Middle East and Africa Remote Patient Monitoring Market to Grow at a CAGR of 29.6% to reach US$ 8,975.23 million Million from 2021 to 2028

Middle East and Africa Remote Patient Monitoring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Software, Devices, and Services) and End User (Providers, Payers, Patients, and Others)

  • Report Code : TIPRE00025812
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 161
Buy Now

The remote patient monitoring market in Middle East & Africa is expected to grow from US$ 1,464.74 million in 2021 to US$ 8,975.23 million by 2028; it is estimated to grow at a CAGR of 29.6% from 2021 to 2028.



It is anticipated that efficient remote healthcare may reduce the number of routine checkups before or after visiting a healthcare professional. Also, the patients would be permitted to leave the clinic or hospital earlier as the healthcare professionals will be enabled to monitor the patients from their home rather than admitting them in the hospital for further observation. This helps in decreasing the additional costs required for staying in hospitals, thereby decreasing the overall medical expenditure of the individuals. Also, the improved internet connectivity and decreasing internet costs particularly in developing nations, are the major factors for the growth of the remote patient monitoring devices market.

The Middle East & Africa includes countries like the UAE, South Africa and Saudi Arabia have also registered many positive coronavirus infection cases. These regions are developing in terms of the healthcare and medical service industry. The countries in these regions are highly dependent on medical devices and pharmaceutical products imported from developed countries. Therefore, countries have faced several challenges with their requirements for patient monitoring devices due to severe disruption in supply chains. The COVID-19 treatment and health monitoring procedures have been developed and are efficiently used to reduce the death rate due to COVID-19. The respiratory and cardiac monitoring remote devices is readily available on online retail platforms such as the online pharmacy and other online retail outlets. The governments in the world are upgrading patient monitoring systems to tackle the challenges during COVID-19 patients. For instance, the Dubai Health Authority utilizes a Masimo Patient SafetyNet system capable of wireless transfer of patients' data from monitoring devices such as Masimo Root with the Radical-7, wearable Radius-7, Pulse CO-Oximeter. Thus, availability and use of advanced patient monitoring devices in the developing countries and regions are expected to have a positive impact on the markets.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa remote patient monitoring market. The Middle East & Africa remote patient monitoring market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa remote patient monitoring market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Middle East & Africa Remote Patient Monitoring Market Segmentation

Middle East & Africa Remote Patient Monitoring Market – By Type

  • Software
    • Cloud
    • On-Premise
  • Devices
    • Cardiac Monitoring Devices
    • Neurological Monitoring Devices
    • Respiratory Monitoring Devices
    • Multiparameter Monitoring Devices
    • Blood Glucose Monitoring Devices
    • Fetal and Neonatal Monitoring Devices
    • Weight Monitoring Devices
    • Other Monitoring Devices
  • Services

Middle East & Africa Remote Patient Monitoring Market – By End User

  • Providers
    • Hospitals
    • Home Care Settings
    • Ambulatory Care Centers
    • Others
  • Payers
  • Patients
  • Others

Middle East & Africa Remote patient monitoring market – By Country

  • Saudi Arabia
  • South Africa
  • The UAE
  • Rest of Middle East & Africa

Middle East & Africa Remote patient monitoring market – Companies Mentioned

  • Medtronic
  • Koninklijke Philips N.V.
  • Boston Scientific Corporation
  • Abbott
  • OMRON Corporation
  • Siemens Healthineers AG
  • Nihon Kohden Corporation                                    
  • General Electric Company
  • Cerner Corporation                            
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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 Middle East & Africa Remote Patient Monitoring Market – By Type

1.3.2 Middle East & Africa Remote Patient Monitoring Market – By End User

1.3.3 Middle East & Africa Remote Patient Monitoring Market – By Geography

2. Middle East & Africa Remote Patient Monitoring Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Middle East & Africa Remote Patient Monitoring Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Expert Opinions

5. Middle East & Africa Remote Patient Monitoring Market – Key Market Dynamics

5.1 Drivers

5.1.1 Widening Awareness Regarding Healthcare

5.1.2 Heighten Demand for Home-Based Treatments

5.2 Restraints

5.2.1 Security and Privacy Matters

5.2.2 Unaddressed Regulatory Issues

5.3 Opportunity

5.3.1 Progress of Healthcare Facilities in Remote Locations

5.4 Future Trend

5.4.1 Ramping Remote Monitoring to Replace Patients’ Routine Visits

5.5 Impact Analysis

6. Middle East & Africa Remote Patient Monitoring – Market Analysis

6.1 Middle East & Africa Remote Patient Monitoring Market Revenue Forecast and Analysis

7. Middle East & Africa Remote Patient Monitoring Market Analysis – By Type

7.1 Overview

7.2 Middle East & Africa Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)

7.3 Software

7.3.1 Overview

7.3.2 Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.3.2.1 Cloud Software

7.3.2.1.1 Overview

7.3.2.1.2 Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.3.2.2 On-Premise Software

7.3.2.2.1 Overview

7.3.2.2.2 On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Devices

7.4.1 Overview

7.4.2 Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.1 Cardiac Monitoring Devices

7.4.2.1.1 Overview

7.4.2.1.2 Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.2 Neurological Monitoring Devices

7.4.2.2.1 Overview

7.4.2.2.2 Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.3 Respiratory Monitoring Devices

7.4.2.3.1 Overview

7.4.2.3.2 Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.4 Multiparameter Monitoring Devices

7.4.2.4.1 Overview

7.4.2.4.2 Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.5 Blood Glucose Monitoring Devices

7.4.2.5.1 Overview

7.4.2.5.2 Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.6 Fetal and Neonatal Monitoring Devices

7.4.2.6.1 Overview

7.4.2.6.2 Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.7 Weight Monitoring Devices

7.4.2.7.1 Overview

7.4.2.7.2 Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.4.2.8 Other Monitoring Devices

7.4.2.8.1 Overview

7.4.2.8.2 Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Services

7.5.1 Overview

7.5.2 Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

8. Middle East & Africa Remote Patient Monitoring Market – By End User

8.1 Overview

8.2 Middle East & Africa Remote Patient Monitoring Market, by End User (2021 and 2028) (%)

8.3 Providers

8.3.1 Overview

8.3.2 Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.1 Hospitals

8.3.2.1.1 Overview

8.3.2.1.2 Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.2 Home Care Settings

8.3.2.2.1 Overview

8.3.2.2.2 Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.3 Ambulatory Care Centers

8.3.2.3.1 Overview

8.3.2.3.2 Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.3.2.4 Others

8.3.2.4.1 Overview

8.3.2.4.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Payers

8.4.1 Overview

8.4.2 Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Patients

8.5.1 Overview

8.5.2 Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

9. Middle East & Africa Remote Patient Monitoring Market – Country Analysis

9.1 Overview

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

9.1.2.1 UAE

9.1.2.1.1 UAE: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

9.1.2.1.2 UAE: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Millions)

9.1.2.1.2.1 UAE: Remote Patient Monitoring Market, by Software, 2019–2028 (USD Millions)

9.1.2.1.2.2 UAE: Remote Patient Monitoring Market, by Devices, 2019–2028 (USD Millions)

9.1.2.1.3 UAE: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)

9.1.2.1.3.1 UAE: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)

9.1.2.2 Saudi Arabia

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

9.1.2.2.2 Saudi Arabia: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Millions)

9.1.2.2.2.1 Saudi Arabia: Remote Patient Monitoring Market, by Software, 2019–2028 (USD Millions)

9.1.2.2.2.2 Saudi Arabia: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Millions)

9.1.2.2.3 Saudi Arabia: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)

9.1.2.2.3.1 Saudi Arabia: Remote Patient Monitoring Market, by Providers, 2019–2028 (USD Million)

9.1.2.3 South Africa

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

9.1.2.3.2 South Africa: Remote Patient Monitoring Market, by Type, 2019–2028 (USD Millions)

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

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

9.1.2.3.3 South Africa: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)

9.1.2.3.3.1 South Africa: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)

9.1.2.4 Rest of Middle East & Africa

9.1.2.4.1 Rest of Middle East & Africa: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

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

9.1.2.4.2.1 Rest of Middle East & Africa Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.2.2 Rest of Middle East & Africa Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

9.1.2.4.3 Rest of Middle East & Africa: Remote Patient Monitoring Market, by End User, 2019–2028 (USD Million)

9.1.2.4.3.1 Rest of Middle East & Africa: Remote Patient Monitoring Market, by Provider, 2019–2028 (USD Million)

10. Impact of COVID-19 Pandemic on Middle East & Africa Remote Patient Monitoring Market

10.1 Impact Assessment of COVID-19 Pandemic

11. Middle East & Africa Remote Patient Monitoring Market– Industry Landscape

11.1 Overview

11.2 Organic Developments

11.2.1 Overview

11.3 Inorganic Developments

11.3.1 Overview

12. Company Profiles

12.1 Medtronic

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 Koninklijke Philips N.V.

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 Cerner 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 Abbott

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 OMRON Corporation

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 Siemens Healthineers AG

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 Nihon Kohden Corporation

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

12.9 General Electric Company

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About the Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. UAE Remote Patient Monitoring Market, by Type– Revenue and Forecast to 2028 (USD Millions)

Table 2. UAE Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Millions)

Table 3. UAE Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Millions)

Table 4. UAE Remote Patient Monitoring Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 5. UAE Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)

Table 6. Saudi Arabia Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Millions)

Table 7. Saudi Arabia Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Millions)

Table 8. Saudi Arabia Remote Patient Monitoring Market, by Type – Revenue and Forecast to 2028 (USD Millions)

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

Table 10. Saudi Arabia Remote Patient Monitoring Market, by Providers – Revenue and Forecast to 2028 (USD Million)

Table 11. South Africa Remote Patient Monitoring Market, by Type– Revenue and Forecast to 2028 (USD Millions)

Table 12. South Africa Remote Patient Monitoring Market, by Software – Revenue and Forecast to 2028 (USD Millions)

Table 13. South Africa Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Millions)

Table 14. South Africa Remote Patient Monitoring Market, by End User– Revenue and Forecast to 2028 (USD Million)

Table 15. South Africa Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)

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

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

Table 18. Rest of Middle East & Africa Remote Patient Monitoring Market, by Devices – Revenue and Forecast to 2028 (USD Million)

Table 19. Rest of Middle East & Africa Remote Patient Monitoring Market, by End User – Revenue and Forecast to 2028 (USD Million)

Table 20. Rest of Middle East & Africa Remote Patient Monitoring Market, by Provider – Revenue and Forecast to 2028 (USD Million)

Table 21. Organic Developments Done By Companies

Table 22. Inorganic Developments Done By Companies

Table 23. Glossary of Terms, Remote Patient Monitoring Market

LIST OF FIGURES

Figure 1. Middle East & Africa Remote Patient Monitoring Market Segmentation

Figure 2. Middle East & Africa Remote Patient Monitoring Market Segmentation, By Country

Figure 3. Middle East & Africa Remote Patient Monitoring Market Overview

Figure 4. Devices Segment Held Largest Share of Remote Patient Monitoring Market, By Type

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

Figure 6. Middle East & Africa Remote Patient Monitoring Market, Industry Landscape

Figure 7. Middle East & Africa PEST Analysis

Figure 8. Middle East & Africa Remote Patient Monitoring Market Impact Analysis of Driver and Restraints

Figure 9. Middle East & Africa Remote Patient Monitoring Market – Revenue Forecast and Analysis – 2021- 2028

Figure 10. Middle East & Africa Remote Patient Monitoring Market Revenue Share, by Type (2021 and 2028)

Figure 11. Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12. Cloud Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13. On-Premise Software: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14. Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15. Cardiac Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16. Neurological Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 17. Respiratory Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18. Multiparameter Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19. Blood Glucose Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 20. Fetal and Neonatal Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21. Weight Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22. Other Monitoring Devices: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 23. Services: Remote Patient Monitoring Market– Revenue and Forecast to 2028 (US$ Million)

Figure 24. Middle East & Africa Remote Patient Monitoring Market, by End User (2021 and 2028) (%)

Figure 25. Providers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Hospitals: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Home Care Settings Market: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Ambulatory Care Centers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Payers: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Patients: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Others: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Middle East & Africa: Remote Patient Monitoring Market, by Key Country – Revenue (2021) (USD Million)

Figure 34. UAE: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 35. Saudi Arabia: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 36. South Africa: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 37. Rest of Middle East & Africa: Remote Patient Monitoring Market – Revenue and Forecast to 2028 (USD Million)

Figure 38. Impact Of COVID-19 Pandemic in Middle East & African countries

  1. Medtronic
  2. Koninklijke Philips N.V.
  3. Boston Scientific Corporation
  4. Abbott
  5. OMRON Corporation
  6. Siemens Healthineers AG
  7. Nihon Kohden Corporation                                    
  8. General Electric Company
  9. Cerner Corporation                                       

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Middle East and Africa Remote Patient Monitoring Market