South Africa Connected Healthcare Market Analysis 2022 to 2030

South Africa Connected Healthcare Market Analysis

$ 3999

The South Africa-connected healthcare market is projected to grow from $431.34 Mn in 2022 to $3239.25 Mn by 2030, registering a CAGR of 29.63% during the forecast period of 2022 - 2030. The main factors driving the growth would be private sector investments, increasing healthcare expenditure, technological advancements and government support. The market is segmented by type, function and by application. Some of the major players include Clicks Group, Netcare, Quro Medical, Roche Diagnostics, Philips Healthcare and Medtronic.

ID: IN10ZAHS004 CATEGORY: Healthcare Services GEOGRAPHY: South Africa AUTHOR: Neha Davda

Buy Now

South Africa Connected Healthcare Market Executive Summary

The healthcare system in South Africa has a number of difficulties, including a lack of medical experts, inadequate infrastructure, etc. As a result, networked healthcare technologies are being adopted more widely in the nation. Digital health records, remote patient monitoring, and telemedicine are examples of connected healthcare systems in South Africa. These technological advancements can aid healthcare practitioners in enhancing patient outcomes, cutting expenses, and expanding access to medical treatment.

The deployment of connected healthcare technologies has also received backing from the South African government. For instance, the Department of Health has started a number of projects to improve access to healthcare services via digital technologies.

South Africa Connected Healthcare Market

Market Dynamics

Market Growth Drivers

The South Africa-connected healthcare market is expected to be driven by factors such as:

Private sector investments- In South Africa, a number of private sectors businesses have made investments in connected healthcare after spotting the market's potential for expansion. This investment has paved the way for the creation of cutting-edge products and services like digital health platforms, remote monitoring, and telemedicine
Increasing healthcare expenditure- The need to address the nation's healthcare concerns has led to an increase in healthcare spending in South Africa during the past few years. This higher outlay has opened doors for the development of connected healthcare services and technologies
Technological advancements- In South Africa, smartphones, tablets, and other connected devices are becoming more widely available and more reasonably priced, making it simpler for patients to obtain healthcare services online. Likewise, the expansion of telecommunications networks has aided in the creation of online platforms for healthcare
Government support- The South African government has made efforts to assist the introduction of connected healthcare because it recognises its potential to improve healthcare outcomes

Market Restraints

The following factors are expected to limit the growth of the connected healthcare market in South Africa:

Lack of awareness- Although there are more people in South Africa who are aware of connected healthcare, there are still a lot of people who are unaware of these services and technologies. Due to this, demand for connected healthcare services may be constrained, especially among older or less technologically aware populations
High cost- For those with low means or those who live in remote locations, the cost of establishing and receiving connected healthcare services might be a barrier. As a result, connected healthcare services may not be as widely available or as easily accessible to people who most need them
Regulatory challenges- Uncertainty may arise for businesses intending to engage in this industry due to the ongoing development of the regulatory environment for connected healthcare in South Africa. The adoption of connected healthcare services may be constrained by concerns about data security and privacy

Competitive Landscape

Key Players

Clicks Group (ZAF)- A retail pharmacy and healthcare company, Clicks Group provides a variety of connected healthcare solutions, such as telemedicine services, prescription management programs, and fitness trackers
Netcare (ZAF)- An array of connected healthcare solutions, such as telehealth services, remote patient monitoring, and electronic health records, are provided by South African private healthcare company Netcare
Quro Medical (ZAF)- The first tech-driven hospital in Africa, Quro Medical uses real-time data analysis in healthcare technology to track patient health. Quro Medical is a digital health startup
Roche Diagnostics- Personalized healthcare programmes, remote monitoring systems, diagnostic tests, and other connected healthcare solutions are all provided by Roche Diagnostics, a multinational healthcare organisation
Philips healthcare- Leading healthcare technology provider Philips Healthcare provides a variety of connected healthcare solutions, including imaging equipment, telemedicine services, and patient monitoring systems
Medtronic- A leading provider of cutting-edge linked healthcare solutions, Medtronic is a global leader in healthcare technology. Its products include medical equipment, patient monitoring systems, and digital health platforms

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Connected Healthcare Market Segmentation

By Type (Revenue, USD Billion):

Based on the Type the market is segmented into mHealth services, mHealth Devices, and E- Prescription

MHealth services
mHealth Devices
E- Prescription

By FunctionType (Revenue, USD Billion):

Remote patient monitoring
Clinical monitoring
Telemedicine
Others (Assisted Living)

By Application Type (Revenue, USD Billion):

Diagnosis and Treatment
Monitoring Application
Wellness and Prevention
Healthcare management
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.