Middle East and Africa Smart Hospital  Market Share 2022: Key Vendors Size, Competition Strategies, Revenue Analysis, Growth Research Report and Global Forecast 2031

Kenneth Research has evaluated the current market opportunities in Middle East and Africa Smart Hospital Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Middle East and Africa Smart Hospital Market Products.

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According to the statistics by the World Bank, current health expenditure around the world increased from 9.391 % of GDP in the year 2011 to 9.896 % of GDP in the year 2017. Moreover, the statistics also stated that Tuvalu, a nation in Oceania region, had the highest expenditure of 17.143 % of GDP in the year 2017, followed by the United States, with 17.061 % of GDP.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Middle East and Africa smart hospital market (2018-2023)

In the Middle East and Africa, digital technology in healthcare is quite at a initial stage. In this region, UAE has the maximum level of adoption of technology in healthcare industry. In this, paperless health care system is used that collects patient data and analyses it, also AI helps in assisting doctors with the intelligent diagnosis. Health apps and wearables are very likely to incorporate smart hospitals in this market. The region has many doctors and medical experts moved in from different countries to providing better medical services to the patients. According to Netscribes, the Middle East and Africa smart hospital market is expected to have a significant compound annual growth rate (CAGR) of 12.89% and reach a market size of USD 2.11 Bn by 2023.

Some parts of Africa still has to grow economically in order to build the infrastructure required for smart hospitals. Due to the rising mobile and internet facility, health apps have gained speed. South Africa part has started adopting some of the offerings of smart hospitals like artificial intelligence (AI), electronic health record and remote medicine, etc.
The Middle East and Africa smart hospital market is bifurcated on the basis of product (smart pills, mHealth, telemedicine, electronic health record and others), application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), and artificial intelligence (offering and technology). The technologies used are AI, cloud computing, radio frequencies identification, wearable technologies, zigbee technologies, internet of things (IoT) and others. This region includes Africa, Saudi Arabia and the United Arab Emirates as majorly contributing countries.

Key growth factors

In the Middle East and Africa, the UAE already has started building some smart hospitals, thereby motivating the digital healthcare in other regions. Government initiatives have also increased the growth of smart hospitals. The investors investing in medical services is another boosting factor for the growth of smart hospitals in the Middle East. The African region is on the verge of adopting the IoT as mobile devices have taken the popularity amongst people.

Threats and key players

Despite improvements, cost constraint is one of the biggest issues faced in the healthcare sector in Africa. The economic condition of the country remains challenging for smart hospital market and adds considerable pressure to the government and it ultimately affects the future spending on health care. So, the overall growth of smart hospital facilities may be hindered.
The major players in the smart hospital market are Microsoft, GE Healthcare, Qualcomm Life, Philips, SAP, Siemens, Medtronic, STANLEY Healthcare, Cerner Corporation, Honeywell Life Care Solution etc.

What’s covered in the report?

1. Overview of the Middle East and Africa smart hospital market.
2. Historical, current and forecasted market size data for smart pills, mHealth, telemedicine, electronic health record and others.
3. Historical, current and forecasted market size data for remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance.
4. Historical, current and forecasted market size data for offering and technology.
5. Historical, current and forecasted country-wise (Africa, Saudi Arabia and UAE) market size data for Africa, Saudi Arabia and the UAE smart hospital market segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
6. Market trends in the Middle East and Africa smart hospital market.
7. Qualitative analysis of the key drivers and challenges affecting the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
8. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the Middle East and Africa smart hospital market.
2. Get country-specific market size and observations for the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
3. Get specific trends, drivers and challenges for the Middle East and Africa smart hospital market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance), by artificial intelligence (offering and technology)
4. Recognize major competitors’ business and market dynamics, and respond accordingly

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The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Middle East and Africa Smart Hospital Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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