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: Sep 2022||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
UAE Telehealth Market is expected to gain momentum during the upcoming years owing to increasing risk of life-threatening disease. Lack of healthcare facilities available in remote areas is also driving the need for tele health facilities. Moreover, increasing need for regular monitoring to the critical patients is proliferating the growth of the industry. Rising launch of products coupled with increasing shift towards virtual consultation is adding to the UAE Telehealth market share. Moreover, various benefits associated with the telehealth consultation such as cost effectiveness is also providing lucrative opportunities to the growth of the market. Growing advent of technology is propelling the growth of the market.
UAE Telehealth Market report is a part of Middle East Telehealth Market thoroughly covers the market by Types, Component and regions. The Telehealth Market outlook report provides an unbiased and detailed analysis of the on-going 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 the market value can be attributed to the rising adoption of digitalized and the virtual platform underpinned by the superior growth patterns in the healthcare sector. Geriatric population consumes around 40% to 50% of the total healthcare facilities costs and tend 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 increased burden on the hospitals to look for better and premium medical facilities specially 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 a shared healthcare professional staffing offered by the telemedicine platform has 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 a massive growth of the Telehealth market globally. The unprecedented disruption of the pandemic has led to rising need for agility, transformation and adaptability of telehealth solutions. Backed by the massive spread of the disease, as the 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 the 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 percent 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 component, the service segment accounted the highest share in overall UAE Telehealth Market owing to rapid advancement in hardware and software along with upgradation of software. Rising demand for monitoring of chronic illness is driving the UAE Telehealth market growth.
Some of the key players in UAE Telehealth Market
The UAE Telehealth Market report provides a detailed analysis of the following market segments:
1) What is the impact of COVID-19 on UAE Telehealth Market?
The outbreak of the COVID-19 disease has led to a massive growth of the Telehealth market globally.
2) Which factor is increasing the market value?
The market value is expected to outperform in the upcoming six years on the back of a rise in the advent of digitization.
3) Which segment based on component accounted the highest share in overall UAE Telehealth Market?
On the basis of component, the service segment accounted the highest share in overall UAE Telehealth Market.
4) Who are the key players in UAE Telehealth Market?
Some of the key players in UAE Telehealth Market are NextGen Healthcare, VSee, OKADOC, Doxy.me, LLC, Abu Dhabi Telemedicine, vHealth, Insta doctor, Medcare, Trydoc 24x7.
|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|