Middle East and Africa Wireless Healthcare Market Outlook 2031:
The Middle East and Africa wireless healthcare market size was valued at USD 3.02 Billion in 2022 and is projected to reach USD 21.70 Billion by 2031, expanding at a CAGR of 24.5% during the forecast period 2023 - 2031. Growth of the market is attributed to aging population, long-term chronic disease condition, growing demand for remote patient monitoring, and rapid acceptance of wearable devices.
Wireless systems are manufactured to provide services at suitable time and place, allowing data access and data entry by medical personnel at the hospitals and nursing homes. Wireless healthcare technologies are estimated to generate new industries and applications to deal with healthcare issues in the coming years. Wireless communication and monitoring permits efficient response and patient mobility in emergency situations.
The Covid-19 pandemic affected the demand and supply of Middle East and Africa wireless healthcare market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Middle East and Africa Wireless Healthcare Market Trends, Drivers, Restraints, and Opportunities
- Increasing access to advanced technologies is projected to boost the market.
- Rising adaptation of wireless healthcare in the hospital sector is the major factor fueling the market.
- Increasing issues regarding cybersecurity and privacy is projected to restrict the market expansion during the forecast period.
- Lack of awareness about wireless healthcare is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in Middle East and Africa wireless healthcare market is projected to offer lucrative opportunities for the market players.
Scope of Wireless Healthcare Market Report
The report on the Middle East and Africa wireless healthcare market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Middle East and Africa Wireless Healthcare Market-Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021`
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Forecast Period
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2023-2031
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Segmentation
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Components [Services, Hardware, and Software], Applications [Pharmaceuticals, Home Care, and Hospitals and Nursing Homes]
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Geographical Scope
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Israel, South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Allscripts Healthcare Solutions Inc., Verizon Communication Inc., Extreme Networks Inc., AT&T Inc., Motorola Solutions Inc., Cisco Systems Inc., Samsung Electronics Co. Ltd, Koninklijke Philips NV, Qualcomm Technologies Inc., and Apple Inc.
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Wireless Healthcare Market Segment Insights
The software segment is expected to grow at a rapid pace
Based on components, the Middle East and Africa wireless healthcare market is segregated into services, hardware, and software. The software segment accounts for a key share of the market.
Growth of the market is attributed to rising medical tourism, increasing utilization of connected devices, and rising adaptation of healthcare IT solutions. However, the hardware segment is anticipated to expand at a rapid pace during the forecast period due to factors such as growing need for upgrading existing software, rising number of patients visiting hospitals, and major advances in wireless technologies.
The hospitals and nursing homes segment accounts for a significant share of the market
On the basis of applications, the Middle East and Africa wireless healthcare market is segmented into pharmaceuticals, home care, and hospitals and nursing homes.
The hospitals and nursing homes segment accounts for a key share of the market. Growth of the market is attributed to increasing heart disease rate and increase in the efficiency of medical treatment. The pharmaceuticals segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rise in number of patients visiting hospitals and increasing geriatric population.
The market in Israel is anticipated to hold significant market share
On the basis of regions, the Middle East and Africa wireless healthcare market is categorized as Israel, South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East and Africa.
The market of United Arab Emirates is estimated to expand at a high CAGR during the forecast period due to increasing healthcare expenditure and rapid development in private sector. The market of Israel is estimated to hold significant market share due to growing demand for healthcare industry, correct billing system management, and rapid digitalization in health care sector.
Segments
The Middle East and Africa wireless healthcare market has been segmented on the basis of
Components
- Services
- Hardware
- Software
Applications
- Pharmaceuticals
- Home Care
- Hospitals and Nursing Homes
Geography
- Israel
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
Key Players
Competitive Landscape
Key players competing in the Middle East and Africa wireless healthcare market include Allscripts Healthcare Solutions Inc., Verizon Communication Inc., Extreme Networks Inc., AT&T Inc., Motorola Solutions Inc., Cisco Systems Inc., Samsung Electronics Co. Ltd, Koninklijke Philips NV, Qualcomm Technologies Inc., and Apple Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.
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