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The market is segmented by Type of Device, Applications, End-User (Home Care Settings, Clinics, Hospitals), and Geography
An increase in the chronic disease population, and even the increase in the aging population, and demand for home-based monitoring devices are all the major factors driving the growth of the patient care monitoring market in the Middle East and Africa region. Operating home-based devices is becoming simple and hence these are being well known in the middle east and African countries. They are also compact and portable and the patients can wear it all the time without unease. It also ensures that the patient’s condition is monitored all the time.
According to the report published by the Council for Medical Schemes, South Africa, it has been observed that the burden of chronic diseases in Africa is increasing and Hypertension, hyperlipidemia and diabetes mellitus 2 are the highly prevalent diseases in this region. Owing to this factor, there is a growing demand for remote patient monitoring devices.
Despite significant factors driving the wider adoption of remote patient monitoring systems, lack of proper reimbursement policies, and stringent regulatory framework are the challenges faced by the patient monitoring equipment market in the Middle East and Africa region.
Remote patient monitoring technology comprises day-to-day monitoring devices, such as glucometers for patients with diabetes and heart or blood pressure monitors for patients getting cardiac care. Information can be sent to a physician's workplace by using telehealth communication links, by using a software application installed on the patient's internet-capable computer, smartphone, or tablet.
|By Type of Device|
|Other Types of Monitors|
|Weight Management and Fitness Monitoring|
|Home Care Settings|
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It has been observed that in South Africa, around 5 people have a heart attack and 10 people have heart stroke every hour, as stated by the Heart and Stroke Foundation, South Africa. Also, heart disease is responsible for almost 1 in 6 deaths (17.3%) in South Africa and around 215 people die every day from heart disease or strokes in this country.
Added to that, it has been indicated that Cardiovascular Disease is a leading cause of death in the Middle East region. For instance, Saudi Heart Association has stated that one in five deaths in the United Arab Emirates (UAE) is due to a heart attack.
Looking at the above-mentioned statistics, it is understood that there is a high burden of heart disease in the Middle East and Africa region which is the prime factor responsible for the rising demand of heart monitors in this region which is expected to fuel the growth of the market.
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The remote patient monitoring market in the Middle East and Africa is moderately consolidated and several medical device manufacturers are operating in the market along with several specialized remote patient monitoring equipment manufacturers. The industry is moderately competitive and there is a growing trend of partnerships and agreements between the industry participants and other medical device manufacturers in order to incorporate remote patient monitoring functionalities in their devices.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidences of Chronic Diseases Due to Lifestyle Changes
4.2.2 Rising Demand for Home-based Monitoring Devices
4.2.3 Need to Contain Healthcare Expenditure
4.3 Market Restraints
4.3.1 Resistance from Healthcare Industry Professionals Toward the Adoption of Patient Monitoring Systems
4.3.2 Lack of Proper Reimbursement
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type of Device
5.1.1 Heart Monitors
5.1.2 Breath Monitors
5.1.3 Hematology Monitors
5.1.4 Multi-Parameter Monitors
5.1.5 Other Types of Monitors
5.2 By Application
5.2.1 Cancer Treatment
5.2.2 Cardiovascular Diseases
5.2.3 Diabetes Treatment
5.2.4 Sleep Disorder
5.2.5 Weight Management and Fitness Monitoring
5.2.6 Other Applications
5.3 By End-User
5.3.1 Home Care Settings
5.4.1 Middle East and Africa
18.104.22.168 South Africa
22.214.171.124 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alere Inc.
6.1.2 Boston Scientific
6.1.4 GE Healthcare
6.1.5 Honeywell International Inc.
6.1.6 Medtronic Plc
6.1.7 Nihon Kohden Corporation
6.1.8 Koninklijke Philips N.V.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments