Market Size of Telehealth Service Industry in Middle East and Africa
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 25.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Telehealth Service Market Analysis
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.