According to the report “Middle-East and Africa Telemedicine Market” published by Market Data Forecast, the Middle-East and African market has been estimated at $2.19 billion in 2015 and is projected to reach $3.67 billion with CAGR of 10.8% in the forecast period 2015-2020.
Telemedicine is the remote diagnosis and treatment of patients by means of telecommunications technology. Recent healthcare reforms have transformed the telemedicine market and also influenced the reach of these applications. Internet, store and forward imaging technology and video-conferencing are the corner stones that are building telemedicine market.
With the rise in cost of health care owing to the increase in the rise of aged people, Telemedicine offers a cost-effective and people friendly solution. Tele-monitoring services help a lot of physician and patients with the management and monitoring wellbeing of patients. Also, lack of healthcare professionals is curbed to an extent with availability of these services.
The reasons for the growth in this market are Increase in geriatric population, lack of manpower in healthcare sector, recent development in technology, increase in population. The tele-monitoring segment will also enjoy an upward trend owing to the increasing diabetic and disabled population. Also, Rising cost of healthcare services increased of use of technology in healthcare has also impacted the market growth.
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