The Nigeria-connected healthcare market is projected to grow from $59.72 Mn in 2022 to $469.49 Mn by 2030, registering a CAGR of 29.63% during the forecast period of 2022 - 2030. The main factors driving the growth would be a large population, private sector investment and government support. The market is segmented by type, function and by application. Some of the major players include Helium Health, CribMD, Medismarts, Philips Healthcare, Siemens Healthineers and IBM.
The Nigeria-connected healthcare market is projected to grow from $59.72 Mn in 2022 to $469.49 Mn by 2030, registering a CAGR of 29.63% during the forecast period of 2022 - 2030. Nigeria's national health spending as a share of GDP in 2019 was 3.03% or $71 per person.
Nigeria's connected healthcare business is a quickly expanding industry that is revolutionising how healthcare is provided and accessed in the nation. With connected healthcare, commonly referred to as telemedicine, patients are monitored, health information is exchanged, and services are provided remotely.
A number of variables, including Nigeria's sizable population are driving the market for connected healthcare in that country. Also, as healthcare professionals and patients look for strategies to lower the risk of infection and maintain access to healthcare services, the COVID-19 pandemic has hastened the deployment of connected healthcare technologies in Nigeria. In Nigeria, a number of businesses and organisations are making investments in the development of connected healthcare technology and services. Platforms for telemedicine are among them. They consist of digital health solutions, telemedicine platforms, and tools for remote patient monitoring. The Nigerian government has also taken action to encourage the deployment of connected healthcare, including the creation of a national eHealth policy, after seeing the potential of the system.
Market Growth Drivers
The Nigeria-connected healthcare market is expected to be driven by factors such as:
The following factors are expected to limit the growth of the connected healthcare market in Nigeria:
1. Report Description of the Nigeria Connected Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Nigeria Connected Healthcare Market Executive Summary
2.1 Nigeria Connected Healthcare Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Nigeria Connected Healthcare Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis
4. Nigeria Connected Healthcare Market Segmentation
4.1 By Type
4.1.1 mHealth services
4.1.2 mHealth Devices
4.1.3 E- Prescription
4.2 By Function Type
4.2.1 Remote patient monitoring
4.2.2 Clinical monitoring
4.2.4 Others (Assisted Living)
4.3 By Application Type
4.3.1 Diagnosis and Treatment
4.3.2 Monitoring Application
4.3.3 Wellness and Prevention
4.3.4 Healthcare management
4.4 By End-user
4.4.1 Hospitals and Clinics
4.4.2 Home monitoring
5. Nigeria Connected Healthcare Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Nigeria
8.2 Regulatory Framework in Nigeria
8.3 Pricing & Reimbursement Scenario in Nigeria Connected Healthcare Market
9. Factors Driving Future Growth
9.1 New Trends and Development Nigeria Connected Healthcare Market
9.2 Future Opportunities
10. Strategic Recommendations
By Type (Revenue, USD Billion):
Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription
By FunctionType (Revenue, USD Billion):
By Application Type (Revenue, USD Billion):
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