The Egypt healthcare IoT
market is anticipated to grow at a steady CAGR in the forecast period,
2023-2027. The market growth can be attributed to the growing deployment of
digital systems for monitoring and analyzing health problems. Besides,
emergence of innovative technologies that supply safe and effective healthcare
and rising focus on active patient engagement and patient-centric care with
advanced solutions are some of the factors propelling the growth of the Egypt
healthcare IoT market. In 2022, the internet users in Egypt reached 75.66
million, which accounts for 71.9% of the total population. Wider and better internet
accessibility and surge in awareness to adopt the wearable devices have led to
the growing adoption of wearable healthcare devices to track real-time
information such as blood pressure, cholesterol, blood sugar, and others.
Rising incidences of chronic disorders and growing awareness among consumers
regarding health are also propelling the demand for IoT devices for self-measurement
of health vitals, which is adding to the growth of the Egypt healthcare IoT
market. Rising number of government initiatives to promote digital health by
investments ranging from setting up the requisite infrastructure to implementing
regulations mandating the application of electronic health records. In 2022,
the Ministry of Planning and Economic Development started ‘Decent Life’
initiative, allocating LE 45.9 billion (USD2.4 billion) plan for renovating
healthcare services nationwide in FY2022/2023. Furthermore, market players are
working on IoT cloud-based solutions to speed up the adoption of IoT-based
medical services. However, increasing implementation of IoT in the healthcare
industry is adding to the growing risk of data security and privacy. Hence,
data vulnerability associated with the IoT devices might restrict the growth of
the Egypt healthcare IoT market.
Growing Acceptance of
Self-health Monitoring Solutions to Aid Market Growth
According to the World
Health Organization official Randa Abul-Naga, more than 70% of deaths in Egypt
are due to chronic disorders such as diabetes, cardiovascular disorders,
cancer, etc. Chronic disorder management requires frequent diagnosis and
monitoring of health vitals, which contributes to rising healthcare costs for
consumers and growing burden on clinics and hospitals. As people are becoming
more aware of the benefits of self-health management solutions such as reduced
healthcare expenses, efficient management of chronic disorders, etc., they are
increasingly incorporating IoT devices in their lifestyle to keep their health
in check. Smartwatches, ECG monitors, blood pressure cuffs, glucose monitoring
devices are witnessing an increased consumer adoption. Many new healthcare
applications have emerged in recent years that have turned into personalized
health clinics for the consumers. As the healthcare IoT devices will become
more sophisticated, the percentage of consumers using them is likely to expand
in Egypt.
Rising Trend of Telehealth
and Telemedicine to Boost Adoption of IoT in Healthcare
Telehealth and
telemedicine have become new paradigm in healthcare, changing the way
healthcare providers see and treat their patients. Some of the latest
innovations in telemedicine integrate artificial intelligence that enable
providers to work more efficiently and keep patients connected. Earlier
confined to just video conferencing, now the next generation of telemedicine
tools have more to offer. For instance, now clinicians can use natural language
processing that automatically take notes during a consultation. With robotic
technology, specialists can weigh in from afar during emergency procedures,
which allows both patients and providers to avoid high-risk environments. With
the rising internet penetration, the demand for telemedicine and telehealth
solutions would increase, which is likely to propel the growth of Egypt
healthcare IoT market.
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Market Segmentation
The Egypt healthcare IoT market is
segmented by component, application, end user, and
region. Based on the component, the market is divided into medical devices,
systems and software, services, and connectivity technology. Based on
application, the market is divided into telemedicine, clinical operation &
workflow management, medication management, connected imaging, and others.
Based on end user, the market is differentiated into healthcare providers,
patients, government authorities, and others. Regionally, the Egypt healthcare IoT
market is divided into Cairo, Alexandria, Giza, Qalyubia, Port Said, and Suez.
Market Players
Key players operating in the Egypt healthcare
IoT market are Schneider Electric, Siemens AG, Microsoft Corporation, Oracle
Systems Corporation, Amazon, Inc., International Business Machines Corporation,
Cisco Systems Inc., among others.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Component
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Application
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End User
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Regional scope
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Cairo, Alexandria, Giza, Qalyubia, Port Said, Suez
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Key companies profiled
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Schneider Electric, Siemens AG, Microsoft Corporation, Oracle
Systems Corporation, Amazon, Inc., International Business Machines
Corporation, Cisco Systems Inc
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, the Egypt healthcare IoT
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Egypt IoT Healthcare Market, By Component:
- Medical Devices
- Systems and Software
- Services
- Connectivity Technology
- Egypt IoT Healthcare Market, By Application:
- Telemedicine
- Clinical Operation & Workflow Management
- Medication Management
- Connected Imaging
- Others
- Egypt IoT Healthcare Market, By End User:
- Healthcare Providers
- Patients
- Government Authorities
- Others
- Egypt IoT
Healthcare Market, By Region:
- Cairo
- Alexandria
- Giza
- Qalyubia
- Port Said
- Suez
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Egypt healthcare IoT market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Egypt healthcare IoT market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]