Kuwait Digital Health Market Size & Outlook, 2023-2030
Kuwait digital health market, 2018-2030 (US$M)
Related Markets
Kuwait digital health market highlights
- The Kuwait digital health market generated a revenue of USD 450.9 million in 2023 and is expected to reach USD 1,866.7 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 22.5% from 2024 to 2030.
- In terms of segment, tele-healthcare was the largest revenue generating technology in 2023.
- Tele-Healthcare is the most lucrative technology segment registering the fastest growth during the forecast period.
Digital health market data book summary
| Market revenue in 2023 | USD 450.9 million |
| Market revenue in 2030 | USD 1,866.7 million |
| Growth rate | 22.5% (CAGR from 2023 to 2030) |
| Largest segment | Tele-healthcare |
| Fastest growing segment | Tele-Healthcare |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tele-Healthcare, MHealth, Healthcare Analytics, Digital Health Systems |
| Key market players worldwide | Epic Systems Corporation, Telefonica SA, AT&T, Airstrip Technologies, Quantum-Si Inc Ordinary Shares - Class A, Alphabet Inc Class C, Orange SA, SoftServe, Hims & Hers Health Inc Ordinary Shares - Class A, Computer Programs and Systems Inc. (CPSI), Vocera Communications, International Business Machines Corp, Cisco Systems Inc, Apple Inc, Oracle Corp, Veradigm Inc, McKesson Corp, Vodafone Group PLC, Qualcomm Inc, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global digital health market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa digital health market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,648.4 million by 2030.
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Digital Health Market Scope
Digital Health Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait digital health market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital health market will help companies and investors design strategic landscapes.
Tele-healthcare was the largest segment with a revenue share of 43.2% in 2023. Horizon Databook has segmented the Kuwait digital health market based on tele-healthcare, mhealth, healthcare analytics, digital health systems covering the revenue growth of each sub-segment from 2018 to 2030.
Countries such as Saudi Arabia, Qatar, the UAE, Kuwait, and Oman in the Middle East are prospering. Advancements in healthcare systems are expected to bring digital health in action in these countries. On the contrary, some countries in Africa score low in digital Health readiness, i.e. they lack in proper healthcare infrastructure.
With the increasing penetration of smartphones, governments, entrepreneurs, & healthcare professionals are inclining more toward smartphones for better and healthier lifestyles. In addition, rising awareness among the people in the MEA has increased the potential for digital health apps in the market.
In countries such as Saudi Arabia and the UAE, informative medical apps are gaining popularity. However, slow development of mobile technologies in a few MEA countries has limited the adoption of consumer-facing apps, thereby hampering market growth in the region.
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Target buyers of Kuwait digital health market databook
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Our clientele includes a mix of digital health market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait digital health market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait digital health market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait digital health market size, by technology, 2018-2030 (US$M)
Kuwait Digital Health Market Outlook Share, 2023 & 2030 (US$M)
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