industries, Ansell ltd., AMD Medicom, Alpha Pro Tech, and Medisca Inc.
