Egypt Healthcare IoT Market by Component (Medical Devices, Systems and Software, Services, Connectivity Technology), By Application (Telemedicine, Clinical Operation & Workflow Management, Medication Management, Connected Imaging, Others), By End User (Healthcare Providers, Patients, Government Authorities, Others), By Region, Competition Forecast & Opportunities, 2027

The Egypt healthcare IoT market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. The market growth can be attributed to the growing deployment of digital systems for monitoring and analyzing health problems. Besides, emergence of innovative technologies that supply safe and effective healthcare and rising focus on active patient engagement and patient-centric care with advanced solutions are some of the factors propelling the growth of the Egypt healthcare IoT market. In 2022, the internet users in Egypt reached 75.66 million, which accounts for 71.9% of the total population. Wider and better internet accessibility and surge in awareness to adopt the wearable devices have led to the growing adoption of wearable healthcare devices to track real-time information such as blood pressure, cholesterol, blood sugar, and others. Rising incidences of chronic disorders and growing awareness among consumers regarding health are also propelling the demand for IoT devices for self-measurement of health vitals, which is adding to the growth of the Egypt healthcare IoT market. Rising number of government initiatives to promote digital health by investments ranging from setting up the requisite infrastructure to implementing regulations mandating the application of electronic health records. In 2022, the Ministry of Planning and Economic Development started ‘Decent Life’ initiative, allocating LE 45.9 billion (USD2.4 billion) plan for renovating healthcare services nationwide in FY2022/2023. Furthermore, market players are working on IoT cloud-based solutions to speed up the adoption of IoT-based medical services. However, increasing implementation of IoT in the healthcare industry is adding to the growing risk of data security and privacy. Hence, data vulnerability associated with the IoT devices might restrict the growth of the Egypt healthcare IoT market.

Growing Acceptance of Self-health Monitoring Solutions to Aid Market Growth

According to the World Health Organization official Randa Abul-Naga, more than 70% of deaths in Egypt are due to chronic disorders such as diabetes, cardiovascular disorders, cancer, etc. Chronic disorder management requires frequent diagnosis and monitoring of health vitals, which contributes to rising healthcare costs for consumers and growing burden on clinics and hospitals. As people are becoming more aware of the benefits of self-health management solutions such as reduced healthcare expenses, efficient management of chronic disorders, etc., they are increasingly incorporating IoT devices in their lifestyle to keep their health in check. Smartwatches, ECG monitors, blood pressure cuffs, glucose monitoring devices are witnessing an increased consumer adoption. Many new healthcare applications have emerged in recent years that have turned into personalized health clinics for the consumers. As the healthcare IoT devices will become more sophisticated, the percentage of consumers using them is likely to expand in Egypt.

Rising Trend of Telehealth and Telemedicine to Boost Adoption of IoT in Healthcare

Telehealth and telemedicine have become new paradigm in healthcare, changing the way healthcare providers see and treat their patients. Some of the latest innovations in telemedicine integrate artificial intelligence that enable providers to work more efficiently and keep patients connected. Earlier confined to just video conferencing, now the next generation of telemedicine tools have more to offer. For instance, now clinicians can use natural language processing that automatically take notes during a consultation. With robotic technology, specialists can weigh in from afar during emergency procedures, which allows both patients and providers to avoid high-risk environments. With the rising internet penetration, the demand for telemedicine and telehealth solutions would increase, which is likely to propel the growth of Egypt healthcare IoT market.

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Market Segmentation

The Egypt healthcare IoT market is segmented by component, application, end user, and region. Based on the component, the market is divided into medical devices, systems and software, services, and connectivity technology. Based on application, the market is divided into telemedicine, clinical operation & workflow management, medication management, connected imaging, and others. Based on end user, the market is differentiated into healthcare providers, patients, government authorities, and others.

Market Players

Key players operating in the Egypt healthcare IoT market are Schneider Electric, Siemens AG, Microsoft Corporation, Oracle Systems Corporation, Amazon, Inc., International Business Machines Corporation, Cisco Systems Inc., among others.