GCC Digital Health Market (Service - Telehealth, mHealth, Health Analytics, and Digital Health System; End User - Clinics, Government Hospitals, Specialty Hospital, and General Hospital): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the digital health market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional digital health market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional digital health market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the GCC digital health market. The GCC digital health market was valued at over USD 7 billion in 2022 and is expected to reach nearly USD 20 billion in 2028, with a CAGR of about 18% during the forecast period.

Market Insight

Patients and healthcare professionals use digital health technologies to efficiently manage and track healthcare-related activities. The market is primarily driven by the rising demand for telehealth services such as remote patient monitoring. Healthcare workers are more easily in contact with and monitor their patients from a distance with the help of remote patient monitoring. The demand for digital health solutions is thus increased. GCC governments stand to benefit a great deal from digital health by improving the operational effectiveness of health systems, patient satisfaction, and patient outcomes. It also deals with some of the major issues facing the healthcare industry, such as improving access to care and containing rising medical expenses.

The market for digital health in the GCC region is primarily driven by the rising adoption of digitalization trends in the healthcare industry. Additionally, the adoption of digital health services across healthcare platforms is being fueled by the growing use of smart devices and strong internet access. The need for home-based medical care is also being boosted by the expanding geriatric population, which is more susceptible to significant medical diseases. Along these lines, the rising frequency of numerous chronic illnesses that call for ongoing medical care, such as cancer, cardiovascular disease, and arthritis, is also fueling demand for digital health services. Moreover, various government organizations in GCC nations are introducing a variety of healthcare policies to improve disease management and make healthcare more accessible to people from all socioeconomic backgrounds. These regulations aid in encouraging the use of digital health platforms to provide effective medical care in remote areas. The market expansion in the GCC region will continue to be fueled by the growing integration of digital health with a number of cutting-edge technologies, including AI, picture archiving and communication systems (PACS), and predictive analytics. As health authorities struggle to satisfy demand and service shortages lead to an increase in expensive outbound medical tourism, there are prospects for development and expansion even as the shift to specialty care continues. Inadequate healthcare infrastructure in GCC countries hampers the market growth. The complexity of the technology and the additional time needed for data entry could have a damaging effect on usage, hence there is a reluctance to adapt and accept new technologies. Growing stronger in GCC countries as awareness of medical issues rises and more people use healthcare facilities. The majority of medical devices are imported, and there is a significant market for needles, syringes, and catheters as well as for electromedical equipment, general surgical equipment, and medical X-ray equipment. The Fourth Industrial Revolution's innovations and technological advancements have usually been welcomed by the GCC, and this is also true of the healthcare industry. Digital infrastructure virtual care, remote patient monitoring, and Artificial Intelligence account for hospital investments in the region.

Consumers are actively embracing digital services all around the Middle East. Some of the countries in the world with the highest smartphone penetration rates are the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). Saudi Arabia holds the largest market share. In Saudi Arabia, online pharmacies are the most widely used digital-health solutions followed by fitness apps. Majorities of nonusers in KSA expressed interest in trying online pharmacies, online fitness classes, and applications for wellness, fitness, or diet management. The UAE is the fastest-growing country in the Middle East region. By concentrating on product and value propositions, enhancing go-to-market strategies, creating new business models, and investing in promising technologies, UAE may hasten the growth of digital healthcare services.

Report Scope of the Digital Health Market:

Segment Covered

The report on GCC digital health market covers segments such as service, and end user. On the basis of service, the sub-markets include telehealth, mhealth, health analytics, and digital health system. On the basis of end user, the sub-markets include clinics, government hospitals, specialty hospital, and general hospital.

Companies Profiled:

The report provides profiles of the companies in the market such as Vezeeta, Altibbi, Seha Healthcare, Okadoc Technologies FZ-LLC, TachyHealth, Inc., 54gene, 1Life Healthcare, Inc., Prognica Labs Tech FZCO, ProvenMed, and MedX Health Corp.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the digital health market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.