HealthTech Industry - MENA Region
- Provide an analysis of the heath-tech industry in the Middle East and North Africa (MENA) region covering the current supply gap, mobile penetration rate, market size, regulatory landscape, and initiatives, demographics, description, and evolution.
- Provide an analysis of the health-tech industry focusing on global trends, demographics, traditional transformation cycles, and key players.
- Provide an analysis of the health -tech sector in the Eastern Mediterranean (EM) region covering favorable demographics, tech-savvy population, need for healthcare inclusion, stakeholders, enablers, transformation, and case studies.
- Provide an analysis detailing some of the emerging challenges and opportunities observable in the health-tech industry, projected regulatory and infrastructure growth, and emerging business models and use cases.
- In 2017, about 64 percent of individuals living in the MENA regions were subscribed to a mobile service. This figure is expected to reach 69 percent by 2025.
- Globally, MENA remains the second least penetrated region in the world. By 2025, the world's average mobile penetration rate will rise to 71 percent, 2 percent higher than the MENA region.
- The e-Health market in the Middle East and Africa was valued at $989 million in 2019. The market is also projected to reach $1.8 billion in 2024, growing at a CAGR of 12.8 percent.
- Overall, the Middle East and North Africa (MENA) healthcare market is projected to reach $144 billion by year-end 2020, mostly driven by the private health sector, which controls a third of the market.
- In addition, the adoption of smartphones in the Middle East and North Africa (MENA) region is anticipated to rise from 52 percent in 2018 to 74 percent in 2025.
- According to HubSpot, the use of artificial intelligence in diagnosis and patient care is considered the most significant trend in health-tech.
- Another top trend is the use of virtual and augmented reality in surgeries and training. The technology is currently being touted as the most effective and risk-free approach to surgical management.
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