South Africa Smart Healthcare Market Size & Outlook
South Africa smart healthcare market, 2018-2030 (US$M)
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South Africa smart healthcare market highlights
- The South Africa smart healthcare market generated a revenue of USD 1,409.9 million in 2023 and is expected to reach USD 3,588.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14.3% from 2024 to 2030.
- In terms of segment, mhealth was the largest revenue generating product in 2023.
- RFID Kanban Systems is the most lucrative product segment registering the fastest growth during the forecast period.
Smart healthcare market data book summary
| Market revenue in 2023 | USD 1,409.9 million |
| Market revenue in 2030 | USD 3,588.7 million |
| Growth rate | 14.3% (CAGR from 2023 to 2030) |
| Largest segment | Mhealth |
| Fastest growing segment | RFID Kanban Systems |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RFID Kanban Systems, RFID Smart Cabinets, Electronic Health Records (EHR), Telemedicine, MHealth, Smart Pills, Smart Syringes |
| Key market players worldwide | Airstrip Technologies, Allscripts Healthcare, Apple Inc, AT&T, Brooks Automation, Oracle Corp, Cisco Systems Inc, GE HealthCare Technologies Inc Common Stock, Covidien, International Business Machines Corp, McKesson Corp, Olympus Corp, Samsung Electronics Co Ltd, Siemens Healthineers AG ADR, Solstice Medical, TwinBin, LogiTag, Pepperl+Fuchs, InnerSpace, Wurth Group |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global smart healthcare 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 smart healthcare 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 1,536.2 million by 2030.
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Smart Healthcare Market Scope
Smart Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa smart healthcare 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 smart healthcare market will help companies and investors design strategic landscapes.
Mhealth was the largest segment with a revenue share of 53.22% in 2024. Horizon Databook has segmented the South Africa smart healthcare market based on rfid kanban systems, rfid smart cabinets, electronic health records (ehr), telemedicine, mhealth, smart pills, smart syringes covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of South Africa smart healthcare market can be attributed to increased workload on health caregivers due to the large patient data generated in hospitals or medical centers.
This has resulted in increased demand for the integration of smart healthcare technologies in hospitals. Moreover, increasing prevalence of noncommunicable diseases and associated mortality is expected to create growth opportunities for market players.
According to the 2022 WHO Noncommunicable Disease Progress Monitor, noncommunicable diseases accounted for 50% to 88% of fatalities in seven countries in Africa, most of which are small island states.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa smart healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Africa smart healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa smart healthcare market size, by product, 2018-2030 (US$M)
South Africa Smart Healthcare Market Outlook Share, 2024 & 2030 (US$M)
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