UAE Telemedicine Market to Grow with Impressive CAGR Until 2027
UAE Telemedicine Market is
anticipated to grow with increasing investments in the healthcare advancements,
in the forecast period, 2023-2027F.
According to TechSci Research report on, “UAE
Telemedicine
Market - By Region, Competition
Forecast & Opportunities, 2027”, UAE telemedicine
market might register an impressive CAGR during the forecast period, 2023-2027,
to establish growth due to factors like developing healthcare services in the
country through technological advancements. Surging demand for the expert
consultation and online & internet-based services are driving the growth of
the UAE telemedicine market in the upcoming five years.
Increasing instances of chronic diseases like
cardiovascular diseases, neurological diseases, cancer, etc. are also
responsible for the increasing cases of teleconsultation, telepathology, etc.
services thereby supporting the growth of the UAE telemedicine market in the
next five years. Increasing demand for data storage, maintaining patient
database in cloud form, and transfer of data to share information through
internet services with efficient & quick availability of the services, is
also aiding the growth of the market.
Telemedicine also plays a vital role in bringing
world class healthcare services to the experts present in the country. Through
telepathology services, surgical clinical urgencies and demand for better and
faster patient care services can be fulfilled thereby driving the market growth
in the future five years.
COVID-19 played a major role in popularizing the
telemedicine all around the world. The pandemic situation restrained the
in-patient medical services, thus diversion of patients toward internet and cloud-based
services aided market growth.
Also, increasing government initiatives and growing
investments in the healthcare industry for the advancement of the services and
technology would substantiate the growth of the UAE telemedicine market in the
forecast yeas through 2027.
Surging demands for providing world-class
healthcare services, therapeutic opportunities, advanced treatment processes,
and better diagnostic services even to the remote areas of the country is also
aiding the growth of the UAE telemedicine market in the forecast period.
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TOC on "UAE Telemedicine Market"
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The UAE telemedicine market is segmented by
component, deployment mode, type, application, end user, competitional
landscape, and regional distribution. Based on component, the market is further
segmented into hardware, software, and service. Service sub-segment further
involves tele-consulting, tele-monitoring, tele-education, tele-training, and
others.
Service segment is anticipated to hold the largest revenue
shares of the market and dominate the market segment in the upcoming five years
on grounds of growing demands from the population for internet-based healthcare
services. Advancing technologies and consistent research are expected to
support the growth of the software segment of the market. Hardware segment may
also register significant growth in the upcoming five years due to increasing
demands for the smart healthcare monitoring devices and wearable devices like
health monitors, etc.
Deployment mode segmentation of the market is
differentiated between on-premises and cloud deployments. On-premises
deployment of the services are expected to dominate the market segment and hold
largest revenue shares of the market in the next five years due to its cost-effectiveness,
and advantages like easier to access and
more personal and comfortable for the patient in having assured of the care
provisions through professionals.
Cloud
based deployment of services are highly in demand due to increased patient count
and thus the higher demands from the hospitals and clinics to maintain a
patient database for future references. Also, through the shared cloud service,
the patient can access their medical histories online and may approach other
medical practitioner, or facility for related consultation or second opinions.
Based on type, the market is bifurcated into
telehospitals, telehomes, and mHealth. Telehomes are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the upcoming
five years on the grounds of increasing instances of chronic diseases.
Chronic patients require consistent monitoring over
their general health along with the disease management purposes. Increasing
demands for the post-operative recovery monitoring, or pre-op monitoring of
general health like regular check over blood pressure, blood sugar, etc. drives
the growth of the UAE telemedicine market in the forecast years.
A partial list of major market players of the UAE Telemedicine
Market includes:
·
Abu Dhabi Telemedicine Centre
·
Health at Hand
·
TruDoc 24x7
·
InstaPract HealthTech IT Solutions LLC
·
Doxy.me LLC
·
Medcare
·
NextGen Healthcare
·
VSee
·
OKADOC
·
vHealth
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“UAE healthcare industry
is expanding and demand for advanced technology, innovative idea, and product
development is anticipated to support the growth of the UAE telemedicine market
in the future five years. Improved patient care management with telemedicine,
patient’s quality life and reduced healthcare spending would aid the future UAE
telemedicine market in the next five years. Hospitals & diagnostic
laboratories are anticipated to upsurge higher use of telemedicine due to
increasing instances of chronic diseases. Higher prevalence of complicated
surgeries and increasing demand for storage of patient database along with
increasing patient burden also support the growth of the UAE telemedicine
market. New market players may invest in technological advancement and
promoting the services for their future brand establishments,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE Telemedicine
Market By Component (Hardware, Software, Service {Tele-Consulting,
Tele-Monitoring, Tele-Education, Tele-Training, Others}), By Deployment Mode
(On-Premises v/s Cloud), By Type (Telehospitals, Telehomes, mHealth), By
Application (Telepathology, Telecardiology, Teleradiology, Teledermatology,
Telepsychiatry, Others), By End User (Hospitals & Clinics, Homecare,
Others), By Region, Competition Forecast &
Opportunities, 2027” has
evaluated the future growth potential of UAE telemedicine 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 UAE telemedicine market.
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