Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The "Saudi Arabia Telemedicine Market, By Region, Competition, Forecast and Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabia Telemedicine Market was valued at USD 1.47 Billion in 2023, and is expected to reach USD 3.41 Billion by 2029, rising at a CAGR of 15.20%.
Saudi Arabia's aging population is increasing the demand for healthcare services. Telemedicine can cater to the elderly population's healthcare needs, especially when travel to healthcare facilities is challenging. Advances in technology, including improved internet connectivity and the development of healthcare-specific platforms and apps, have made telemedicine more accessible and user-friendly. Telemedicine can reduce healthcare costs for both providers and patients by eliminating the need for physical infrastructure and travel expenses. Telemedicine platforms have become more integrated with electronic health records (EHRs) and healthcare systems, making it easier for healthcare providers to offer telehealth services.
Key Market Trends
Growing Trend Towards E-prescriptions
E-prescriptions streamline the prescription process, making it easier for healthcare providers to prescribe medications and for patients to manage their prescriptions. E-prescriptions can help reduce medication errors and transcription mistakes, enhancing patient safety. Patients can receive e-prescriptions directly through telemedicine platforms or mobile apps, eliminating the need to visit a physical healthcare facility for a paper prescription. E-prescriptions are accessible from anywhere, allowing patients to fill their prescriptions at the pharmacy of their choice. E-prescribing saves time for both healthcare providers and patients. It eliminates the need for manual paperwork and phone calls.
E-prescribing systems can be integrated with electronic health records (EHRs) and telemedicine platforms, creating a seamless healthcare ecosystem. E-prescriptions can include medication information and instructions, enhancing patient understanding and adherence. E-prescriptions contribute to the development of comprehensive and accurate digital health records, which can be accessed during telemedicine consultations. E-prescribing systems often incorporate security measures to protect patient data, including information related to prescriptions. The use of e-prescriptions aligns with healthcare regulations and initiatives in Saudi Arabia, ensuring compliance with relevant standards.
Segmental Insights
Type Insights
Based on type, telehospitals segment held the largest market share and is predicted to continue expanding over the coming years. Telehospitals typically offer a broader spectrum of medical services, including consultations with various specialists, diagnostic services, and even emergency care. This comprehensive approach may make them a popular choice among patients.
Telehospitals can be an extension of traditional hospitals, offering a seamless transition between in-person and virtual care. This integration may enhance their appeal to patients. Telehospitals can improve healthcare accessibility, particularly in remote or underserved areas where access to medical facilities may be limited. Telehospitals can improve healthcare efficiency by reducing waiting times, providing timely consultations, and streamlining the patient care process. Telehospitals may offer specialized services that cater to specific healthcare needs, which can be attractive to patients seeking medical expertise.
Application Insights
Based on application, telecardiology segment held the largest market share and is predicted to continue expanding over the coming years. Cardiovascular diseases, such as hypertension and heart disease, are a significant health concern in Saudi Arabia. Telecardiology can play a crucial role in remote monitoring, early diagnosis, and management of these conditions. Cardiology often requires specialized care, and telecardiology provides a means for patients to consult with cardiologists from a distance, particularly in areas where access to specialized healthcare services may be limited.
Telecardiology enables quick consultations, timely intervention, and continuous monitoring of patients with heart-related issues, potentially reducing the risk of adverse cardiac events. Telecardiology can be essential for post-operative care after cardiac procedures, allowing healthcare providers to monitor patients' progress and adjust treatment plans as needed. In remote or underserved areas of Saudi Arabia, telecardiology can bridge the gap in access to cardiology services, ensuring that patients receive timely care.
Regional Insights
The Northern & Central region dominated the Saudi Arabia Telemedicine Market in 2023. The Northern and Central regions, including cities like Riyadh and Jeddah, are among the most densely populated areas in Saudi Arabia. These regions have a higher concentration of potential patients and healthcare providers, making them attractive markets for telemedicine services.
The Northern and Central regions are major economic and business hubs, which can result in a higher demand for telemedicine services. Employees and professionals in these areas often seek convenient and efficient healthcare options. These regions typically have more established healthcare infrastructure, including hospitals and clinics. Telemedicine can complement existing healthcare services and provide additional options for residents. The government's initiatives to promote telemedicine and digital healthcare may initially focus on more populous and economically significant regions to ensure broader adoption and impact.
Key Market Players
- Aster Sanad Hospital- Aster DM Healthcare
- Sesneber International (Saudi Arabia)
- GE Healthcare (Middle East)
- Medtronic Saudi Arabia
- Cisco Saudi Arabia
- Altibbi
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 85 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $1.47 Billion |
| Forecasted Market Value (USD) by 2029 | $3.41 Billion |
| Compound Annual Growth Rate | 15.2% |
| Regions Covered | Saudi Arabia |
Report Scope:
In this report, the Saudi Arabia Telemedicine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Telemedicine Market, By Component:
- Hardware
- Software
- Service
- Tele-Consulting
- Tele-Monitoring
- Tele-Education
- Tele-Training
- Others
Telemedicine Market, By Deployment Mode:
- On-Premises
- Cloud
Telemedicine Market, By Type:
- Telehospitals
- Telehomes
- mHealth
Telemedicine Market, By Application:
- Telepathology
- Telecardiology
- Teleradiology
- Teledermatology
- Telepsychiatry
- Others
Telemedicine Market, By End-User:
- Hospitals & Clinics
- Homecare
- Others
Telemedicine Market, By Region:
- Eastern
- Western
- Northern & Central
- Southern
For more information about this report visit https://www.researchandmarkets.com/r/o6u4ny
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