South Africa Patient Monitoring Market Size

South Africa Patient Monitoring Market Analysis

The South Africa Patient Monitoring Market size is estimated at USD 712 million in 2024, and is expected to reach USD 949.23 million by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).

Globally, the COVID-19 pandemic put immense strain on healthcare systems and hospitals, as most medical facilities were understaffed and overworked. Patient monitoring technologies, such as ventilators, aided in monitoring critically ill COVID-19 patients, allowing measures of physiological reserves and indications of therapeutic intervention success during the pandemic, resulting in a favorable market impact.

• COVID-19 raised the demand for patient monitoring in the South African region due to limiting patients' hospital visits. As per an article by World Health Organization published in July 2022, due to an increase in COVID cases, hospitalizations and deaths have increased by 90% to 100% in the last two years. Thus, during the pandemic, emergency admissions in hospitals were increased, and intensive care was provided to patients, which resulted in an increase in the use of patient monitoring devices during COVID-19. However, since the restrictions were lifted, the industry has been recovering well. Over the last two years, the market recovery has been led by the high prevalence of chronic diseases.
• Patient monitoring devices are used to measure certain medical parameters by continuously measuring vital signs and/or repeatedly performing medical tests to ensure the well-being of the patient. In South Africa, chronic diseases like cardiovascular diseases are increasing. According to Globocan 2020, prevalent cancer cases were 262,455 in 2020. Further, the same report projected that the number of cancer cases will reach 175,102 by 2040. With this rising prevalence of cancer in the country, the demand for patient monitoring devices is expected to increase and thus expected to drive the growth of the studied market.
• In addition, according to International Diabetes Federation, in November 2021, the highest rate of diabetes prevalence in Africa was recorded in South Africa, at 11.3% in 2020. Thus, the growing prevalence of diabetes in the country is likely to support the growth of the market.
• Thus, all the above-mentioned factors, such as the rising prevalence of chronic diseases, are expected to boost the market in the country. However, the high cost of technology may restrain the market growth over the forecast period.