Middle East Home Healthcare Market: Current Analysis and Forecast (2023-2030)
Emphasis on Type (Therapeutic, Diagnostic, Nursing Care, and Others); Indication (Cancer, Cardiovascular Disorder, Neurological Disorder, Diabetes, and Others); Country.
The Middle East home healthcare market was valued at USD 15,956.57 million in the year 2022 and is expected to grow at a strong CAGR of around 6.5% during the forecast period 2023-2030. Home healthcare, defined as the delivery of medical services in the patient’s residence, is gaining traction due to the region’s demographic dynamics, technological innovations, and evolving healthcare preferences. The surge in chronic diseases, coupled with an aging population, has intensified the demand for specialized and long-term care, which home healthcare adeptly addresses. Additionally, the economic benefits associated with home healthcare, such as reduced hospitalization costs and efficient resource utilization, contribute to its expanding presence. As the Middle East redefines its healthcare landscape, home healthcare emerges as a pivotal component, symbolizing a shift towards a more accessible, patient-centric, and technologically advanced healthcare system tailored to the unique needs of the region.
Some of the major players operating in the market include Fresenious SE & Co. KGaA; Koninklijke Philips N.V.; Omron Healthcare, Inc.; B. Braun SE; Medtronic; Cardinal Health; A&D Company, Limited; GE HealthCare; Baxter; F. Hoffmann-La Roche Ltd Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, the therapeutic category is expected to grow at the fastest CAGR during the forecast period.”
Based on type, the market is segmented into therapeutic, diagnostic, nursing care, and others. Among them, the therapeutic category is expected to grow at the fastest CAGR during the forecast period. Home healthcare facilitates the administration of therapies, including intravenous medications, wound care, and rehabilitation exercises, in the familiar and comfortable environment of patients’ homes. This therapeutic focus enhances patient compliance, contributes to better health outcomes, and reduces the need for prolonged hospital stays, aligning with the broader shift towards patient-centric care in the region.
“Amongst indication, the cardiovascular disorder category is expected to grow at the fastest CAGR during the forecast period.”
Based on the application, the market is segmented into cancer, cardiovascular disorder, neurological disorder, diabetes, and others. Among them, the cardiovascular disorder category is expected to grow at the fastest CAGR during the forecast period. This is mainly due to the prevalence of cardiovascular conditions in the region, there is a rising need for continuous monitoring, medication management, and lifestyle interventions. Home healthcare services cater to these needs by providing personalized care plans, remote monitoring devices, and telehealth solutions tailored to cardiovascular patients. This approach not only ensures timely interventions and improved adherence to treatment plans but also addresses the unique challenges posed by cardiovascular disorders, contributing to the overall expansion of the home healthcare market in the Middle East. For instance, according to the United Nations Population Fund’s World Population Dashboard’s Statistics 2022, in the United Arab Emirates, approximately 2% of the population of the country is aged 65 years and above.
“UAE Region is Expected to Grow at the Fastest CAGR During the Forecast Period”
The UAE’s commitment to becoming a global healthcare hub aligns with the increasing prevalence of chronic diseases and the aging demographic, fueling the demand for home-based care solutions. The country’s vision for a smart and integrated healthcare system has led to the incorporation of cutting-edge technologies in home healthcare, making services more efficient and patient friendly. Government initiatives, exemplified by the UAE Vision 2021, emphasize the importance of quality healthcare services, contributing to the expansion of home healthcare offerings. With advancements in telemedicine, home monitoring devices, and a growing emphasis on preventive care, the UAE’s home healthcare sector is poised for sustained growth, providing a vital pillar in the nation’s commitment to delivering innovative and accessible healthcare services.
Middle East Home Healthcare Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Middle East home healthcare market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Middle East Home Healthcare Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Home Healthcare Market were the three major steps undertaken to create and analyze the adoption of Home Healthcare in major countries in Middle East. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Home Healthcare Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Middle East Home Healthcare Market through company internal sources such as annual reports & and financial statements, performance presentations, press releases, etc., and external sources including journals, news & and articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Middle East Home Healthcare Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as type and indication. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East Home Healthcare Market. Further, we conducted factor analysis using dependent and independent variables such as type and indication of the Middle East Home Healthcare Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Home Healthcare Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Home Healthcare Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East Home Healthcare Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Middle East Home Healthcare Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Home Healthcare Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and indication in the Middle East Home Healthcare Market.
The main objective of the Middle East Home Healthcare Market Study
The current & future market trends of the Middle East Home Healthcare Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Middle East Home Healthcare Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the type and indication.
- Define and analysis of the regulatory framework for the surgical instrument
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Middle East Home Healthcare Market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Middle East Home Healthcare Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Middle East Home Healthcare Market?
Q2: What are the driving factors for the growth of the Middle East Home Healthcare Market?
Q3: Which segment has the largest share of the Middle East Home Healthcare Market by Type?
Q4: What are the emerging technologies and trends in the Middle East Home Healthcare Market?
Q5: Which region will dominate the Middle East Home Healthcare Market?
Q6: Who are the key players operating in the Middle East Home Healthcare Market?
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