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Middle East and Africa Wireless Healthcare Market - Growth, Trends, Forecasts (2020 - 2025)
The Middle East and Africa Wireless Healthcare Market is segmented by Component (Hardware, Software, Services), Applications (Hospitals and Nursing Homes, Home Care, Pharmaceuticals), and Country.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2020-2025
Base Year:
2019
CAGR:
21.86 %
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Market Overview
The Middle East and Africa wireless healthcare market is expected to register a CAGR of 21.86% during the forecast period 2020 - 2025. The countries in the region, such as Israel, the United Arab Emirates, and Saudi Arabia, are investing billions of Dollars in wireless technologies, like IoT, for its application across industries and wants to deploy smart and enhanced solutions to lead the region in advanced technologies by 2030, thus driving the growth of the market.
- Due to the aging population and long-term chronic disease conditions, the growing demand for remote patient monitoring solutions is the major factor impacting the growth of the market. There is a constant pressure on hospital administrators to lower costs while continuing to improve the level of patient care. In this environment, hospitals turn to wireless technologies, operate more efficiently, support patient care, and improve their experience.
- In the Saudi Arabian capital of Riyadh, Siemens’ MindSphere Application Centre provides digital solutions spanning several areas, healthcare, and smart cities. In December 2019, the Saudi Arabian Ministry of Health signed an MoU with Huawei to adopt new care models and accelerate business transformation using digital infrastructure in the healthcare industry. Additionally, Saudi Telecom Company (STC) recently launched a joint cloud campus-based smart network service in the country. This is estimated to boost the growth of the market studied.
- Moreover, in the United Arab Emirates, Vocera Communications, a provider for clinical communication and workflow solutions, announced a partnership with the UAE Ministry of Health to standardize care team communication using Vocera technology. The move is a part of a strategic alignment aimed at improving care team collaboration, optimizing operational efficiency, and elevating patient care and safety. The government initiatives by collaborating with ICT companies in the region are among the major trends in the healthcare sector, driving wireless healthcare market growth.
- With the outbreak of COVID-19, the current increased workload of most healthcare systems worldwide, healthcare providers are looking to telemedicine to provide care to more outpatients during the crisis. This led the government agencies are reaching out to big tech companies. With an active lookout for solutions to leverage the use of the existing sensors, smartphones, and wearable devices as contact tracking and health monitoring, incentives are expected to grow to make them more affordable in the near future.
Scope of the report
The wireless healthcare market deals with the use of networking solutions (hardware, software) and services for healthcare applications, such as health monitoring and diagnostics. The scope of the market is comprehensive and is limited to Middle East and Africa.
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Key Market Trends
Increasing Adoption of Connected Devices in Healthcare to Drive the Market Growth
- Connected devices, also know as IoT connected devices, range from hospital imaging equipment to implantable pacemakers and wearables, are helping healthcare providers and patients in various scenarios, such as monitoring vitals, regulating dosages, improving diagnostics, and more.
- Major advances in wireless technology, miniaturization, and computing power are driving innovations in medical technology, leading to the development of an increasing number of connected medical devices that can generate, collect, analyze, and transmit data.
- The data, along with the devices themselves, are creating the Internet of Medical Things (IoMT), a connected infrastructure of medical devices, software applications, and health systems and services. The IoMT is rapidly transforming medical technology’s role and relationship within the healthcare sector. From surgical instruments to pregnancy testing kits, artificial joints, and MRI scanners, the healthcare technology industry designs and manufactures a wide range of wireless products.
- The wearable technology is also disrupting the wireless healthcare industry with the surge in the usage of wearables, starting from Fitbit to the medical devices approved by the Food and Drug Administration (FDA).
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Israel Holds Significant Market Share
- The Israeli government announced to invest over USD 275 million, representing its digital health strategy, aimed toward launching a personalized digital base to store information of up to 9 million citizens in the country.
- The Israeli Ministry of Health has setup HUBriut (Health Hub in Hebrew) to promote digital transformation in healthcare thorough collaborative partnerships with the industry, healthcare sector, and academics. Recently, the government approved digital health as a growth engine project and announced to fund companies to conduct pilot studies in hospitals. The country has over 1,000 startups focused on medical devices and digital healthcare. Till date, it has conducted over 43 pilot studies across 20 hospitals.
- Out of the total investment of USD 275 million, over USD 170 million is planned to be allocated toward the development of essential digital platforms to support researchers, and approximately USD 64 million to support related startups in the country. Such huge government investments in the industry are estimated to drive the market for wireless healthcare in the region.
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Competitive Landscape
The Middle East and Africa wireless healthcare market is moderately fragmented. 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 strategic collaborative initiatives with multiple companies to increase their market share and profitability. Some of the recent developments in the market are:
- March 2019 - Motorola Solution launched MOTOTRBO® Nitro for commercial customers, delivering an end-to-end enterprise communications solution with premium voice communications and lightning-fast private broadband data. With MOTOTRBO Nitro’s a reliable broadband push-to-talk, voice conversations is expected to sound clear and natural. With this new offering Motorola Solutions is expected to maximize its customers in healthcare segment.
- Jan 2019 - Philips announced a range of intelligent, adaptive, and personalized consumer health solutions that help people live healthy lives and be active health consumers. Products, such as the Sonicare teledentistry service, provide consumers with remote dental consultation from licensed dentists within 24 hours. Such innovative products are expected to help the company generate its revenue.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Intensity of Competitive Rivalry
4.3.5 Threat of Substitute Products
4.4 Technology Snapshot
4.4.1 Wireless Personal Area Network (WPAN)
4.4.2 Wi-Fi
4.4.3 Worldwide Interoperability for Microwave Access (WiMAX)
4.4.4 Wireless Wide Area Network (WWAN)
4.5 Market Drivers
4.5.1 Increasing Adoption of Connected Devices in Healthcare
4.5.2 Growing Technological Advancements
4.6 Market Restraints
4.6.1 Lack of Networking Infrastructure
4.7 Assessment of COVID-19 impact on the Market
5. MARKET SEGMENTATION
5.1 Component
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
5.2 Application
5.2.1 Hospitals and Nursing Homes
5.2.2 Home Care
5.2.3 Pharmaceuticals
5.3 Country
5.3.1 Saudi Arabia
5.3.2 United Arab Emirates
5.3.3 South Africa
5.3.4 Israel
5.3.5 Rest of Middle East and Africa
6. COMPETITIVE INTELLIGENCE
6.1 Company Profiles*
6.1.1 Cisco Systems Inc.
6.1.2 Motorola Solutions Inc.
6.1.3 Samsung Electronics Co. Ltd
6.1.4 AT&T Inc.
6.1.5 Koninklijke Philips NV
6.1.6 Extreme Networks Inc.
6.1.7 Qualcomm Technologies Inc.
6.1.8 Verizon Communication Inc.
6.1.9 Apple Inc.
6.1.10 Allscripts Healthcare Solutions Inc.,
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
** Subject to Availability
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