MEA Smart Hospitals Market

MEA Smart Hospitals Market Size (2023 to 2028)

The Middle East and Africa smart hospitals market is expected to grow at a CAGR of 22.03% from 2023 to 2028. As a result, the market size is expected to grow from USD 3.51 billion in 2023 to USD 9.51 billion by 2028. 

The growing adoption of technological advancements among the hospitals spread through the MEA region is one of the major factors propelling the smart hospitals market in the Middle East and Africa. Technological advancements such as Machine Learning, Artificial Intelligence, and the Internet of Things (IoT) are used in the software and devices to help the healthcare system work more efficiently. For instance, AI helps with temperature sensors for screening staff and helps patients with speech recognition for filling the patient data into the record and providing conversations with healthcare assistants to clarify patients' doubts about the treatment available in the hospitals.

The growing preference towards remote patient monitoring and increasing internet penetration across the countries of the MEA region is promoting the smart hospitals market growth in this region. In addition, in recent years, many people have been using wearable and patient monitoring devices due to increased consciousness about health. These devices help track and monitor the patient's health condition and send the stored data to the healthcare providers for further treatment.

The MEA region has been experiencing increased investments in developing healthcare infrastructure for the last few years. The healthcare infrastructure in MEA is expected to see promising developments in the coming years, which is expected to support the smart hospitals market growth in MEA. Furthermore, the increasing awareness regarding the benefits of smart hospitals among the population favors the growth rate of the smart hospitals market in the MEA. Treatment in a smart hospital differs from that of a standard hospital. Smart hospitals are equipped with technological advancements such as EHR.

However, data privacy issues associated with smart hospitals are a significant factor hampering the market growth in the Middle East and Africa. Furthermore, the need for more skilled professionals to operate advanced devices in smart hospitals is another restraint of market growth. In addition, the need for approvals for the new products and the high cost of the devices also hampers the market growth in this region.

This research report on the Middle East & Africa smart hospitals market is segmented and sub-segmented into the following categories.

By Component:

• Software
• Hardware
• Services

By Application:

• Remote Medicine Management
• Medical Connected Imaging
• Medical Assistance
• Electronic Health Records & Clinical Workflow
• Outpatient Vigilance

By Technology:

• Cloud Computing
• Artificial Intelligence
• Wearable Technologies
• Radio Frequencies Identification

By Connectivity:

• Wired
• Wireless

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Geographically, the MEA region accounted for a moderate share of the worldwide market in 2022. However, this regional market is expected to pick up and register a healthy CAGR in the coming years owing to the growing aging population and increasing healthcare expenditure. Smart hospitals help older people so that they can have treatment anywhere in the world by showing the reports, which are stored digitally in the cloud and could be accessed by the patient from anywhere in the world. The smart hospitals market in Africa is estimated to register a healthy CAGR owing to the increasing patient population and rising prevalence of chronic diseases. Due to the increase in chronic diseases, hospitals are adopting smart technology-based instruments and devices used for surgery to market virus and infection-free surgery or treatment. The government also conducts awareness campaigns explaining smart hospitals and their use for major chronic diseases.

The UAE is one of the promising regional markets in the Middle East and Africa. It is anticipated to hold a significant share of the regional market during the forecast period owing to the increasing number of smart hospitals to meet patient needs. Many companies are focusing more on developing hospital rooms with advanced equipment. An event was held in 2022 to analyze the design of smart hospital rooms in the region.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the Middle East and Africa smart hospitals market profiled in this report are Medtronic, Philips, Microsoft, GE Healthcare, Qualcomm, SAP, Stanley Healthcare, Cerner Corporation, McKesson, and Siemens.