Middle-East & Africa Telemedicine
Market Overview:
The Middle-East
and Africa Telemedicine Market was valued at USD 1.21 billion in 2018 and
projected to reach USD 3.75 billion by 2025 growing at a CAGR of 18.08% during
the forecast period 2018 to 2025.
Drivers, Challenges and
Opportunities:
The
Middle-East & Africa telemedicine market is
accelerating due to the growing trend of remote patient monitoring, medical
expenses, technological advances and chronic cases. The main engine of the
market is the high incidence of chronic diseases and the increase in the demand
for personal attention. It is also expected that the costs will be reduced due
to the increased demand for Internet applications, virtual medicine and
centralized medical care. The industry is driven by three concepts that include
home-based health in real time and store and deliver virtual medicine.
Real-time telemedicine establishes real-time contact between patients and
health workers through electronic media, mainly video conferencing. This concept,
also known as synchronous telemedicine, which can range from simple telephone
conversations to complex robot surgeries. This is one of the key factors of
success in increasing costs.
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There
are many factors that hinder the market and can stop future growth, such as
initial capital requirements, inadequate telemedicine practices, inadequate
reimbursement policies, and inadequate workplaces.
However,
it is expected that technological improvement to augment the health services
will generate new opportunities for the growth of the Middle-East & Africa telemedicine market.
Market Segmentation:
The Middle-East & Africa telemedicine market can be
divided into application areas that include orthopedics, neurology, internal
medicine, emergency care, cardiology, gynecology and dermatology. Dermatology
dominated the market with a share of more than 25% in the overall revenue.
Neurological disorders such as Alzheimer's disease, stroke and Parkinson's
disease appear to be the fastest developing segments of the telemedicine
market. Cardiology and emergency care are other key areas that play an
important role in the global market.
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Geographic
Segmentation:
The Middle East and Africa market is divided into the
regions of the United Arab Emirates, Kuwait, Qatar, South Africa, Egypt and
others. Currently, South Africa is the largest shareholder of the telemedicine the market in this region.
Some of the key players in the Middle-East & Africa market include Cerner Corporation,
Honeywell Life Care Solutions, McKesson Corporation, Medtronic, Inc., Robert
Bosch Healthcare and Cisco Systems, Inc.
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