UAE Telehealth Market Poised for Significant Growth: Key Trends and Insights from 2023 to 2028
The UAE Telehealth Market is expanding at an impressive rate, with a projected Compound Annual Growth Rate (CAGR) of around 25% during the forecast period of 2023 to 2028. Telehealth refers to the remote delivery of health-related services and information made possible by digital communication technologies. The UAE has emerged as a significant healthcare hub in recent years, with a focus on creating a world-class healthcare system that is affordable and quickly accessible to residents and citizens. The country’s government has developed robust regulatory frameworks to enhance patient care delivery and ensure preventive care for patients.
Several organizations, such as Abu Dhabi’s Department of Health (DoH), MoHAP, ADQ, Mubadala, and the Dubai Health Authority (DHA), have made significant investments in telehealth areas like telemedicine, virtual care, and remote patient health monitoring. The focus is on setting higher clinical license standards and improving new clinical methods, including advanced diagnostics that identify and treat early persistent and lifestyle ailments.
Tech leaders in the medical sector are indulging in the healthcare ecosystem, contributing to an increase in healthcare expenditure due to expanding privatization and significant digital transformation in the healthcare ecosystem. Companies such as Doxy.me, Medcare, NextGen Healthcare, and OKADOC are constantly developing new technological solutions or mobile applications through multiple mergers and acquisitions to guarantee high-quality care for UAE patients. However, numerous entrepreneurs from all over the world are expected to intensify competition during the anticipated time frame due to the country’s favorable regulations and lucrative prospects for providers of telehealth services or technology.
Despite having telehealth for over a decade, the COVID-19 pandemic provided the necessary impetus for the expansion of the telehealth industry. Telehealth services such as real-time interaction, remote patient monitoring (RPM), store-and-forward, and others have seen a significant increase since in-person visits to clinics and hospitals were outlawed. The pandemic has provided the industry with enormous opportunities by providing an appealing, cost-effective, and efficient solution in addition to technological advancements in existing software and devices.
The government’s active participation in promoting telehealth care in addition to traditional medical facilities has resulted in Dubai emerging as an opportunistic location with rapid advancements in telehealth. The Dubai Health Authority (DHA) has developed an innovative service known as “Doctor for Every Citizen,” and similar developments in Dubai are likely to accelerate in the coming years due to consumers’ growing awareness of the availability of online platforms for consulting medical professionals.
In conclusion, the UAE Telehealth Market is expanding rapidly, and investors can gain valuable insights into the industry or market of interest by purchasing research reports. The report provides a detailed analysis of the market size, growth potential, and key trends that can be useful for investors looking to identify investment opportunities and evaluate risk. With the government’s active support and several organizations investing in telehealth areas, the UAE’s telehealth market is expected to continue growing during the forecast period.
