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Middle East and Africa Remote Cardiac Monitoring Market

2021

Medical Device Middle East and Africa Remote Cardi...

Middle East and Africa Remote Cardiac Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Devices, Software, and Services) and End User (Hospitals and Clinics, Emergency Settings, Homecare Settings, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00025820 | No. of Pages: 145 | Category: Medical Device | Status: Published

Market Insights

Middle East and Africa Remote Cardiac Monitoring Market to Grow at a CAGR of 29.8% to reach US$ 909.86 million Million from 2021 to 2028

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The remote cardiac monitoring market in MEA is expected to grow from US$ 146.35 million in 2021 to US$ 909.86 million by 2028; it is estimated to grow at a CAGR of 29.8% from 2021 to 2028.


The UAE, Saudi Arabia, and South Africa are major economies in MEA. Surge in incidence of cardiovascular diseases is the major factor driving the growth of the MEA remote cardiac monitoring market. Remote patient monitoring (RPM) allows patients to manage their health better by increasing their involvement in their health care. RPM may serve as a vital conduit for improving hypertension control and reducing the economic burden stemming from prolonged or frequent hospital stays that result from acute hypertension-related events. Research has shown that RPM can significantly lower systolic blood pressure (SBP) and diastolic blood pressure (DBP) compared to usual care and self-monitoring alone. According to a few non-randomized trials, RPM can improve outcomes by enabling accurate and early detection as well as decreasing all-cause mortality rates and hospitalizations. Recent clinical guidelines strongly recommend the use of RPM for atrial fibrillation (AF) detection in both stroke and non-stroke patients, which is further anticipated to drive the Remote Cardiac Monitoring market in MEA.

The COVID-19 pandemic has increased the demand for medical devices, which can be used in-home care. The region is witnessing an increase in the number of patients admitted to intensive care units (ICU). An increasing number of drugs pose multiple diagnostic and therapeutic challenges to strained health systems, leading to an increase in medical devices. Radiologists in South Africa have the highest number of COVID-19 infections in the country. There are changes in staff assignments, working hours, strict infection control, and social distancing measures. They also face mental, physical, emotional, and financial challenges.Heart patients, especially those with implantable devices for heart-failure treatment, are at increased risk of COVID-19 morbidity and mortality. In addition, there is growing evidence that COVID-19 has significant and long-term effects on the heart that can lead to an echo pandemic of patients with heart failure. Remote and biosensor device surveillance were quickly introduced during the COVID-19 pandemic to allow better assessment of the clinical status of the heart while maintaining social distance by conducting virtual visits. With the ever-increasing costs associated with health care enrollment and the imposition of social distancing, finding solutions to better monitor heart disease is imperative. For this reason, several new devices have emerged in recently.

Remote Cardiac Monitoring market

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MEA Remote Cardiac Monitoring Market Segmentation

MEA Remote Cardiac Monitoring Market – By Product Type

  • Devices
    • Vital Signs Monitors
    • Heart Rate Monitors
    • Blood Pressure Monitors
    • Breath Monitors
    • Holter Monitors
    • Others
  • Software
    • Cloud Based Software
    • On-Premise Software
  • Services

MEA Remote Cardiac Monitoring Market – By End User

  • Hospitals and Clinics
  • Emergency Settings
  • Homecare Settings
  • Others

MEA Remote Cardiac Monitoring Market– By Country

  • Saudi Arabia
  • South Africa
  • UAE
  • RoMEA

MEA Remote Cardiac Monitoring Market-Companies Mentioned

  • Abbott
  • Boston Scientific Corporation
  • GE Healthcare
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • Medtronic
  • Nihon Kohden Corporation
  • OSI Systems, Inc.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Remote Cardiac Monitoring Market – By Product Type

1.3.2 MEA Remote Cardiac Monitoring Market – By End User

1.3.3 MEA Remote Cardiac Monitoring Market – By Country

2. MEA Remote Cardiac Monitoring Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA Remote Cardiac Monitoring Market – Market Landscape

4.1 Overview

4.1 PEST Analysis

4.1.1 Middle East & Africa – PEST Analysis

4.2 Expert Opinions

5. MEA Remote Cardiac Monitoring Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Incidence of Cardiovascular Diseases

5.1.2 Continuous Developments in Telemedicine Approach

5.2 Market Restraints

5.2.1 Concerns Regarding Data Privacy

5.3 Market Opportunities

5.3.1 Surge in Preference for Remote Patient Monitoring During COVID-19 Pandemic

5.4 Future Trends

5.4.1 Strategic Initiatives by Market Players

5.5 Impact analysis

6. Remote Cardiac Monitoring Market – MEA Analysis

6.1 MEA Remote Cardiac Monitoring Market Revenue Forecast and Analysis

7. MEA Remote Cardiac Monitoring Market Analysis and forecasts to 2028 – by Product Type

7.1 Overview

7.2 MEA Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)

7.3 Devices

7.3.1 Overview

7.3.2 Devices: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.1 Vital Signs Monitor

7.3.2.1.1 Overview

7.3.2.1.2 Vital Signs Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.2 Holter Monitor

7.3.2.2.1 Overview

7.3.2.2.2 Holter Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.3 Blood Pressure Monitor

7.3.2.3.1 Overview

7.3.2.3.2 Blood Pressure Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.4 Heart Rate Monitors

7.3.2.4.1 Overview

7.3.2.4.2 Heart Rate Monitors: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.5 Breath Monitors

7.3.2.5.1 Overview

7.3.2.5.2 Breath Monitors: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.3.2.6 Others

7.3.2.6.1 Overview

7.3.2.6.2 Others: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4 Software

7.4.1 Overview

7.4.2 Software: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4.2.1 Cloud Based Software

7.4.2.1.1 Overview

7.4.2.1.2 Cloud Based Software: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.4.2.2 On-Premise Software

7.4.2.2.1 Overview

7.4.2.2.2 On-Premise Software: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

7.5 Service

7.5.1 Overview

7.5.2 Service: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8. MEA Remote Cardiac Monitoring Market Analysis and Forecasts to 2028 – by End User

8.1 Overview

8.2 MEA Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)

8.3 Hospitals and Clinics

8.3.1 Overview

8.3.2 Hospitals and Clinics: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.4 Emergency Settings

8.4.1 Overview

8.4.2 Emergency Settings: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.5 Homecare Settings

8.5.1 Overview

8.5.2 Homecare Settings: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: MEA Remote Cardiac Monitoring Market Revenue and Forecast to 2028 (US$ Mn)

9. MEA Remote Cardiac Monitoring Market – Country Analysis

9.1 Middle East & Africa: Remote Cardiac Monitoring Market

9.1.1 Overview

9.1.2 Middle East & Africa: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)

9.1.2.1 Saudi Arabia: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.1.1 Saudi Arabia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 Saudi Arabia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2.1 Saudi Arabia: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.1.2.2 Saudi Arabia: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.1.3 Saudi Arabia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.2 UAE: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.1 UAE: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2 UAE Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.2.2.1 UAE: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.2.2.2 UAE: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.2.3 UAE Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.3 South Africa: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.1 South Africa: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2 South Africa Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.3.2.1 South Africa: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.3.2.2 South Africa: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.3.3 South Africa Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

9.1.2.4 Rest of Middle East and Africa: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.4.1 Rest of Middle East and Africa: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2 Rest of Middle East & Africa Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2.1 Rest of Middle East & Africa: Remote Cardiac Monitoring Market, by Software, 2019–2028 (USD Million)

9.1.2.4.2.2 Rest of Middle East & Africa: Remote Cardiac Monitoring Market, by Devices, 2019–2028 (USD Million)

9.1.2.4.3 Rest of Middle East & Africa Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

10. Impact Of COVID-19 Pandemic on MEA Remote Cardiac Monitoring Market

10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11. MEA Remote Cardiac Monitoring Market– Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 OSI Systems, Inc.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 GE Healthcare

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Nihon Kohden Corporation

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Boston Scientific Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Koninklijke Philips N.V.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Honeywell International Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Abbott

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Medtronic

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. MEA Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. Saudi Arabia Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 3. Saudi Arabia Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 4. Saudi Arabia Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 5. Saudi Arabia Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 6. UAE Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 7. UAE Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 8. UAE Remote Cardiac Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 9. UAE Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 10. South Africa Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 11. South Africa Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 12. South Africa Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 13. South Africa Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 14. Rest of Middle East & Africa Remote Cardiac Monitoring Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Rest of Middle East & Africa Remote Cardiac Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 16. Rest of Middle East & Africa Remote Cardiac Monitoring Market, by Devices– Revenue and Forecast to 2028 (USD Million)

Table 17. Rest of Middle East & Africa Remote Cardiac Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 18. Organic Developments Done By Companies

Table 19. Inorganic Developments Done By Companies

Table 20. Glossary of Terms, Remote Cardiac Monitoring Market

LIST OF FIGURES

Figure 1. MEA Remote Cardiac Monitoring Market Segmentation

Figure 2. MEA Remote Cardiac Monitoring Market Segmentation, By Country

Figure 3. MEA Remote Cardiac Monitoring Market Overview

Figure 4. Devices Segment Held Largest Share of MEA Remote Cardiac Monitoring Market

Figure 5. Saudi Arabia to Show Significant Growth During Forecast Period

Figure 6. Middle East & Africa PEST Analysis

Figure 7. MEA Remote Cardiac Monitoring Market Impact Analysis of Driver and Restraints

Figure 8. MEA Remote Cardiac Monitoring Market – Revenue Forecast and Analysis – 2020- 2028

Figure 9. MEA Remote Cardiac Monitoring Market Share by Product Type 2021 & 2028 (%)

Figure 10. Devices: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 11. Vital Signs Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12. Holter Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13. Blood Pressure Monitor: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14. Heart Rate Monitors: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15. Breath Monitors: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 16. Others: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17. Software: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18. Cloud Based Software: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19. On-Premise Software: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20. Service: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. MEA Remote Cardiac Monitoring Market Share by End User 2021 & 2028 (%)

Figure 22. Hospitals and Clinics: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23. Emergency Settings: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24. Homecare Settings: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25. Others: MEA Remote Cardiac Monitoring Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 26. Middle East & Africa: Remote Cardiac Monitoring Market, by Key Country – Revenue (2021) (USD Million)

Figure 27. Middle East & Africa: Remote Cardiac Monitoring Market, by Country, 2021 & 2028 (%)

Figure 28. Saudi Arabia: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 29. UAE: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 30. South Africa: Remote Cardiac Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 31. Rest of Middle East and Africa: Remote Cardiac Monitoring Market - Revenue and Forecast to 2028 (USD Million)

Figure 32. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 33. Growth Strategies Done by the Companies in the Market, (%)

  1. Abbott
  2. Boston Scientific Corporation
  3. GE Healthcare
  4. Honeywell International Inc.
  5. Koninklijke Philips N.V.
  6. Medtronic
  7. Nihon Kohden Corporation
  8. OSI Systems, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Remote Cardiac Monitoring Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the MEA Remote Cardiac Monitoring Market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the Remote Cardiac Monitoring Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
TIPRE00025820
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