Saudi Arabia Telehealth Market is expected to grow at a 7.47% CAGR

The rising penetration of the internet and innovation in smartphones is enabling to address the gaps in the delivery and availing of telehealth services conveniently.

 

According to TechSci Research report, “Saudi Arabia Telehealth Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, the Saudi Arabia Telehealth Market is expected to register 7.47% CAGR during the forecast period. The country covered is color-coded and fully sourced. To increase data transparency, the interactive excel deliverable covers the epidemiology-based indications, procedure volumes, installed base, new sales volumes, product usage, average selling prices and market size (wherever available).

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

This is an on-demand report that will be delivered upon request. The report will be delivered within 1 business day of the purchase, excluding weekends and holidays. Certain sections of the report may be removed or altered based on data availability and relevance. Reliable broadband connectivity is critical to provide seamless telehealth services. The American Telehealth Association Practice Guidelines recommends a minimum bandwidth of 384 Kbps or higher for telehealth services.Lack of confidence in the reliability of the existing network is considered as one of the major reasons for the slow adoption of these technologies. For instance, a survey of healthcare executives in the U.S. found that the provision of telehealth services fails 15% of the time, majorly due to bandwidth issues. The same survey found that 70% of the respondents consider the availability of reliable digital infrastructure as critical for adopting these services.Also, the lower penetration of the internet in the low-and-middle-income countries when compared to the developed nations limits the access to these services thereby is likely to impede the adoption. Although healthcare facilities are investing in these initiatives and programs, there is a gap between the budget required and earmarked for providing these initiatives.

 

Browse over XX market data Figures spread through 86 Pages and an in-depth TOC on the "Saudi Arabia Telehealth Market."

 

Chronic diseases such as diabetes are common in Saudi Arabia. Chronic diseases are long-term, persistent illnesses that require regular medical attention and management. Increased detection and diagnosis will control the spread of such chronic diseases. This is primarily achieved through modern healthcare IT technologies such as electronic health records (EHRs). EHRs allow healthcare professionals to access and update patient information quickly and easily, which can be particularly important for patients with chronic conditions who require ongoing care. Also, telemedicine can help patients with chronic conditions to access healthcare services from their homes. Moreover, for managing chronic conditions effectively, remote patient monitoring is particularly helpful. This technology allows healthcare professionals to monitor patients' vital signs and other health metrics remotely. Thus, the above-mentioned factors are expected to increase the demand for healthcare IT services, which will boost the growth of Saudi Arabia healthcare IT market during the forecast period.

 

Key market players in the Saudi Arabia Telehealth Market are: -

• Koninklijke Philips N.V
• GE Healthcare
• Cerner Corporation (Oracle)
• Siemens Healthineers
• Medtronic
• Teladoc Health Inc.
• American Well
• MD Live
• Doctor On Demand
• Global Med

 

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“”The market share growth by the services sector will be significant during the forecast period. The Saudi Arabia healthcare IT market has been growing rapidly as the government recognizes the importance of technology in ensuring efficient and effective healthcare delivery. There are several services that are currently being offered in the market, including electronic health records, telemedicine, health information exchange (HIE), and patient engagement solutions. Telehealth has been successful in overcoming the distance barrier and ensuring healthcare delivery in remote locations. The majority of the population, especially in underdeveloped countries, lives in rural areas without access to quality healthcare. Hence, the governments of many countries are now focusing on providing healthcare facilities in rural areas through virtual care platforms.Further, the governments are developing pilot projects and policies, favoring the market's growth. For example, in March 2020, the Federal Communications Commission in the U.S. established programs to help healthcare institutions deploy telemedicine technology. Moreover, the governments of several nations support incorporating electronic Intensive Care Units (e-ICU), which permit remote patient monitoring through two-way cameras, high-speed internet and electronic devices. Thus, extensive governmental support and the implementation of favorable policies to encourage these solutions are anticipated to boost the market growth during the forecast period. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Telehealth Market Segmented by Product Type (Software, Services), By Delivery Mode (Cloud-based, Web-based), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Saudi Arabia Telehealth Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Telehealth Market.

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