According to Markntel Advisors Report, Saudi Arabia Remote Patient Monitoring System Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2022. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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.
Saudi Arabia Remote Patient Monitoring System Market Research Report Summary:
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.
Time Period Captured in the Report:
- Historical Years: 2017-20
- Base Years: 2021
- Forecast Years: 2022-27
Who are the Key Players Operating in the Saudi Arabia Remote Patient Monitoring System Market?
The top companies of the Saudi Arabia Remote Patient Monitoring System Market ruling the industry are:
Welch Allyn, Bosch, Johnson Johnson, Intel, Roche, Philips Healthcare, Honeywell, American Telecare, Biotronik, Covidien Plc
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The Saudi Arabia Remote Patient Monitoring System Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Component
-Devices
-Electroencephalography (EEG)
-Magnetoencephalograph (MEG)
-Transcranial Doppler (TCD)
-Pulse Oximeter
-Spirometer
-Fetal Monitor
-Temperature Monitoring
-Mobile Continuous Outpatient Telemetry (MCOT)
-Electrocardiogram (ECG)
-Intracranial Pressure (ICP)
-Blood Glucose Monitoring
-Blood Pressure Monitor
-Others
-Services
-Software
-By Condition
-Cardiovascular Distress
-Diabetes, Chronic Obstructive Pulmonary Disease
-Blood Pressure
-Mental Health
-Cancer Treatment
-Sleep Disorder
-Others (Weight Management, Fitness Monitoring, etc)
-By End Users
-Hospitals
-Ambulatory Surgical Center
-Specialty Clinics
-Home Care
-By City
-Riyadh
-Jeddah
-Mecca
-Medina
-Al-Hofuf
-Others
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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.
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