Saudi Arabia Remote Patient Monitoring System

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, Oth Read more

  • Healthcare
  • Dec 2021
  • 221
  • HC22080

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.

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.

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

 

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.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition
  2. Executive Summary
  3. Saudi Arabia Healthcare Statistics, 2021
    1. Healthcare Budget
    2. Ongoing Expansion of Healthcare Infrastructure
    3. Medical Tourism
    4. Future Investments Roadmap
  4. 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
  5. Impact of COVID-19 on Saudi Arabia Remote Patient Monitoring Market
  6. Saudi Arabia Remote Patient Monitoring Market Trends & Insights
  7. Saudi Arabia Remote Patient Monitoring Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  8. Saudi Arabia Remote Patient Monitoring Market Hotspots & Opportunities
  9. Saudi Arabia Remote Patient Monitoring Market Value Chain Analysis
  10. Saudi Arabia Remote Patient Monitoring Market Regulations & Policy
  11. 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
  12.  Saudi Arabia Remote Patient Monitoring Market Key Strategic Imperatives for Growth & Success
  13. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
  14. 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
  15. Disclaimer
Saudi Arabia Remote Patient Monitoring System Market Segmentation
*This field is required