Number of pages: 100 | Report Format: PDF | Published date: October 13, 2022
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
2670.26 Million |
Growth Rate |
CAGR of 17-18 % from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Segments covered |
Type, Products & Services, Specialty, and Countries |
The Middle East & Africa telemedicine market was pegged at US$ 2,670.26 million in 2021 and is expected to witness a CAGR of 17-18% during the forecast period.
Market Fundamentals
Telemedicine or telehealth is the provision of medical services and information using electronic communication and information technology. This technology enables remote admissions as well as long-distance patient and doctor interactions. Patients who live in remote or inaccessible places can benefit through this technology. Furthermore, patients who are confined to their homes can access medical care without having frequent trips to hospitals. The Middle East and Africa telemedicine market is anticipated to expand with a strong compound yearly growth rate during the projected period due to its fundamental use within the health system.
Market Dynamics
The Middle East & Africa telemedicine market is driven by increasing advancements in telecommunications, and rising prevalence of chronic diseases which requires frequent doctor consultations. Additionally, government authorities are developing new policies and strategies to increase awareness, and affordability. However, storage of huge amount of data and connection challenges are some of the factors limiting the expansion of the telemedicine market in this region.
Market Ecosystem
The Middle East & Africa telemedicine market has been analyzed from four perspectives: type, products & services, specialty, and countries.
Telemedicine Market by Type
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Based on type, the Middle East & Africa telemedicine market is bifurcated into telehospital and telehome. The telehospital segment is currently leading the market. Telehospitals offer practice management with telehealth software. The software features include telemedicine capabilities, patient portal functionality, prescription report functionality, laboratory information system functionality, and appointment scheduling. The demand for telehospitals is increasing in Middle East & Africa region due to the growing population base, and its inclination toward telehospital services. Moreover, people in remote or rural areas are preferring telehospital services for better guidance, and easy accessibility.
Telemedicine Market by Products & Services
The Middle East & Africa telemedicine market according to products & services is segmented into software & hardware, tele-consulting, tele-monitoring, and tele-education/training. The software & hardware segment dominates the market. This growth is attributed to existence of significant number of service providers promoting market expansion. Digital health service providers enable better communication, more convenient care for patients, and precise diagnosis of chronic conditions with real-time solutions. Additionally, integration of software solutions enables healthcare facilities to prioritize cases and reduce hospital visits.
Telemedicine Market by Specialty
Based on specialty, the market is classified into teleradiology, telecardiology, telepsychiatry, telepathology, teledermatology, telegynecology, others. Teleradiology segment holds major market share. This growth is owing to factors such as high preference of teleradiology in hospitals, and healthcare practices in complex cases to seek a second opinion and detailed evaluation. The practice also eliminates frequent travels which makes it cost-efficient. Furthermore, a large population's restricted access to large hospitals, the MEA region has several medical centers in isolated distant locations that lack experienced radiographers. This difficulty is real time challenge to get the right diagnosis, which aggravates the patient's condition. Therefore, simultaneous teleradiology practices play significant role in this situation. The telepsychiatry segment is expected to show high growth in the forecast period.
Telemedicine Market by Country
By country, the telemedicine market has been segmented into Saudi Arabia, Turkey, South Africa, and rest of Middle East & Africa. The Saudi Arabia region dominates the market. Major factors supporting the growth in this region are government support to healthcare-based business, startups, and significant funding by government authorities to promote telemedicine. For instance, the National Health Information Center has launched Saudi Telehealth Network Initiative to connect advanced healthcare facilities with primary health care centers, and hospitals in rural, and remote areas. This has enhanced the quality of healthcare services and made them budget friendly. The South Africa region is likely to show high growth in the forecast period. This growth is attributed to factors such as rise in remote consultations supported by an increase in the frequency of chronic diseases. Furthermore, rising healthcare costs, technological advancements in the industry, and high efforts to find a solution to the accessibility issues for the healthcare sector in remote areas is expected to increase in the market growth potential in the forecast period.
Competitive Landscape
Some of the prominent players operating in telemedicine market are
The MEA telemedicine market was pegged at US$ 2,670.26 million in 2021 and is expected to witness a CAGR of 17-18 % during the forecast period.
Some of the prominent players operating in telemedicine Market are Koninklijke Philips N.V.; Cerner Corporation; Siemens Healthineers; Medtronic Plc; Cura Healthcare Pvt. Ltd; Altibbi; CISCO Systems; McKesson Corporation; Teladoc Health, Inc.; and eClinical Works LLC among others.
The Middle East & Africa telemedicine market is driven by increasing advancements in telecommunications, and rising prevalence of chronic diseases requiring frequent doctor consultations. Additionally, government authorities developing new policies and strategies to increase awareness, and affordability.
*Insights on financial performance are subject to the availability of information in the public domain