Press Release

UAE Telehealth Market Expanding at a CAGR of 25% during 2023-2028

The UAE Telehealth Market is projected to grow at a CAGR of 25% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. These flourishing requirements are attributed to growing factors such as Rapid development in telecommunication technology, the surging prevalence of chronic diseases like hypertension and diabetes for continuously monitoring patient’s conditions, and the rising market penetration of smart gadgets.

Additionally, the region has occurred as a considerable hub for promoting healthcare and medical tourism, which has gained widespread popularity. However, the outbreak of the COVID-19 pandemic restricts travel and tourism, which is likely to hamper the market growth. On the other hand, advanced features such as remote patient monitoring, store-and-forward, real-time interaction, etc., experienced the remunerative growth of the industry. Along with this, the implication of the pandemic showcases a positive impact on the existing software by offering attractive, cost-effective, and efficient solutions.

Furthermore, the rapid digitalization, and rising privatization in the healthcare industry have witnessed the emergence of tech leaders, and promoted the improvement in telemedicine and patient monitoring. Apart from this, the mounting need for expanding healthcare access using AI-based analytics, Electronic Medical records, healthcare robots, and chatbots drive the development of the UAE Telehealth market, further states the research report, “UAE Telehealth Market Analysis, 2028.”

UAE Telehealth Market Segmentation Analysis

Service Segment Attained the Highest Market Share

Based on the Component segment, the market is further bifurcated into, Hardware (Medical Peripheral Devices (Blood Glucose Meter, Pulse Oximeters, Blood Pressure Monitors, ECG Monitors, Other (Weight Scale, and Peak Flow Meters)), Telemedicine Monitors), Services (Remote Patient monitoring (RPM), Store-and-Forward, Real-time interaction), Software. The service segment seized a substantial growth share of the UAE Telehealth Market in the previous years. This is owing to the increasing elderly population, which experiences trouble from moving one place to another, this facilitates accelerating the requirements for home assistance. Moreover, the growing emergence of Avant-grade services such as applications comprises flexible and home comfort consultation and healthcare by examining symptoms, diagnosing non-emergency cases, appointment booking, etc., favoring the proliferation of the UAE Telehealth Market.

Telemedicine Showcase Innovative Measures to Gain Incredible Demand

Based on the Application segment, the market is further bifurcated into, Telemedicine, Patient Monitoring, and Medical Education. Telemedicine holds the highest potential share of the UAE market, owing to the primary factor, i.e. growing adoption of remote healthcare delivery. Nowadays in UAE, telemedicine seeks comprehensive attention that results in more hospitals providing consultations through smart apps and video platforms. This is the reason behind the incorporation of telemedicine into healthcare, which further facilitates reducing hospitalization rates and clinic visits.

Moreover, the extensive utilization of telemedicine eases the physician to issue electronic prescriptions for laboratory and radiology tests. This E-prescribing permits accurate and error-free prescriptions directly to a pharmacy from the point of care. This is successful and powered by the impact of the global pandemic, which compelled residents of the emirates for virtual consultation and therefore accelerates the lucrative growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Doxy.me, Insta doctor, Medcare, Mubadala Health, NextGen Healthcare, OKADOC, Trydoc 24x7, vHealth, VSee, and Others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

• What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• What key factors would propel and impede the industry across the region?
• How has the industry been evolving in terms of geography & product adoption?
• How has the competition been shaping across various countries?
• How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?