Telemedicine Market: GCC Analysis, Opportunities and Forecast to 2030
Infinium Global Research’s recent report on the “GCC Telemedicine Market (Type - Live Video-conferencing, Store-and-forward Or Asynchronous Video, Remote Patient Monitoring, And Mobile Health Or Mhealth; Clinical Service - Teleradiology, Telecardiology, Teleconsultation, Teledermatology, Telesurgery, Telepathology, And Telepsychiatry; Technology - Software, Hardware, And Telecom; Mode Of Delivery - Cloud-based Delivery, And On-premise Delivery): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030” provides a comprehensive outline of the factors responsible for the growth of the market.
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With the advancements in information technology (IT), it has been found to be useful in a wide range of industrial sectors. Applications of IT in the healthcare industry have given rise to a completely new market called healthcare IT. The telemedicine market is one of the fastest growing branches of healthcare IT. Telemedicine offers various communication tools to healthcare professionals. Telemedicine solutions improve doctor-patient interaction by reducing physical barriers. These solutions include various services and systems that help healthcare providers to serve their patients. Healthcare professionals as well as patients are adopting telemedicine solutions as they offer more convenience and save time and money. Moreover, the increasing prevalence of health disorders across GCC countries is majorly driving the market growth for telemedicine. The cases of acute and chronic disorders such as infections, allergies, heart problems, and cancers are rapidly growing in GCC. Furthermore, the growing penetration of the internet and smartphones is further augmenting the GCC telemedicine market.
The outbreak of the novel coronavirus has significantly stressed the healthcare infrastructure across GCC. This is anticipated to encourage hospitals, clinics, and other healthcare providers to adopt remote consulting solutions such as telemedicine. The adoption of telemedicine solutions among healthcare professionals increased rapidly during the pandemic. The governments across GCC countries imposed strict lockdown orders. The concern over the infection along with the government lockdowns compelled people to stay inside their homes. Thus, people avoided visiting outdoors, which encouraged them to adopt telemedicine solutions. Moreover, the prevalence of acute disorders increased during the COVID-19 pandemic. The growing number of COVID-19 cases and other infections augmented the telemedicine market over the period of the pandemic. Furthermore, patients who recovered from COVID-19 reported to have developed symptoms such as fatigue, allergies, and sleep problems. The rise in the prevalence of such disorders among recovered patients increased the demand for telemedicine solutions.
Higher Preference of Patients Towards Hospitals to Drive the Demand for Telemedicine
In terms of clinical services, the GCC telemedicine market is categorized into teleradiology, telecardiology, teleconsultation, teledermatology, telesurgery, telepathology, and telepsychiatry. Among these, the teleconsultation segment held the largest share in the telemedicine market in 2020 and it is expected to dominate during the forecast period. Teleconsultation is a synchronous or asynchronous consultation that uses information and communication technology to eliminate the geographical and functional distance between the medical professional and the patient. Teleconsultation ensures timely access to medical information, diagnosis and treatment process quality improvement, increased physician trust, and significant improvement in the total quality of health care. Moreover, the adoption of teleconsultation increased over the period of the COVID-19 pandemic. The COVID-19 cases in GCC increased rapidly during 2020. The governments imposed strict regulations across the region to control the spread of the pandemic. Due to the restrictions and concerns over the infection, many people stayed indoors and used remote services. Teleconsultation provided a rapid alternative to the face-to-face clinical visits during the pandemic. Furthermore, the governments supported the use of teleconsultation services during the pandemic to avoid gathering, as well as, to maintain the health of the citizens. This, in turn, augmented the growth of teleconsultation segment in the GCC telemedicine market.
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Telemedicine Market to Register Several Product Launches Over the Forecast Years
The telemedicine solutions have grown rapidly over the past few years due to the government healthcare legislation mandating the adoption of healthcare IT systems. Companies that are engaged in the telemedicine marketplace, and competitors have been consolidating with a rise in collaboration, mergers, and acquisitions. For instance, in July 2021 Cerner, Primary Health Care Corporation (PHCC), and Hamad Medical Corporation (HMC) collaborated to offer telehealth platform. This alliance is anticipated to provide superior quality and safe care for patients throughout Qatar.
Companies such as Abu Dhabi Telemedicine Centre, Okadoc, Granteq, Ubieva LLC (Cura), King Faisal Specialist Hospital & Research Center, Sihaty, AlTibbi, Helium Health (Meddy), Medcare Hospital, and Cerner are the leading market players. Furthermore, companies are focusing on offering new innovative products to remain competitive in the marketplace. Infinium Global Research’s recent report on the GCC telemedicine market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the leading players that have contributed greatly to the growth of the market and also estimates the impact of product innovations, similar to that of the aforementioned product on the global market.
Saudi Arabia Region to Generate Highest Revenue in the GCC Telemedicine Market
Among the regions, Saudi Arabia held the largest share in the GCC telemedicine market owing to the continued leadership of the kingdom in healthcare IT solutions. Saudi Arabia is one of the key contributors to the overall telemedicine market growth during the forecast period as it is a developed and technologically advanced country. The growing number of cases of acute and chronic disorders in the country is further augmenting the adoption of telemedicine solutions in Saudi Arabia. Moreover, UAE is likely to closely follow the growth of Saudi Arabia and is expected to register the fastest growth rate over the forecast period. Higher economic growth coupled with changing demographics and shifting consumer expectations are expected to significant healthcare transformation combined with the adoption of telemedicine solutions in this region.
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Reasons to Buy this Report:
=> Comprehensive analysis of regional markets of GCC telemedicine.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and market size forecast up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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