Market Forecast By Type (Tele Hospitals, Tele Homes, Mhealth (Mobile Health)), By Component (Product (Hardware, Software, And Other Product), Services (Teledermatology, Teleradiology, Telecardiology, Telepsychiatry, And Other Services)) And Competitive Landscape
|Product Code: ETC037240||Publication Date: Mar 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
UAE Telehealth Market has been growing rapidly in recent years with the growing adoption of digital technologies, rising healthcare costs, and a growing need for remote healthcare services. The UAE government has been actively supporting the expansion of the telehealth market in the country. Telehealth companies are partnering with healthcare providers and insurance companies to expand their services and reach more customers. Additionally, several telehealth companies in the UAE are constantly innovating and introducing new technologies to improve their services. Moreover, the UAE telehealth market has been attracting significant investment from local and international investors.
The UAE Telehealth Market has been experiencing significant growth in recent years due to various factors. For instance, the UAE government has been proactive in promoting telehealth services and has launched various initiatives to support the growth of the sector. The UAE is known for its advanced technological infrastructure and has been investing heavily in developing digital health solutions. The widespread availability of high-speed internet and cloud computing has made it easier for healthcare providers to offer telehealth services. The UAE government has been increasing its healthcare spending in recent years, with a focus on improving healthcare outcomes and infrastructure. These initiatives will create further opportunities for the telehealth industry in UAE.
The UAE Telehealth Market report is a part of the Middle East Telehealth Market that thoroughly covers the market by Types, Components and regions. The Telehealth Market outlook report provides an unbiased and detailed analysis of the ongoing UAE Telehealth Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The UAE Telehealth Market is expected to witness double-digit growth projections in the coming timeframe. The market value is expected to outperform in the upcoming six years on the back of a rise in the advent of digitization. With a market value worth a double-digit billion number, the market is anticipated to reach a triple-digit revenue value and is expected to register significant growth in the next decade. This significant rise in market value can be attributed to the rising adoption of digitalized and virtual platforms underpinned by superior growth patterns in the healthcare sector. The geriatric population consumes around 40% to 50% of the total healthcare facilities costs and tends to contribute four times towards the spending on medical facilities as compared to younger adults. The low reimbursements by the government as a result of cost-shifting to the private payers has led to an increased burden on the hospitals to look for better and premium medical facilities, especially for the elderly and has led to a hike in the costs in the healthcare sector and increased demand for technical aid in the sector as a result of changing lifestyles of the urban and suburban population across the globe. Reduced time travel, reduced costs and shared healthcare professional staffing offered by the telemedicine platform have made it an ideal launch of the present times.
According to 6Wresearch, the UAE Telehealth Market is expected to register cumulative growth throughout the forecast period 2020-2026. The outbreak of the COVID-19 disease has led to the massive growth of the Telehealth market globally. The unprecedented disruption of the pandemic has led to the rising need for agility, transformation and adaptability of telehealth solutions. Backed by the massive spread of the disease, as corporate firms and even schools came down to the work-from-home solution, the healthcare sector has also adopted remote consultation as an increasingly innovative method to win the bid to combat the spread of the novel coronavirus. The spread of the virus has brought the telehealth market a new light. The market which was at a nascent stage with limited access even in developed countries such as the UAE pre-COVID period as a result of poor infrastructure has witnessed a spur by the effect of the virus. The outbreak has no doubt been proved evident to be a potential growth driver for the telehealth market globally backed by the reliability it is offering along with increased knowledge of the technology in the world which as a result is going to increase in the coming years, once the technology completes almost 90 per cent operation remotely and is expected to shape its competitive market landscape in the near future.
UAE Telehealth Market is expected to register the maximum growth in the upcoming six years as a result of the rising initiatives by the country’s government towards the implementation of state of art healthcare aid and is expected to be of great significance for the fortunate business of the UAE telehealth market in the coming years and is anticipated to be a growth proliferating factor for the UAE telehealth market in the coming years. With the increase in the technical aid over the digital platform, the healthcare sector is no doubt, lacking behind and is taking keen interest and initiative for services which in a long run are anticipated to be proven evident for the growth and the development of the healthcare sector and the services provided by the same. The other growth contributing factor for the UAE telehealth market can be attributed to the cost-effectiveness and the remote consultation convenience provided by the virtual healthcare platform, especially for the geriatric population.
On the basis of components, the service segment accounted for the highest share in the overall UAE Telehealth Market owing to rapid advancement in hardware and software along with the upgradation of software. Rising demand for monitoring of chronic illness is driving the UAE Telehealth market growth.
Some of the key players in the UAE Telehealth Market
The UAE Telehealth Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1. Report Description|
|2.2. Key Highlights|
|2.3. Market Scope & Segmentation|
|2.4. Research Methodology|
|3. UAE Telehealth Market Overview|
|3.1. UAE Telehealth Market Revenues, 2016-2026F|
|3.2. UAE Telehealth Market Revenue Share, By Types, 2019 & 2026F|
|3.3. UAE Telehealth Market Revenue Share, By Components, 2019 & 2026F|
|3.5. UAE Telehealth Market Revenue Share, By Regions, 2019 & 2026F|
|3.6. UAE Telehealth Market Industry Life Cycle|
|3.7. UAE Telehealth Market- Porter’s Five Forces|
|4. UAE Telehealth Market Dynamics|
|4.1. Impact Analysis|
|4.2. Market Drivers|
|4.3. Market Restraints|
|5. UAE Telehealth Market Trends|
|6. UAE Telehealth Market Overview, By Types|
|6.1. UAE Telehealth Market Revenues, By Tele Hospitals, 2016-2026F|
|6.2. UAE Telehealth Market Revenues, By Tele Homes, 2016-2026F|
|6.3. UAE Telehealth Market Revenues, By mHealth (Mobile Health), 2016-2026F|
|7. UAE Telehealth Market Overview, By Components|
|7.1. UAE Telehealth Market Revenues, By Product, 2016-2026F|
|7.1.1. UAE Telehealth Market Revenues, By Hardware, 2016-2026F|
|7.1.2. UAE Telehealth Market Revenues, By Software, 2016-2026F|
|7.1.3. UAE Telehealth Market Revenues, By Other Products, 2016-2026F|
|7.2. UAE Telehealth Market Revenues, By Services, 2016-2026F|
|7.2.1. UAE Telehealth Market Revenues, By Teleradiology, 2016-2026F|
|7.2.2. UAE Telehealth Market Revenues, By Telecardiology, 2016-2026F|
|7.2.3. UAE Telehealth Market Revenues, By Teledermatology, 2016-2026F|
|7.2.4. UAE Telehealth Market Revenues, By Telepsychiatry, 2016-2026F|
|7.2.5. UAE Telehealth Market Revenues, By Other Services, 2016-2026F|
|8. UAE Telehealth Market - Key Performance Indicators|
|9. UAE Telehealth Market - Opportunity Assessment|
|9.1. UAE Telehealth Market Opportunity Assessment, By Types, 2026F|
|9.2. UAE Telehealth Market Opportunity Assessment, By Components, 2026F|
|10. UAE Telehealth Market Competitive Landscape|
|10.1. UAE Telehealth Market Revenue Share, By Company|
|10.2. UAE Telehealth Market Competitive Benchmarking, By Operating & Technical Parameters|
|11. Company Profiles|
|12. Key Recommendations|