Middle East and Africa Telemedicine Market Size and Growth Rate:
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.
According to market research analysts at Research Cosmos, Telemedicine Market size was valued at USD 5,557.35 million in 2018 and this figure estimated to cross USD 1, 25,372.05 Million by the end of 2025, and it is growing at a CAGR of 0.28% during the forecast period 2018-2025
Telemedicine overcomes the barrier of distance by providing medical care through information technology and telecommunications. It makes health services more accessible, especially in remote rural areas where medical care is not always available, mainly because of its location. Telemedicine allows effective communication between medical personnel and patients and facilitates the transmission of critical health and medical information. It plays a vital role in saving lives, especially in emergencies and critical situations. Due to its fundamental application in the health system, the Middle East and Africa telemedicine market is expected to grow with a healthy compound annual growth rate during the forecast period.
Telemedicine can be used in applications such as orthopedics, neurology, internal medicine, first aid, cardiology, gynecology and dermatology. Dermatology has dominated the market with more than 25% of the overall revenue. The nervous system is expected to grow the fastest in the Middle East and Africa telemedicine market over the next several years due to increased neurological complications such as Alzheimer's disease, Parkinson's disease, and others. Cardiology and emergency treatment are another important area that plays an important role in the market.
Growth Drivers and Restraints:
The Middle East and Africa Telemedicine market has gained a lot of traction in the remote management of patients for the treatment of chronic diseases. Telemedicine is the service where health care problems are handled by teleconference or telecommunication, for example, through consultation. This helps doctors analyze, diagnose, treat patients and prescribe medications. The market for Middle East and Africa telemedicine is being driven by the growing trend of remote patient monitoring, healthcare spending, technological advances and the growing number of cases of chronic diseases. However, it is expected that some uncomfortable factors in the market will slow down growth in the future, such as the high initial capital requirement, the low implementation of telemedicine, inappropriate reimbursement policies and the lack of qualified workers.
In addition to tele-health communicates with the patient, there is a high risk of violating the security and confidentiality laws. Since such interactions include physical communication with patients, there is also a risk that unnecessary information will be revealed to the wrong person, which is the unauthorized disclosure of information in accordance with the HIPAA privacy rule. To reduce these incidents, tele-health providers must have solid and reliable means to authenticate and verify the identity of the physician and the patient during each practice. In the current market scenario, there is a shortage of such identity authentication methods. It is also believed that tele-health encounters are vulnerable to signal errors, third-party interference and interrupted transmissions. These cases should lead to the interruption of communication, the loss of data, the modification of important medical instructions, which, together with other risks, should lead to violations of the security and confidentiality of the law.
Regional Insights of Middle-East and Africa Telemedicine Market:
Based on geography, the Middle-East & Africa region is another important region of the telemedicine market and is expected to experience the fastest development during the forecast period. The Middle-East & Africa market is segmented into major regions namely, Middle-East and Africa. Population growth and the increasing incidence of chronic diseases will stimulate the market, particularly in South Africa. South Africa is one of the few countries in the Middle-East & Africa region that offers universal health insurance to all its citizens.
Prominent Companies Dominating the Market analyzed in this report are:
- Medtronic, Inc.
- McKesson Corp
- AMD Global Telemedicine
- GE Healthcare
- Aerotel Medical Systems
- Honeywell Lifesciences
- CISCO Systems, Inc.
- Philips Healthcare
- Cerner Corporation
This research report includes following segmentation for the Middle-East and Africa Telemedicine Market size and forecast until 2025:
Middle-East and Africa Telemedicine Market – By Type:
Middle-East and Africa Telemedicine Market – By Point of Services:
- Distance Education
Middle-East and Africa Telemedicine Market – By Specialty:
Middle-East and Africa Telemedicine Market – By Geographical Segmentation: