Sources:
https://data.worldbank.org
MEA IVD Market Size Worth USD 10.03 Bn By 2027 (marketdataforecast.com)
https://www.businessmarketinsights.com/reports/middle-east-and-africa-medical-devices-market
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MedTech is pivotal to the success of value-based healthcare, a model that prioritizes patient outcomes and cost-efficiency. As global payers and governments deal with rising healthcare pressures, the Middle East and Africa stand at the forefront with a unique opportunity to advance developed economies by rapidly adopting value-based healthcare strategies.
Emerging healthcare models enhance patient outcomes and generate savings through precise, efficient care. Key components include preventative wellness screenings, effective patient triage, and home care encouragement. These measures reduce long-term healthcare costs and support patient recovery outside hospital settings. Innovations like telemedicine, patient pathways, and connected devices improve patient management by providing remote consultations, personalized treatment plans, and continuous health monitoring, making healthcare more accessible and competent.
Local governments in the Middle East and Africa recognize the transformative power of value-based healthcare and are actively fostering changes to uplift the current healthcare landscape. By embracing these innovative healthcare models, they aim to improve overall patient outcomes and create more sustainable healthcare systems.
MedTech plays a key role in the success of value-based healthcare by:
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