South Africa Remote Patient Monitoring Devices Market Size & Outlook
South Africa remote patient monitoring devices market, 2018-2030 (US$M)
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South Africa remote patient monitoring devices market highlights
- The South Africa remote patient monitoring devices market generated a revenue of USD 45.1 million in 2023 and is expected to reach USD 137.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 17.2% from 2024 to 2030.
- In terms of segment, specialized monitors was the largest revenue generating product in 2023.
- Vital Sign Monitors is the most lucrative product segment registering the fastest growth during the forecast period.
Remote patient monitoring devices market data book summary
| Market revenue in 2023 | USD 45.1 million |
| Market revenue in 2030 | USD 137.3 million |
| Growth rate | 17.2% (CAGR from 2023 to 2030) |
| Largest segment | Specialized monitors |
| Fastest growing segment | Vital Sign Monitors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vital Sign Monitors, Specialized Monitors |
| Key market players worldwide | shenzhen mindray automation equipment co., Nihon Kohden Corp, OMRON Corp, OSI Systems Inc, Koninklijke Philips NV, Roche Holding AG ADR, Welch Allyn, Smiths Group PLC, Abbott Laboratories, Boston Scientific Corp, Draegerwerk AG & Co KGaA, GE HealthCare Technologies Inc Common Stock, Honeywell International Inc, Johnson & Johnson, BioTelemetry, Medtronic PLC, Masimo Corp, Vital Farms Inc Ordinary Shares, BIOTRONIK, American Well Corp Ordinary Shares - Class A, CareValidate |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global remote patient monitoring devices 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 remote patient monitoring devices 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 133.9 million by 2030.
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Remote Patient Monitoring Devices Market Scope
Remote Patient Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa remote patient monitoring devices 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 remote patient monitoring devices market will help companies and investors design strategic landscapes.
Specialized monitors was the largest segment with a revenue share of 82.48% in 2023. Horizon Databook has segmented the South Africa remote patient monitoring devices market based on vital sign monitors, specialized monitors covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a developing nation receiving assistance from countries such as the U.S. and Canada to provide primary care to patients belonging to all age groups. Moreover, the country is characterized by the presence of funding issues, staff shortages, and poor infrastructure, especially in public healthcare organizations.
However, due to the presence of a sophisticated private healthcare system, the country represents substantial market opportunities for high-tech, innovative, and cost-effective consumables (such as blood pressure cuffs and others) by foreign companies, as nearly 93% of medical equipment is imported.
Chronic diseases such as cancer and diabetes accounted for 28% of all deaths in 2018. According to the Global Health Report, 3.6 million adults in the country are projected to have diabetes by 2030. The high prevalence and incidence of chronic conditions are anticipated to facilitate market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa remote patient monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into South Africa remote patient monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa remote patient monitoring devices market size, by product, 2018-2030 (US$M)
South Africa Remote Patient Monitoring Devices Market Outlook Share, 2023 & 2030 (US$M)
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