UAE Remote Patient Monitoring Devices Market By Product (Special Monitors v/s Vital Sign Monitors), By Application (Diabetes, Hypertension, Cardiovascular Diseases, Weight Management & Fitness Monitoring, Others), By End User (Hospital Based Patients, Ambulatory Patients, Home Healthcare), By Region, Competition Forecast & Opportunities, 2027
The UAE remote patient monitoring devices market is anticipated to grow at a robust CAGR during the forecast period, 2023-2027. The growing old age population and the increasing prevalence of chronic conditions are the primary factors driving the demand for UAE remote patient monitoring devices market. Also, the need to expand the access of the healthcare system to a wider population and the advancements in the telecommunication industry is the other prominent factors that are expected to fuel the UAE remote patient monitoring devices market growth over the next five years.
A surge in the Prevalence of Chronic Diseases Boosts the Market Growth
UAE has a strong healthcare infrastructure, and the government is continuously making efforts to expand healthcare services to meet the evolving needs of the growing population. The development of the healthcare sector is a priority sector in UAE Vision 2040, and the government is making efforts and high-end investments in developing the healthcare sector. In 2019, the UAE's healthcare expenditure as a % of GDP was 4.27%. The most common chronic diseases and disorders faced by the people of Saudi Arabia are obesity, diabetes, cancer, and cardiovascular problems. Chronic diseases can be monitored with the help of remote monitoring devices, and the vital parameters can be known by patients with accuracy, which aids them in making informed decisions. Remote monitoring devices are used by hospital facilities for improved chronic disease management as well as to identify the early symptoms of disease and monitor the progress report of the patients to provide better care to patients. The advent of advanced remote monitoring devices and the growing awareness among consumers about the benefits of using these devices are expected to foster the UAE remote patient monitoring devices market growth in the next five years.
The growing popularity of Telemedicine Services Supports the High Market Demand
The development of a strong telecommunication sector and the proliferation of intelligent devices are accelerating the demand for remote consultation services among patients. The UAE healthcare information technology is expected to grow at an impressive rate in the forecast period. The outbreak of COVID-19 bolstered the need for telehealth services to reduce the spread of novel coronavirus and get effective medication by consulting the top healthcare professionals without physically visiting the healthcare facilities. Market players are providing remote healthcare services through different technology platforms. After taking consultations with healthcare professionals, patients can take care of themselves with the help of remote patient monitoring devices. The Ministry of Health has collaborated with Emirates Integrated Telecommunication Company PJSC (“Du”) to improve the options and enhance telehealth services. It also includes the services of virtual hospitals where healthcare professionals can provide remote care services by using artificial technology and smart devices and monitoring services. The demand for telehealth and remote consultation services among patients is expected to boost the UAE remote patient monitoring devices market for the forecast period.
The rising Geriatric Population Fuels the Market Demand
In 2020, the geriatric population as a % of the total population in UAE was 1.26%. The older population is vulnerable and is prone to several diseases. Geriatric populations look for affordable, easy-to-deploy, and easy-to-use telehealth and remote patient monitoring technology to take care of themselves. Remote patient monitoring devices help the elderly directly connect with their healthcare professionals on-demand via voice or video services. It also enables healthcare professionals to collect data from patients without needing to visit healthcare facilities. The high demand from the old age population is expected to propel the UAE remote patient monitoring devices market growth in the next five years.
Market Segmentation
The UAE remote patient monitoring devices market is segmented into product, application, end-user, regional distribution, and company. Based on product, the market is divided into special monitors and vital sign monitors. Based on application, the market is divided into diabetes, hypertension, cardiovascular diseases, weight management & fitness monitoring, and others. Based on end users, the market is divided into hospital-based patients, ambulatory patients, and home healthcare. To analyze the market based on the region, the UAE remote patient monitoring devices market is studied in major regions namely Dubai, Abu Dhabi, Sharjah, and Rest of the UAE.
Market Players
Enpy UAE, Mubadala Health UAE, Medtronic Meta FZ-LLC, Abbott Laboratories, S.A., Dexcom (UAE), Boston Scientific Corporation (UAE), Omron Healthcare (UAE), Philips Healthcare (UAE), are among the major market players operating in the UAE remote patient monitoring devices market.
Report Scope:
In this report, UAE remote patient monitoring devices market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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