Saudi Arabia Telemedicine Market to Grow Due to Technological Advancement until 2026
Rising adaption of technological
advancement in healthcare is driving the growth of Saudi Arabia Telemedicine
Market, in the forecast period, 2022-2026.
According to TechSci report on, “Saudi Arabia Telemedicine Market By Component
(Hardware, Software, Service {Tele-Consulting, Tele-Monitoring, Tele-Education,
Tele-Training, Others}) By Deployment Mode (On-Premises v/s Cloud) By Type
(Telehospitals, Telehomes, mHealth) By Application (Telepathology,
Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, Others) By End
User (Hospitals & Clinics, Homecare, Others) By Region, Competition
Forecast & Opportunities, 2026”,
Saudi Arabia telemedicine
market has shown promising growth in historical
years until 2019 and is expected to continue its growth in upcoming forecast
years 2021 to 2026. Saudi Arabia telemedicine market owes its growth to the
factors like rising technological advancement in the healthcare industry. The
availability of the services and solutions for the consumer demands is
supporting the growth of the market in the next five years. Increasing
prevalence of chronic diseases and growing need for the patient management is
expected to further substantiate the growth of the Saudi Arabia telemedicine
market in the next five years. Additionally, growing telecommunication network
in the country is also actively influencing the consumer’s preference toward
telemedicine thus supporting the growth of the Saudi Arabia telemedicine market
in the future five years of forecast, until 2026.
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The
Saudi Arabia telemedicine market is segmented by component, deployment mode,
type, application, end user, competitional landscape, and regional
distribution. Based on deployment mode, the market is further segmented on the
into on-premises, cloud. On-premise deployment method is expected to register
maximum revenue shares in the future five years on the account of factors like
direct access to care delivery. The on-premise care can be through telephonic
(mobile) or visualized care (internet video calling) giving procedures. These
methods are cost effective, easier to access and more personal and comforts the
patient in having assured of the care provisions through professionals. Cloud
based services include technologically advanced solutions. The surging demands
due to increased awareness among the patients and their relatives is driving
the growth of the market segment and is expected to support the market growth
too. With increasing cases of immediate care requirements and rapidly evolving
artificial intelligence is driving the substantial growth of the market
segment. These factors are anticipated to support the market growth in the
future five years.
Based
on component, the market is further bifurcated into hardware, software, and
services. Hardware component is anticipated to be the largest revenue
generating segment of the market. The market segment growth can be attributed
to the rapidly increasing demand of the medical devices and pharmaceutical
products available in the market. Moreover, products like medical peripheral
devices, webcams, speakers, microphones, display screens, videoconferencing
devices, laptops, and monitors are some of the portable devices that are
although expensive, but still their upsurged demand supports the growth of the
market in the upcoming five years. Services sub-segment of the market is
further bifurcated into tele-consulting, tele-monitoring, tele-education,
tele-training, and others. Tele-monitoring differentiation is expected to
register major revenue shares out of the other sub-segment on the account of
increasing geriatric population that requires home-based assistance and related
services. Whereas government initiatives for telehealth implementation projects
and high demand for video conferencing solutions is expected to substantiate
tele-consulting market segment and further support growth of the Saudi Arabia
telemedicine market in the upcoming five years.
A
partial list of market player in the Saudi Arabia telemedicine market includes
Aster DM Healthcare, Sesneber International, GE Healthcare (Saudi Arabia),
Medtronic Saudi Arabia, Cisco Saudi Arabia Limited Company, Cerner Corporation
Saudi Arabia, Altibbi, among others. These market players hold larger shares of
the market than the new market players. With the evolving technology, it is
appropriate to say that the effective research and development of the
technologically advanced instruments and methods to satisfy consumer demands
would support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide such products and services that satisfies the consumer demand as well
as benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
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“The
Saudi Arabia telemedicine market experienced severe effects of COVID-19 in the
past few years. The effects are expected to last for another one or two years.
While the pandemic situation, inclined the consumers to make the purchases for
the medical devices and pharmaceuticals for their home care, the rapid increase
is expected to slow down a bit in future but pick up its pace again in the
latter half of the forecast. New market players must invest into detailed
research and technological advancement for their brand establishment,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi
Arabia Telemedicine Market By Component (Hardware, Software, Service {Tele-Consulting,
Tele-Monitoring, Tele-Education, Tele-Training, Others}) By Deployment Mode
(On-Premises v/s Cloud) By Type (Telehospitals, Telehomes, mHealth) By
Application (Telepathology, Telecardiology, Teleradiology, Teledermatology,
Telepsychiatry, Others) By End User (Hospitals & Clinics, Homecare, Others)
By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi
Arabia telemedicine market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia telemedicine
market.
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