Delivered April 12, 2020. Contributor: Gbolahan G.
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.