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.

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

Government Digital Health Strategy to Continue Acting as a Roadmap for Future Investments in the Market

The government of Saudi Arabia has already drafted a Digital Health Strategy, which had already implemented several measures during 2010-20. In 2020, the government planned to provide all healthcare facilities to have access to eMR and integration of Telemedicine, Cybersecurity, System Certification, advanced functionalities such as Artificial Intelligence, Analytics, & Models of Care.

However, due to the Covid-19 pandemic, several government plans about continuing healthcare digitalization got delayed and shall be executed in the forthcoming years. In 2021, more than 50% of the government hospitals in the country had EMR solutions implemented, while telehealth services were available in more than 90 jurisdictions out of a total of 134. Moreover, the adoption of telemedicine is also rising at an exponential pace in the country.

Market Segmentation

Based on the Component:

  • Devices
  • Services
  • Software

The demand for Remote Patient Monitoring Devices completely dominated the market and grabbed over 50% share in the country. Pulse Oximeters, Fetal Monitors, Electroencephalography (EEG) headsets, Temperature & Blood Glucose monitoring devices, etc., are the key devices that attained more than 40% market share in 2021, and the same trend is expected to prevail during the forecast period.

Saudi Arabia has one of the fastest-growing diabetic populations across the globe. In 2021, the total number of people with diabetes was around 4.2 million, which shall exceed 7.5 million by 2042. According to the WHO, approximately 20% of the country's population is at risk of premature death due to the increasing prevalence of cardiovascular diseases, diabetes, etc. Around 37% of the population is prone to cardiovascular diseases, 20% diabetes, and 3% to severe chronic diseases. 

On the other hand, the demand for Remote Patient Monitoring Software is projected to register an unprecedented growth in the forthcoming years owing to expanding variety of home care services for diverse diseases.

Based on Condition:

  • Cardiovascular Distress
  • Diabetes, Chronic Obstructive Pulmonary Disease
  • Blood Pressure
  • Mental Health 
  • Cancer Treatment
  • Sleep Disorder
  • Others (Weight Management, Fitness Monitoring, etc.)

The extreme climatic conditions, evolving lifestyle & eating habits, and social distancing norms due to the Covid-19 pandemic across Saudi Arabia have significantly transformed the country's healthcare landscape in the past two years. The number of patients suffering from mental health, sleep disorders, etc., has exponentially increased due to the pandemic, coupled with a constant rise in the ones suffering from cardiovascular distress.

As per the Ministry of Health-Saudi Arabia, around 1.40 million patients suffering from severe diseases were treated across the country and required one or more hospital visits. Amid these skyrocketing numbers, the healthcare institutes in the country are increasingly adopting a hybrid model to serve patients, simultaneously optimizing their cost or investment of physical infrastructure.

Based on End Users:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Home Care

Hospitals to Continue Dominating the Market through 2027

In 2021, the Saudi Arabian remote patient monitoring market was completely dominated by hospitals. The hospitals’ category had a market share of more than 60% in the country in 2021. The demand from specialty clinics and ambulatory surgical centers is showing positive signs of growth. However, the investments from both these end-users would remain relatively low in contrast to the hospitals.

Both private and government hospitals are actively investing in remote patient monitoring. Of the total 290 government-owned hospitals in the country, two-third of the hospitals are working on providing remote patient monitoring, under different phases (as of December 2021). The pace of implementation of remote patient monitoring solutions in private hospitals is comparatively higher than government hospitals.

Market Dynamics:

Key Drivers

Transformations brought by COVID-19 in Saudi Arabia’s Healthcare Industry to Boost the Market

Saudi Arabia has been progressively upgrading its healthcare infrastructure since 2015. However, the developments were put on a temporary halt in 2020 due to the Covid-19 pandemic, which forced healthcare institutes to re-assess their strategies & mode of engagement with patients. As a result, only the patients suffering from severe chronic or life-threatening diseases were granted hospital admissions.

Eventually, a major portion of the patient population was at risk of exposure to improper medical facilities. To avoid the impending disruption due to the pandemic, healthcare institutes started an immediate transition to leveraging advanced technologies to ensure best-in-class patient care. Therefore, remote patient monitoring systems turned out to be one of the solutions.

Saudi Arabia's healthcare industry is undergoing a massive digital transformation. The country has planned to invest around USD2.2 billion in integrating advanced technologies into the healthcare infrastructure. In addition, the country is also planning to spend massively on integrating machine learning & deep learning under its massive revitalization program of healthcare services. A major portion of these investments is expected to be spent by the Saudi government. Moreover, the country is also inviting foreign investments to keep its healthcare services in sync with global standards.

Growth Restraint

Security Issues Associated with Data Transmission over Real-Time Patient Monitoring Platforms

In 2021, data security has been the key issue encountered by the industry stakeholders in the remote patient monitoring system market. The country witnessed more than 7 million cyber-attacks, and a substantial portion of these attacks targeted the healthcare infrastructure to access patients' confidential health-related information. Hence, ensuring proper cyber security would remain a key challenge in the Kingdom where the cyber awareness of healthcare workers is significantly low.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Saudi Arabia Remote Patient Monitoring System Market?
  2. What are the industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Remote Patient Monitoring System Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Saudi Arabia Remote Patient Monitoring System Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Saudi Arabia Remote Patient Monitoring System Market study?

Frequently Asked Questions

A. The Saudi Arabia Remote Patient Monitoring System Market is projected to grow at a CAGR of around 18% during 2022-27

A. The burgeoning demand for Remote Patient Monitoring Devices & Software is anticipated to emerge as an area of remunerative opportunities for the leading players in the Saudi Arabia Remote Patient Monitoring System Market during 2022-27.

A. The growing integration of technologies like the Internet of Things (IoT) & Artificial Intelligence, blockchain, cyber security, etc., under Digital health are the prime aspects anticipated to drive the Saudi Arabia Remote Patient Monitoring System Market in the coming years.

A. The Covid-19 pandemic would have a prolonged repercussion on Saudi Arabia Remote Patient Monitoring System Market. The pandemic has catalyzed the market growth by increasing the healthcare service providers' investments and pushing patients to adopt digital services for their routine follow-ups.

  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