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MENA's Internet of Medical Things expected to reach $9bn by 2022

MENA's Internet of Medical Things expected to reach $9bn by 2022
The Innovation Hub will showcase many disruptive technologies in the IoMT ecosystem

UAE – Mubasher: Arab Health, the Middle East and North Africa’s (MENA) largest exhibition for healthcare and trade professionals announced its return to the Dubai World Trade Centre (DWTC) and Conrad Dubai Hotel from 27 to 30 January 2020.

The event will highlight the vital role of technology on improving the speed and accuracy of diagnosis and treatment in the healthcare industry, according to a press release.

In a report titled ‘The Future Of Health Information Technology and The Internet Of Medical Things’, event organizers state that the value of the Internet of Medical Things (IoMT) global market is likely to surge to $158.1 billion by 2022, compared to $41.2 billion in 2017, according to estimates by MarketsandMarkets.

In MENA, the industry could be worth $9 billion in 2022 from a current $2 billion, recording a compound annual growth rate (CAGR) of 35%.

Explaining the IoMT concept, Arab Health exhibition director, Ross Williams, said, “The IoMT refers to connected infrastructure of medical devices, software applications, and health systems services which have grown in the prominence of supporting clinical decisions, reducing incorrect diagnosis, and improving quality of services through the management of chronic diseases and monitoring of hospitalised patients.”

Arab Health will showcase many of the disruptive technologies in the IoMT ecosystem. This includes but not limited to Artificial Intelligence (AI), Augmented and Virtual Reality (AR/VR), mobile device accessories, smartwatches, in addition to fitness trackers and applications, disease management devices, health monitors, and home care devices and telemedicine devices.

It will further feature a startup zone so that local and international startups will be able to display and demonstrate new healthcare products and innovations.

Under the theme of ‘Digitalisation in Healthcare and Enhancing the Patient Experience Through Digital Health’, the Patient Experience conference will focus on empowering patients to make better decisions while implementing an efficient and stronger healthcare system, the statement said.