Middle East & Africa Internet Of Medical Things (iomt) Market Size & Outlook
Middle East & Africa internet of medical things (iomt) market, 2018-2030 (US$M)
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MEA internet of medical things (iomt) market highlights
- The MEA internet of medical things (iomt) market generated a revenue of USD 9.9 billion in 2023.
- The market is expected to grow at a CAGR of 25% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9.9 billion |
| Market revenue in 2030 | USD 47.1 billion |
| Growth rate | 25% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Apple Inc, Boston Scientific Corp, BIOTRONIK, Cisco Systems Inc, GE Aerospace, Honeywell International Inc, International Business Machines Corp, Johnson & Johnson, Koninklijke Philips NV, Lenovo Group Ltd, Medtronic PLC, NeuroMetrix Inc, Microsoft Corp, SAP SE ADR, Siemens AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global internet of medical things (iomt) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 47.1 billion by 2030.
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Internet of Medical Things (IoMT) Market Scope
Internet of Medical Things (IoMT) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa internet of medical things (iomt) 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 internet of medical things (iomt) market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 46.46% in 2023. Horizon Databook has segmented the Middle East & Africa internet of medical things (iomt) market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa Internet of Medical Things market was . The growing focus on active patient engagement and patient-centric care is boosting the growth of the IoMT market in the region. The growing awareness of the benefits of connected healthcare systems, remote patient monitoring, and telemedicine services fuels this trend.
Furthermore, governments in the MEA region are pursuing endeavors to improve overall healthcare infrastructure and connectivity. Initiatives to upgrade digital capabilities, expand broadband access, and integrate IoT technologies in the healthcare sector are accelerating the market expansion in the MEA region.
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Our clientele includes a mix of internet of medical things (iomt) market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa internet of medical things (iomt) market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa internet of medical things (iomt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA internet of medical things iomt market report size, by country, 2018-2030 (US$M)
Middle East & Africa Internet of Medical Things (IoMT) Market Share, 2023 & 2030 (US$M)
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