MEA Telehealth Service Market Analysis
The Telehealth Service Market in Middle East and Africa Industry is expected to register a CAGR of greater than 25% during the forecast period.
Telecommunication technology paved the way for a revolution in the healthcare sector with smartphones, computers, and the internet. Telehealth can be defined as the remote delivery of clinical as well as non-clinical services through telecommunication and digital communication technologies. It is also used by medical practitioners for various telemedicine services (consultation, mentoring, and monitoring), for the training of medical staff, for administrative meetings, and for imparting medical education.
The Middle East Telehealth Market is expected to register significant growth in the coming timeframe on the back of the virtual healthcare platform. The platform on the digital economy is benefitting the healthcare sector to leverage technology for enhanced agility in the face of environmental disruptions and to create innovative business orientation models for a new normal, purpose-driven, inclusive, and sustainable future growth in the foreseeable timeframe.
Covid-19 has had a positive impact on the telehealth industry in the Middle East and Africa. The awareness of telehealth has increased rapidly during Covid-19 because of lockdowns and isolations and people have started adapting to it to avoid the virus contamination which has resulted in high demand in this market.
In terms of its healthcare system, the Middle East was already 'on a transformational journey' even before the COVID-19 pandemic, with a more recently amped-up timeline. Although telehealth is currently a small sector within the overall healthcare market, it is one of the fastest-growing, recently aided by healthcare reforms. Experts predict that virtual healthcare will become the new normal in the Middle East, even after COVID-19 slows down.
MEA Telehealth Service Market Trends
Growing demand of mhealth Applications
Mobile health (mHealth) refers to the different methods or practices to support healthcare and medical services using mobile technologies to monitor a variety of chronic conditions such as heart disease, diabetes, autism, insomnia, and asthma. mHealth aims to empower patients with information and management of their own health to promote outcomes improvement through enhanced decision-making, to help reduce costs, increase access throughout the system, and supply data for predictive modeling of at-risk populations.
The gradual shift to the digital healthcare system for analysis and management of patient health has resulted in the rapid growth of this market. The Middle East and Africa (MEA) mHealth medical apps segment is anticipated to grow with the largest share due to a rise in demand for quality healthcare services & solutions, an increase in acceptance of mHealth practices, a surge in demand for improved patient safety, and patient care, and an increase in government initiatives to promote e-health. The surge in the adoption of smartphones, tablets, and other mobile platforms is driving the growth of the market.
Rise of HealthCare Consumer Segment market
The Healthcare Consumer segment dominated the market with a share of more than 39.5% in 2021. This is because patients seek telemedicine services for various purposes starting from mild or moderate health issues to emergencies.
The company various solutions such as Concierge Medicine, Dermatology, Family Medicine, Internal Medicine, Mental Health, Paediatrics, Physical Therapy, Primary Care, Psychiatry (ER), Radiology, Skilled Nursing Facilities, Speech Therapy, and Urgent Care. Dermatology has dominated the market with more than 25% of the overall revenue.
The demand for telemedicine is increased due to Covid-19 as the Government instructed people to stay at home during the pandemic. Telemedicine offers convenience for healthcare providers, in terms of quick access to patient records, decision support, improved workflows, and analytics. eHealth solution offers great convenience to healthcare professionals, in terms of patient scheduling and data management.
MEA Telehealth Service Industry Overview
The report covers the major players operating in the Telehealth Service Market in the Middle East and Africa. The market is moderately consolidated, and it is expected to grow in the forecast period due to low penetration in the Telehe industry and due to the Covid-19 Pandemic, the demand for healthcare facilities provided at homes has increased.
The major players with a significant share in the market are expanding their customer base across various regions. Players are involved in product development and product innovation by using new technology.
MEA Telehealth Service Market Leaders
Honeywell life Care Solution
Medtronic Inc
AMD telemedicines Inc.
Lifewatch
Aerotel Medical Systems Ltd.
- *Disclaimer: Major Players sorted in no particular order
MEA Telehealth Service Market News
- July 2022- Medtronic announced that they are going to expand its Medtronic Health Equity Assistance Program for colon cancer screening in medically underserved communities across the United States. This will be done with support from Amazon Web Services (AWS). GI Genius units will be provided as part of the program since they have increased from 50 to 133 systems being placed at 62 facilities.
- July 2022- Rhino Health USA was acquired by Honeywell to support the U.S operations for nitrile gloves which serve healthcare, industrial, and government customers. Honeywell will be helping with its manufacturing, supply chain, and personal protective equipment (PPE) technical knowledge to help Rhino Health USA accelerate its overall production capacity.
