Inquire Before Buying - Saudi Arabia Remote Patient Monitoring Market Growth CAGR 18% by 2027

Saudi Arabia Remote Patient Monitoring System Market Research Report: Forecast (2022-2027)

By Component (Devices, Services, Software), By Condition (Cardiovascular Distress, Diabetes, Chronic Obstructive Pulmonary Disease, Blood Pressure, Mental Health, Cancer Treatment,...... Sleep Disorder, Others (Weight Management, Fitness Monitoring, etc.)), By End Users (Hospitals, Ambulatory Surgical Center, Specialty Clinics, Home Care), By City (Riyadh, Jeddah, Mecca, Medina, Al-Hofuf, Others), By Competitors (Welch Allyn, Bosch, Johnson & Johnson, Intel, Roche, Philips Healthcare, Honeywell, American Telecare, Biotronik, Covidien Plc) Read more

Healthcare
Dec 2021
Pages 221
Report Format: PDF, Excel, PPT

Market Definition:

Remote patient monitoring refers to extensive usage of digital health techniques to measure, monitor, and record the key vitals, and other forms of disease-related data of a patient. The information collected is then electronically transferred to the healthcare providers for their instructions and further usage. The scope of the study includes the devices, software, and services altogether.

Market Insights:

The Saudi Arabia Remote Patient Monitoring System Market is projected to grow at a CAGR of around 18% during the forecast period, i.e., 2022-27. The market is driven primarily by the mounting focus of healthcare providers on improving customer experience, government’s push towards economic diversification from crude earnings to support medical tourism, and the integration of disruptive technologies such as AI, Blockchain, etc., in healthcare services to modernize the country's health infrastructure.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	18%
Key Companies Profiled	Welch Allyn, Bosch, Johnson & Johnson, Intel, Roche, Philips Healthcare, Honeywell, American Telecare, Biotronik, Covidien Plc
Unit Denominations	USD Million/Billion

In 2021, the Saudi government announced to invest around USD66 billion in healthcare infrastructure during 2022-30. Around 17% of this budget is likely to be invested in IT integration & upgrades. This massive push to modernization would create significant growth opportunities for remote patient monitoring services providers in the coming years.

In addition, the total number of hospitals in the country stood at around 507 in 2021. Nearly 31% of these hospitals have planned an IT overhaul & upgrade in the coming 3 years, which would comprise the mounting usage of advanced software & platforms.

With around 90% of total investments in the healthcare IT upgrade during 2022-30, the Saudi government would be the major spender on healthcare IT integration, and the remaining amount to be contributed by private healthcare institutions. Hence, a strong association with the government, and future tenders would contribute to the overall market growth.

Covid-19 Turned Out to be a Strategic Inflection Point for the Remote Patient Monitoring Market

Saudi Arabia was one of the most badly hit countries by the Covid-19 pandemic across the Middle East. Strict norms on social distancing extensively reduced mobility & community interactions. Healthcare providers were forced to opt for digital routes to monitor patients. In 2021, patients suffering from cardiovascular distress & diabetes completely outnumbered other patients while adopting remote patient monitoring services. On the other hand, patients with issues related to mental health, sleep deprivation, weight management, fitness monitoring, etc., contributed to the massive market growth in 2020. This rise in the patient count has been catalyzed majorly by the Covid-19 pandemic.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Definition
Executive Summary
Saudi Arabia Healthcare Statistics, 2021
1. Healthcare Budget
2. Ongoing Expansion of Healthcare Infrastructure
3. Medical Tourism
4. Future Investments Roadmap
Saudi Arabia Patient Statistics, 2021
1. Dialysis Patients
  1. Home Dialysis
  2. Clinical Based Dialysis
2. Diabetes Patients
3. Cardiac Patients
4. Cancer Patients
5. Patients with Neural Disorders
6. Others
Impact of COVID-19 on Saudi Arabia Remote Patient Monitoring Market
Saudi Arabia Remote Patient Monitoring Market Trends & Insights
Saudi Arabia Remote Patient Monitoring Market Dynamics
1. Drivers
2. Challenges
3. Impact Analysis
Saudi Arabia Remote Patient Monitoring Market Hotspots & Opportunities
Saudi Arabia Remote Patient Monitoring Market Value Chain Analysis
Saudi Arabia Remote Patient Monitoring Market Regulations & Policy
Saudi Arabia Remote Patient Monitoring Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues
2. Market Share & Analysis
  1. By Component
    1. Devices
      1. Electroencephalography (EEG)
      2. Magnetoencephalograph (MEG)
      3. Transcranial Doppler (TCD)
      4. Pulse Oximeter
      5. Spirometer
      6. Fetal Monitor
      7. Temperature Monitoring
      8. Mobile Continuous Outpatient Telemetry (MCOT)
      9. Electrocardiogram (ECG)
      10. Intracranial Pressure (ICP)
      11. Blood Glucose Monitoring
      12. Blood Pressure Monitor
      13. Others
    2. Services
    3. Software
  2. By Condition
    1. Cardiovascular Distress
    2. Diabetes, Chronic Obstructive Pulmonary Disease
    3. Blood Pressure
    4. Mental Health
    5. Cancer Treatment
    6. Sleep Disorder
    7. Others (Weight Management, Fitness Monitoring, etc)
  3. By End Users
    1. Hospitals
    2. Ambulatory Surgical Center
    3. Specialty Clinics
    4. Home Care
  4. By City
    1. Riyadh
    2. Jeddah
    3. Mecca
    4. Medina
    5. Al-Hofuf
    6. Others
  5. By Company
    1. Revenue Shares
    2. Strategic Factorial Indexing
    3. Competitors Alignment in MarkNtel Competition Quadrants
Saudi Arabia Remote Patient Monitoring Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
Company Profiles
1. Welch Allyn
2. Bosch
3. Johnson & Johnson
4. Intel
5. Roche
6. Philips Healthcare
7. Honeywell
8. American Telecare
9. Biotronik
10. Covidien Plc
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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