Middle-East & Africa Telemedicine Market Strategies and Outlook Analysis to 2025 | Research Cosmos
Middle-East & Africa Telemedicine Market Overview:
The Middle-East and Africa Telemedicine Market was valued at USD 1.21 Million in 2018 and projected to reach USD 3.75 Million 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 improvements 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 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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