Monday, October 23, 2023

UAE Patient Care Monitoring Market projected to reach $50 BN by 2028: Ken Research

 UAE is taking big leaps when it comes to investing in healthcare infrastructure & a growing aging population, patient care monitoring market is expected to record substantial growth.

UAE Patient Care Monitoring has seen an unrecognizable growth rate of 7.4 percent, surpassing other countries in the Gulf Cooperation Council (GCC), the nation's visionary approach is paving way towards becoming a leader in patient care monitoring. With a commitment reflected in substantial investment of over 20 billion dollars, it has emerged as a beacon of progress in healthcare infrastructure.

Story Outline

  • The UAE’s commitment to healthcare infrastructure shines through its substantial $5 billion investment in 2022. With a projected growth rate of 7.4 per cent, surpassing its Gulf Cooperation Council (GCC) counterparts, the country is poised to pioneer patient care in the region.
  • The UAE’s healthcare transformation is exemplified by the development of a groundbreaking Smart Hospital by the Royal Health Group. Integrating technologies like AI & IoT, this state-of-the-art facility uses AI, machine learning & predictive analysis to enhance patient outcomes.
  • 67 percent of elderly people in UAE have chronic illnesses, so the rise in demand of patient care monitoring system is evident. These systems provide comprehensive health monitoring for the elderly while supporting their well-being and ensuring there is timely interventions for them.
  • According to Ken Research, the UAE Patient Care Monitoring Equipment Market is expected to reach $50 billion in 2028, owing to the improving healthcare infrastructure & government’s support towards developing various kinds of digital technologies which makes healthcare & patient monitoring accessible to every citizen.

1. UAE’s $21.5 Billion Healthcare Leap: Pioneering Patient Care in the Gulf

Healthcare expenditure in UAE 2018 22

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The United Arab Emirates (UAE) has been constantly investing in its healthcare infrastructure. In 2022, the country had invested $21.5 billion & the UAE healthcare sector is expected to witness the highest growth rate of 7.4 per cent compared to other countries within the Gulf Cooperation Council (GCC).

As the healthcare system continues to expand, there will be greater demand for advanced patient care systems to ensure efficient & effective patient care. That is where patient monitoring systems will increase in demand.

2. Revolutionizing Patient Care with UAE’s Smart Hospital Pioneers AI & IoT Integration

AI in Healthcare

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Advances in medical technology & integration of technologies such as Artificial Intelligence (AI), Internet of Things (IoT) etc. which will lead to development of more sophisticated patient care monitoring system. In UAE, the Royal Health Group has been developing a first-of-its-kind, state-of-the-art Smart Hospital which leverages technologies like AI, machine learning & predictive analysis to improve patient outcomes, increase efficiency & improve costs.

These technologies aim to enhance patient safety & healthcare professional’s ability to make timely decisions.

According to Ken Research, the UAE Patient Care Monitoring System Market is expected to reach $50 billion in 2028, owing to the improving healthcare infrastructure & government’s support towards developing various kinds of digital technologies which makes healthcare & patient monitoring accessible to every citizen.

3. UAE’s Silver Surge: Meeting Elderly Healthcare Needs with Advanced Monitoring

UAE Elderly Population

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UAE is experiencing demographic changes including an aging population. In 2022, the population aged 65 & above was at 1.829 per cent and 67 percent elderly users in the UAE have chronic diseases like High Blood Pressure, Diabetes or Arthritis. Elderly individuals require a systematic & comprehensive monitoring of their health conditions, which can drive the demand for patient care monitoring systems.

4. UAE's Health Innovative AI-Powered Platform Battles Global Threats

Components of Digital Health Technologies

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The UAE government has been displaying a keen interest in adopting digital healthcare solutions. The Ministry of Health & Prevention has launched Digital Health Monitoring Center, an innovative, digital AI-powered platform, with an aim to curb the spread of communicable diseases, based on the data of international organizations like World Health Organization (WHO) and Centers for Disease Control & Prevention. It is one of the most important innovative projects based on latest technology and data centralization to tackle potential global health threats in the future.

5. Empowering Care at a Distance: UAE Embraces Remote Patient Monitoring Revolution

BioIntelliSense Remote Monitoring Device

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Remote monitoring plays a role in reducing hospital visits, provide personalized care & allow healthcare professionals to monitor patients from a distance. Mubadala Health, a UAE based integrated healthcare network, plans to integrate remote patient monitoring devices like BioIntelliSense Inc., for long term use.

COVID-19 pandemic has highlighted the importance of remote patient monitoring & this trend is likely to continue driving the demand for patient care monitoring system.

Conclusion

With investments of $21.5 billion driving pioneering initiatives, cutting-edge Smart Hospitals which nurture AI and IoT integration to customise patient care, innovative AI-powered platforms which are set to drive global health defense, the UAE is redefining healthcare in ways better than its peers in Gulf Cooperation Council (GCC) countries. Embracing the challenges of an aging population and lessons learnt from pandemic, the nation's commitment to advanced patient care systems and remote monitoring solidifies its role as a trailblazer in shaping the future of healthcare.

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