An increase in the chronic disease population, and even the increase in the aging population, and demand for home-based monitoring devices are all the major factors driving the growth of the remote patient monitoring market in the Middle East and Africa region.
According to the report published by the Council for Medical Schemes, South Africa, it has been observed that the burden of chronic diseases in Africa is increasing and Hypertension, hyperlipidemia and diabetes mellitus 2 are the highly prevalent diseases in this region. Owing to this factor, there is a growing demand for remote patient monitoring devices.
Despite significant factors driving the wider adoption of remote patient monitoring systems, lack of proper reimbursement policies, and stringent regulatory framework are the challenges faced by the patient monitoring equipment market in the Middle East and Africa region.
Key Market Trends
Heart Monitors are Expected to Witness a Rapid Growth During the Forecasted Period
It has been observed that in South Africa, around 5 people have a heart attack and 10 people have heart stroke every hour, as stated by the Heart and Stroke Foundation, South Africa. Also, heart disease is responsible for almost 1 in 6 deaths (17.3%) in South Africa and around 215 people die every day from heart disease or strokes in this country. Added to that, it has been indicated that Cardiovascular Disease is a leading cause of death in the Middle East region. For instance, Saudi Heart Association has stated that one in five deaths in the United Arab Emirates (UAE) is due to a heart attack.
Looking at the above-mentioned statistics, it is understood that there is a high burden of heart disease in the Middle East and Africa region which is the prime factor responsible for the rising demand of heart monitors in this region which is expected to fuel the growth of the market.
Competitive Landscape
The remote patient monitoring market in the Middle East and Africa is moderately consolidated and several medical device manufacturers are operating in the market along with several specialized remote patient monitoring equipment manufacturers. The industry is moderately competitive and there is a growing trend of partnerships and agreements between the industry participants and other medical device manufacturers in order to incorporate remote patient monitoring functionalities in their devices.
Reasons to Purchase this report:
According to the report published by the Council for Medical Schemes, South Africa, it has been observed that the burden of chronic diseases in Africa is increasing and Hypertension, hyperlipidemia and diabetes mellitus 2 are the highly prevalent diseases in this region. Owing to this factor, there is a growing demand for remote patient monitoring devices.
Despite significant factors driving the wider adoption of remote patient monitoring systems, lack of proper reimbursement policies, and stringent regulatory framework are the challenges faced by the patient monitoring equipment market in the Middle East and Africa region.
Key Market Trends
Heart Monitors are Expected to Witness a Rapid Growth During the Forecasted Period
It has been observed that in South Africa, around 5 people have a heart attack and 10 people have heart stroke every hour, as stated by the Heart and Stroke Foundation, South Africa. Also, heart disease is responsible for almost 1 in 6 deaths (17.3%) in South Africa and around 215 people die every day from heart disease or strokes in this country. Added to that, it has been indicated that Cardiovascular Disease is a leading cause of death in the Middle East region. For instance, Saudi Heart Association has stated that one in five deaths in the United Arab Emirates (UAE) is due to a heart attack.
Looking at the above-mentioned statistics, it is understood that there is a high burden of heart disease in the Middle East and Africa region which is the prime factor responsible for the rising demand of heart monitors in this region which is expected to fuel the growth of the market.
Competitive Landscape
The remote patient monitoring market in the Middle East and Africa is moderately consolidated and several medical device manufacturers are operating in the market along with several specialized remote patient monitoring equipment manufacturers. The industry is moderately competitive and there is a growing trend of partnerships and agreements between the industry participants and other medical device manufacturers in order to incorporate remote patient monitoring functionalities in their devices.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alere Inc.
- Boston Scientific Corporation
- Biotronik
- GE Healthcare
- Honeywell International Inc.
- Medtronic Plc
- Nihon Kohden Corporation
- Koninklijke Philips N.V.
- Masimo Corporation
Methodology
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